Form 4: Huntington Bancshares Director David L. Porteous Reports Share Transfer

Director David L. Porteous of Huntington Bancshares Inc. reported a transfer of 1,400 common stock shares from a deferred compensation plan to direct ownership.

Summary

• David L. Porteous, a director at Huntington Bancshares Inc., filed a Form 4 indicating a change in his beneficial ownership of the company's stock.
• The transaction involved the transfer of 1,400 shares of common stock from the Director Deferred Compensation Plan to direct ownership.
• This transfer did not involve a purchase or sale, and the price per share was recorded as $0.00.
• Following the transaction, Porteous directly owns 647,512.022 shares of common stock.
• He also has indirect ownership of 68,668.166 shares through an IRA, 15,094.269 shares through a SEP-IRA, 10,136.631 shares through his spouse, and 114,468.598 shares through the Director Deferred Compensation Plan.

Sentiment

Score: 7

Explanation: The document is a routine filing and does not indicate any positive or negative sentiment. It is a neutral report of a standard transaction.

Industry Context

This is a routine filing related to changes in beneficial ownership by a company director, which is a common occurrence in publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders, such as directors, to report changes in their ownership of company stock.
• The transfer of shares from a deferred compensation plan to direct ownership is a common transaction and does not indicate any unusual activity.
• Similar filings are made by directors and officers of other publicly traded companies, such as JPMorgan Chase & Co. (JPM) and Bank of America Corp. (BAC), when they have changes in their beneficial ownership.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a transfer of shares and not a purchase or sale.

Key Dates

Keywords

Form 4, Beneficial Ownership, Huntington Bancshares, Director, Stock Transfer, Deferred Compensation, HBAN, David L. Porteous