Form 4: Huntington Bancshares Director Alanna Y. Cotton Reports Acquisition of Deferred Stock Units

Director Alanna Y. Cotton reports acquisition of deferred stock units in Huntington Bancshares, increasing direct and indirect holdings.

Summary

• On May 1, 2024, Alanna Y. Cotton, a director of Huntington Bancshares Inc., acquired 10,073 shares of common stock in the form of deferred stock units.
• These units were awarded at a price of $0.00 per share.
• Following the transaction, Cotton directly owns 67,348.519 shares of Huntington Bancshares common stock.
• Cotton also indirectly owns 21,549.505 shares through a Director Deferred Compensation Plan.
• The underlying shares of the deferred stock units are deliverable to Cotton the later of six months following separation from service as a director or one year following the date of the award.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of shares by a director generally reflects confidence in the company's prospects, but it's a routine transaction.

Positives

• The acquisition of deferred stock units by a director signals confidence in the company's future performance.

Future Outlook

The deferred stock units will be delivered to the Reporting Person the later of six months following separation from service as a director or one year following the date of the award.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates a director's increased stake in the company, which is generally viewed positively.

Stakeholder Impact

• The increased ownership by a director could be viewed positively by shareholders.

Key Dates