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 6,427 shares of common stock on March 26, 2024, to cover tax obligations related to vesting restricted stock units.
Summary
- On March 26, 2024, Zachary Jacob Wasserman, CFO and Senior Executive Vice President of Huntington Bancshares Inc., disposed of 6,427 shares of common stock.
- The transaction was executed to satisfy the reporting person's tax withholding obligation upon the vesting of a restricted stock unit award.
- The price per share was $13.34.
- Following the transaction, Wasserman directly owns 281,028.176 shares of Huntington Bancshares common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects a routine transaction for tax purposes.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like the CFO in this case, trade their company's stock. These filings provide transparency into the transactions of individuals with access to non-public information.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/26/2024 | Date of stock disposal transaction |
| 03/28/2024 | Date of signature by Attorney-in-Fact |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.