Form 4: Huntington Bancshares Director Kenneth J. Phelan Reports Changes in Beneficial Ownership
SEC Form 4
Director Kenneth J. Phelan reports acquisition of Huntington Bancshares stock through direct and indirect means on July 1, 2024.
Summary
- On July 1, 2024, Kenneth J. Phelan, a director of Huntington Bancshares Inc., reported changes in beneficial ownership of the company's common stock.
- Phelan acquired 925.642 shares of common stock directly at $0.00 per share.
- He also acquired 450.165 shares indirectly through a Director Deferred Compensation Plan at $0.00 per share.
- Following these transactions, Phelan directly owns 119,515.814 shares and indirectly owns 38,782.705 shares through the deferred compensation plan.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of stock ownership changes.
Positives
- The director's increased stake in the company may signal confidence in Huntington Bancshares' future performance.
Industry Context
Form 4 filings are standard practice for company insiders to report changes in their ownership of company stock, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of the reported transactions (acquisition of common stock). |
| 07/03/2024 | Date of signature by Attorney-in-Fact. |
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