Form 4: Huntington Bancshares Executive Kleinman Sells Shares to Cover Tax Obligations

Scott D. Kleinman, a Senior Executive Vice President at Huntington Bancshares, sold 14,105 shares of common stock on February 28, 2025, to cover tax obligations related to vesting restricted stock units.

Summary

• On February 28, 2025, Scott D. Kleinman, a Senior Executive Vice President at Huntington Bancshares, disposed of 14,105 shares of common stock.
• The transaction was executed to satisfy tax withholding obligations upon the vesting of a restricted stock unit award.
• The shares were sold at a price of $16.47 per share.
• Following the transaction, Kleinman directly owns 411,436.279 shares of Huntington Bancshares common stock.
• Kleinman also indirectly owns 345.858 shares through the Issuer's Supplemental Stock Purchase and Tax Savings Plan.

Sentiment

Score: 5

Explanation: This is a routine transaction related to tax obligations, so it has a neutral sentiment.

Industry Context

Executive stock sales to cover tax obligations are a common occurrence, particularly after the vesting of restricted stock units. This is a normal part of executive compensation and does not necessarily indicate a negative outlook on the company.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders, as it is a routine sale to cover tax obligations.

Key Dates