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

• On March 26, 2024, Stephen Steinour, the President, CEO, and Chairman of Huntington Bancshares Inc., reported a transaction involving the disposition of 16,870 shares of common stock at a price of $13.34.
• The transaction was executed to satisfy the reporting person's tax withholding obligation upon the vesting of a restricted stock unit award.
• Following the reported transaction, Steinour directly owns 1,320,490.745 shares of Huntington Bancshares Inc. common stock.
• Steinour also indirectly owns shares through various entities, including the Executive Deferred Compensation Plan (3,344,093.333 shares), Family Trusts (2,872,505 shares), GRATS (578,750 shares), the Issuer's Investment and Tax Savings Plan (49,526.924 shares), the Issuer's Supplemental Stock Purchase and Tax Savings Plan (88,296.097 shares), and through his spouse (1,924.43 shares).

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates that the CEO disposed of shares to cover tax obligations related to vested stock units, a common practice.

Key Dates