Form 4: Huntington Bancshares Executive Scott Kleinman Reports Changes in Beneficial Ownership
SEC Form 4
Scott Kleinman, a Senior Executive V.P. at Huntington Bancshares, reports acquisition and disposal of common stock related to performance share units and tax obligations.
Summary
- Scott Kleinman, a Senior Executive V.P. at Huntington Bancshares, filed a Form 4 detailing changes in beneficial ownership of the company's common stock.
- On March 7, 2025, Kleinman acquired 126,421.425 shares of common stock related to a performance share unit (PSU) award cycle for 2022-2024.
- On the same day, 57,333 shares were disposed of at a price of $15.14 to cover the associated tax liability upon the vesting of these performance shares.
- Following these transactions, Kleinman directly owns 522,216.704 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: 6
Explanation: The document is a standard regulatory filing, reflecting routine transactions related to executive compensation. The sentiment is neutral as it simply reports facts.
Positives
- The acquisition of shares through the PSU award indicates that performance goals were met over the 2022-2024 cycle.
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 filing provides transparency to shareholders regarding executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 03/07/2025 | Date of transaction: acquisition of shares from PSU award and disposal of shares for tax liability. |
| 03/12/2025 | Date of signature on the Form 4 filing. |
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