Form 4: Huntington Bancshares Executive Amit Dhingra Reports Share Acquisition and Tax Liability Coverage
SEC Form 4 Filing
Amit Dhingra, Chief Enterprise Payments Officer at Huntington Bancshares, reports acquiring shares through a performance share unit award and disposing of shares to cover tax liabilities.
Summary
- On March 7, 2025, Amit Dhingra, Chief Enterprise Payments Officer of Huntington Bancshares, acquired 23,115.369 shares of common stock related to a performance share unit (PSU) award cycle from 2022-2024.
- On the same day, Dhingra disposed of 7,159 shares of common stock at a price of $15.14 to cover the associated tax liability upon the vesting of these performance share units.
- Following these transactions, Dhingra directly owns 164,640.113 shares of Huntington Bancshares common stock.
- Dhingra also indirectly owns 6,824 shares through the Issuer's Supplemental Stock Purchase and Tax Savings Plan.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation. There are no indications of unusual or concerning activity.
Positives
- The acquisition of shares through the PSU award indicates that performance goals were met during the 2022-2024 cycle.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/07/2025 | Date of the transaction: acquisition of shares and disposal of shares for tax liability. |
| 03/12/2025 | Date of signature for the Form 4 filing. |
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