Form 4: Huntington Bancshares CFO Reports Stock Transactions
SEC Form 4 Filing
Zachary Jacob Wasserman, CFO of Huntington Bancshares, reports acquisition and disposal of company stock related to performance share units and tax liabilities.
Summary
- Zachary Jacob Wasserman, CFO and Senior Executive VP of Huntington Bancshares, reported changes in beneficial ownership of the company's common stock on April 16, 2024.
- He acquired 94,584.575 shares of common stock at $0.00, related to the earning of shares for the 2021-2023 performance share unit (PSU) award cycle.
- He also disposed of 42,895 shares at $13.04 to cover the associated tax liability upon the vesting of shares for the 2021-2023 PSU cycle.
- Following these transactions, Wasserman directly owns 335,957.217 shares of Huntington Bancshares common stock.
- The total includes accrued dividend equivalents reflecting exempt automatic reinvestment of dividends on awards of restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in the financial industry.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but it's primarily related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 04/16/2024 | Date of stock transactions (acquisition and disposal). |
| 04/18/2024 | Date of signature by Attorney-in-Fact. |
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