Form 4: Huntington Bancshares CEO Stephen Steinour Reports Changes in Beneficial Ownership

Stephen Steinour, CEO and Chairman of Huntington Bancshares, reports acquisition and disposal of common stock related to performance share units and tax liabilities.

Summary

• Stephen Steinour, the President, CEO, and Chairman of Huntington Bancshares, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On March 7, 2025, Steinour acquired 437,056.894 shares of common stock related to the vesting of performance share units (PSUs) from the 2022-2024 performance cycle.
• On the same day, 198,206 shares were withheld to cover the associated tax liability at a price of $15.14 per share.
• Following these transactions, Steinour directly owns 1,743,068.226 shares of common stock.
• He also indirectly owns shares through various plans and trusts, including the Executive Deferred Compensation Plan (3,441,119.559 shares), Family Trusts (2,898,505 shares), GRATS (588,000 shares), the Issuer's Investment and Tax Savings Plan (53,077.992 shares), the Issuer's Supplemental Stock Purchase and Tax Savings Plan (90,363.268 shares), and through his spouse (1,924.43 shares).

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation and tax obligations. There is no indication of positive or negative performance signals.

Positives

• The acquisition of shares due to PSU vesting suggests the achievement of performance goals within the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates transactions related to executive compensation and tax obligations, which are common occurrences in publicly traded companies.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.

Key Dates