Form 4: Huntington Bancshares CEO Stephen Steinour Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Stephen Steinour, President, CEO & Chairman of Huntington Bancshares, reports changes in his beneficial ownership of the company's stock due to vesting of restricted stock units and other transactions.
Summary
- On April 1, 2025, Stephen Steinour, the President, CEO & Chairman of Huntington Bancshares, reported changes in his beneficial ownership of the company's common stock.
- He acquired 7,475.834 shares of common stock at $0.00, and 558.038 shares at $0.00 through the Issuer's Investment and Tax Savings Plan (401(k) Plan).
- 183 shares were disposed of at $14.95 to satisfy tax withholding obligations upon the vesting of a restricted stock unit award.
- Following these transactions, Steinour directly owns 1,784,355.06 shares of common stock.
- He also indirectly owns shares through various plans and trusts, including the Issuer's Investment and Tax Savings Plan (53,910.103 shares), Executive Deferred Compensation Plan (3,441,119.559 shares), Family Trusts (2,898,505 shares), GRATS (550,500 shares), Issuer's Supplemental Stock Purchase and Tax Savings Plan (90,363.268 shares), and through his spouse (1,924.43 shares).
Sentiment
Score: 5
Explanation: Neutral sentiment as the document is a standard SEC filing detailing changes in beneficial ownership. There's no inherent positive or negative implication.
Positives
- The acquisition of shares, even at $0.00, could be seen as a positive sign of confidence in the company.
Negatives
- The disposal of 183 shares, while for tax obligations, represents a slight decrease in direct ownership.
Risks
- There are no specific risks mentioned in this document, as it primarily details changes in stock ownership.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates the transactions of a key executive at Huntington Bancshares.
Stakeholder Impact
- The changes in beneficial ownership may be of interest to shareholders, as it provides insight into the actions of a key executive.
Key Dates
| Date | Description |
|---|---|
| 04/01/2025 | Date of the reported transactions (acquisition and disposal of shares). |
| 04/03/2025 | Date of signature by Attorney-in-Fact, Anne Kruger. |
Keywords
beneficial ownership, Huntington Bancshares, Stephen Steinour, HBAN, stock, Form 4, SEC, insider trading
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.