Form 4: Huntington Bancshares Executive VP Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Senior Executive VP of Huntington Bancshares, Scott D. Kleinman, sold 69,088 shares of common stock at $14.67 per share under a pre-arranged trading plan.
Summary
- Scott D. Kleinman, a Senior Executive VP at Huntington Bancshares, sold 69,088 shares of common stock on March 13, 2025.
- The sale was executed at a price of $14.67 per share.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on November 19, 2024.
- Following the transaction, Kleinman directly owns 453,128.704 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: 5
Explanation: The document is a routine regulatory filing detailing a stock sale by an executive under a pre-existing plan. It doesn't inherently convey positive or negative sentiment.
Industry Context
Executive stock sales are a common occurrence and are often pre-planned to avoid accusations of insider trading. The use of a 10b5-1 plan allows executives to sell shares at predetermined times and prices, regardless of any inside information they may possess.
Key Dates
| Date | Description |
|---|---|
| 11/19/2024 | Date Mr. Kleinman adopted the Rule 10b5-1 trading plan |
| 03/13/2025 | Date of the stock sale transaction |
| 03/17/2025 | Date of the signature on the Form 4 filing |
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