Form 4: Huntington Bancshares Exec Acquires Shares
Insider Transaction Report
Scott D. Kleinman, Senior Executive Vice President of Huntington Bancshares, reported the acquisition of 2,065.0525 shares of common stock.
Summary
- Scott D. Kleinman, Senior Executive Vice President of Huntington Bancshares Inc. (HBAN), reported changes in his beneficial ownership.
- On October 1, 2025, Kleinman acquired 2,061.875 shares of common stock at a price of $0.0000 per share.
- Additionally, on the same date, he acquired 3.177 shares of common stock at $0.0000 per share through the Issuer's Supplemental Stock Purchase and Tax Savings Plan.
- Following these transactions, Kleinman directly owns 452,894.989 shares and indirectly owns 355.88 shares.
- A Substitute Power of Attorney was executed on September 30, 2025, appointing Rachel L. Lawless, Robert Matthew Pearson, and Virginia L. Mockler as substitute attorneys-in-fact for Section 16 filings.
Sentiment
Score: 7
Explanation: The filing reports a routine acquisition of shares by a senior executive, likely as part of compensation, which is generally a positive sign of alignment with shareholder interests. The administrative update regarding the Power of Attorney is neutral.
Positives
- Senior Executive Vice President Scott D. Kleinman acquired additional shares, aligning his interests with shareholders.
- The acquisition of shares through a supplemental stock purchase and tax savings plan indicates ongoing participation in company benefit programs.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Attorney-in-Fact for Section 16 filings | Anne C. Kruger (original appointee) | Rachel L. Lawless, Robert Matthew Pearson, and Virginia L. Mockler | 09/30/2025 | Substitution of attorneys-in-fact under the original Power of Attorney. |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Substitution | Anne C. Kruger, acting under an original Power of Attorney, appointed Rachel L. Lawless, Robert Matthew Pearson, and Virginia L. Mockler as substitute attorneys-in-fact for Scott D. Kleinman to execute and file Section 16 reports (Forms 3, 4, and 5). | 09/30/2025 | Streamlines the administrative process for Section 16 compliance for Scott D. Kleinman, ensuring timely and accurate filings. |
Related Party Transactions
- Acquisition of 2,061.875 shares of common stock at $0.0000 per share, likely as part of executive compensation or a grant.
- Acquisition of 3.177 shares of common stock at $0.0000 per share through the Issuer's Supplemental Stock Purchase and Tax Savings Plan.
Stakeholder Impact
- Shareholders: Increased alignment of executive interests with shareholder value through additional stock ownership.
Key Dates
| Date | Description |
|---|---|
| 09/30/2025 | Execution date of the Substitute Power of Attorney. |
| 10/01/2025 | Date of reported stock acquisition transactions. |
| 10/03/2025 | Signature date of the Form 4 filing by Attorney-in-Fact. |
Recommendation
holdThis Form 4 reports a routine acquisition of shares by a senior executive, likely as part of compensation. Such transactions are common and generally viewed as a positive for executive alignment but do not typically provide new information significant enough to warrant a change in investment recommendation for the stock.
Keywords
Huntington Bancshares, HBAN, Scott D. Kleinman, Form 4, Insider Transaction, Stock Acquisition, Executive Compensation, Beneficial Ownership, Corporate Governance, Power of Attorney
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