Form 4: Huntington Bancshares Executive Amit Dhingra Reports Stock Award and Tax Withholding
SEC Form 4 Filing
Amit Dhingra, Chief Enterprise Payments Officer at Huntington Bancshares, reports acquisition of shares from a performance share unit award and subsequent withholding for tax obligations.
Summary
- On April 16, 2024, Amit Dhingra, Chief Enterprise Payments Officer of Huntington Bancshares, acquired 9,458.258 shares of common stock due to the vesting of a performance share unit (PSU) award for the 2021-2023 cycle.
- These shares were awarded at a price of $0.00.
- Also on April 16, 2024, 2,895 shares were withheld to cover the associated tax liability upon the vesting of the PSU shares at a price of $13.04.
- Following these transactions, Dhingra directly owns 87,250.907 shares of Huntington Bancshares common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects executive compensation and ownership changes.
Key Dates
| Date | Description |
|---|---|
| 04/16/2024 | Date of stock award and tax withholding. |
| 04/18/2024 | Date of signature on the Form 4 filing. |
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