Form 4: Huntington Bancshares Executive Scott Kleinman Reports Stock Transaction
SEC Form 4 Filing
Scott Kleinman, a Senior Executive V.P. at Huntington Bancshares, reported the disposal of 5,647 shares of common stock to cover tax obligations related to vesting restricted stock units.
Summary
- On March 26, 2024, Scott D. Kleinman, a Senior Executive V.P. at Huntington Bancshares Inc., reported a transaction involving the company's common stock.
- Kleinman disposed of 5,647 shares to satisfy tax withholding obligations upon the vesting of a restricted stock unit award.
- The shares were disposed of at a price of $13.34 per share.
- Following the transaction, Kleinman directly owns 425,018.897 shares of Huntington Bancshares common stock.
- Kleinman also indirectly owns 327.351 shares through the Issuer's Supplemental Stock Purchase and Tax Savings Plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction related to executive compensation. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/26/2024 | Date of the stock transaction (disposal of shares). |
| 03/28/2024 | Date of signature on the Form 4 filing. |
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