Form 4: Huntington Bancshares Director Porteous Receives Deferred Stock Award

Director David L. Porteous of Huntington Bancshares received a deferred stock award of 10,073 shares on May 1, 2024.

Summary

• On May 1, 2024, David L. Porteous, a director of Huntington Bancshares, received a deferred stock award of 10,073 shares.
• The underlying shares are deliverable to Porteous the later of six months following separation from service as a director or one year following the award date.
• The award was priced at $0.0000.
• Following the transaction, Porteous directly owns 634,673.708 shares of common stock.
• Porteous also has indirect ownership through an IRA (67,157.704 shares), a SEP-IRA (14,762.247 shares), spousal holdings (10,136.631 shares), and a Director Deferred Compensation Plan (123,109.529 shares).

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and insider alignment with company performance.

Positives

• The deferred stock award aligns the director's interests with the long-term performance of Huntington Bancshares.

Future Outlook

The underlying shares from the deferred stock units are deliverable 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 standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The stock award aligns the director's interests with shareholders.

Key Dates