Form 4: Huntington Bancshares CFO Zachary Wasserman Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Zachary Wasserman, CFO of Huntington Bancshares, disposed of 10,063 shares of common stock on May 1, 2024, to cover tax obligations related to vesting restricted stock units.
Summary
- Zachary Jacob Wasserman, CFO and Senior Executive Vice President of Huntington Bancshares, reported a transaction involving the disposal of company stock.
- On May 1, 2024, Wasserman disposed of 10,063 shares of Huntington Bancshares common stock at a price of $13.65 per share.
- This transaction was executed to satisfy the reporting person's tax withholding obligation upon the vesting of a restricted stock unit award.
- Following the transaction, Wasserman directly owns 295,821.217 shares of Huntington Bancshares common stock.
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 transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 05/01/2024 | Date of stock disposal transaction |
| 05/03/2024 | Date of signature by Attorney-in-Fact |
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