Form 4: Huntington Bancshares Executive Brantley J. Standridge Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Senior Executive V.P. Brantley J. Standridge of Huntington Bancshares disposed of shares to cover tax obligations upon vesting of a restricted stock unit award.
Summary
- On April 11, 2024, Brantley J. Standridge, a Senior Executive V.P. at Huntington Bancshares Inc., disposed of 85,934 shares of common stock to satisfy tax withholding obligations.
- The shares were disposed of at a price of $13.49 per share.
- Following the transaction, Standridge directly owns 435,409.402 shares of Huntington Bancshares common stock, which includes accrued dividend equivalents from reinvested dividends on restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/11/2024 | Date of stock disposal transaction. |
| 04/15/2024 | Date of signature on the Form 4 filing. |
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