Form 4: Huntington Bancshares CEO Stephen Steinour Reports Stock Transfer
SEC Form 4 Filing
Huntington Bancshares CEO Stephen Steinour reported a transfer of 57,000 shares of common stock as a gift, while also disclosing his beneficial ownership of over 7 million shares through various direct and indirect holdings.
Summary
- Stephen Steinour, the CEO and Chairman of Huntington Bancshares, reported a transaction involving 57,000 shares of common stock.
- These shares were transferred as a gift, with a value of $0.00 per share.
- Following this transaction, Mr. Steinour's direct holdings amount to 1,408,106.376 shares.
- He also has indirect beneficial ownership of 3,381,521.177 shares through an Executive Deferred Compensation Plan.
- Additionally, he holds 2,898,505 shares through Family Trusts, 588,000 shares through GRATS, 52,438.515 shares through the Issuer's Investment and Tax Savings Plan (401(k) Plan), 90,363.268 shares through the Issuer's Supplemental Stock Purchase and Tax Savings Plan, and 1,924.43 shares through his spouse.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, not indicative of positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the stock ownership of key executives.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
- The level of detail provided in this filing is consistent with SEC requirements for reporting beneficial ownership.
- Similar filings are made by executives at other large banks such as JP Morgan Chase, Bank of America, and Wells Fargo, when they have transactions in their company's stock.
Stakeholder Impact
- This filing provides transparency to shareholders regarding the stock ownership of the CEO.
- The transaction itself is unlikely to have a significant impact on the company's operations or financial performance.
Key Dates
| Date | Description |
|---|---|
| 12/20/2024 | Date of the stock transaction. |
| 12/26/2024 | Date of the signature on the form. |
Keywords
Huntington Bancshares, Stephen Steinour, stock ownership, beneficial ownership, executive compensation, Form 4, insider trading
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