Form 4: Huntington Bancshares Executive Rajeev Syal Reports Changes in Beneficial Ownership

Rajeev Syal, a Senior Executive V.P. at Huntington Bancshares, reports changes in beneficial ownership of common stock due to a transfer of shares to the Executive Deferred Compensation Plan.

Summary

• Rajeev Syal, a Senior Executive V.P. at Huntington Bancshares, filed a Form 4 on July 3, 2024, reporting changes in beneficial ownership.
• On July 1, 2024, 2,141.248 shares of common stock were acquired directly at a price of $0.00.
• On the same date, 5,573.385 shares were acquired indirectly through the Executive Deferred Compensation Plan at a price of $0.00.
• This resulted in Mr. Syal directly owning 196,106.094 shares and indirectly owning 480,526.455 shares through the Executive Deferred Compensation Plan.
• The transfer of 85,768.627 shares of common stock from the Issuer's Direct Holdings to the Executive Deferred Compensation Plan is reflected in these changes.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, and the transactions described are routine. Therefore, the sentiment is neutral.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company executive, which is a common occurrence in publicly traded companies.

Stakeholder Impact

• The changes in beneficial ownership have a minimal direct impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates