Form 4: Huntington Bancshares Executive VP Scott Kleinman Reports Stock Transaction

Senior Executive VP Scott Kleinman of Huntington Bancshares reports disposition of shares to cover tax obligations and indirect ownership through the company's stock purchase plan.

Summary

• On May 1, 2024, Scott D. Kleinman, a Senior Executive VP at Huntington Bancshares, reported a transaction involving the company's common stock.
• 9,661 shares were disposed of at a price of $13.65 to satisfy tax withholding obligations upon the vesting of a restricted stock unit award.
• Following the transaction, Kleinman directly owns 418,249.039 shares of Huntington Bancshares common stock.
• Kleinman also indirectly owns 331.298 shares through the Issuer's Supplemental Stock Purchase and Tax Savings Plan.

Sentiment

Score: 5

Explanation: This is a routine disclosure of stock transactions by a company executive. It doesn't indicate any significant positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track the buying and selling activities of executives and directors.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine sale of shares for tax purposes and does not represent a significant change in the executive's holdings.

Key Dates