Form 4: Huntington Bancshares CEO Stephen Steinour Reports Stock Transaction

Stephen Steinour, President, CEO & Chairman of Huntington Bancshares, reports disposition of shares to cover tax obligations upon vesting of restricted stock units.

Summary

• Stephen Steinour, the President, CEO, and Chairman of Huntington Bancshares, filed a Form 4 with the SEC.
• The filing reports a transaction on May 1, 2024, where 28,981 shares of common stock were disposed of at a price of $13.65 per share.
• This disposition was to satisfy tax withholding obligations upon the vesting of a restricted stock unit award.
• Following the transaction, Steinour directly owns 1,486,240.001 shares of Huntington Bancshares common stock.
• Steinour also indirectly owns shares through various means, including executive deferred compensation plans, family trusts, GRATS, the Issuer's Investment and Tax Savings Plan (401(k) Plan), the Issuer's Supplemental Stock Purchase and Tax Savings Plan, and spousal holdings.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, indicating a neutral sentiment.

Industry Context

Form 4 filings are standard practice for corporate insiders to report changes in their beneficial ownership of company stock, providing transparency to investors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding executive stock ownership.
• The disposal of shares to cover tax obligations has a minimal impact on the overall market.

Key Dates