Form 4: Veritex Director's Equity Converts in Huntington Merger

Veritex Holdings Director Mark C. Griege's common stock and restricted stock units converted into Huntington Bancshares common stock following the merger on October 20, 2025.

Summary

• Mark C. Griege, a Director of Veritex Holdings, Inc., reported changes in beneficial ownership due to the merger with Huntington Bancshares Incorporated.
• The merger, effective October 20, 2025, resulted in Veritex merging with and into Huntington, with Huntington surviving the merger.
• Each share of Veritex common stock (excluding certain shares) outstanding immediately prior to the merger's effective time converted into the right to receive 1.95 shares of Huntington common stock.
• Mr. Griege's 167,640 shares of Veritex common stock were converted into Huntington common stock.
• His 8,299 restricted stock units (RSUs) were canceled and converted into the right to receive Huntington common stock, calculated by multiplying the number of RSU shares by the 1.95 exchange ratio, less applicable tax withholdings.
• Following these reported transactions, Mr. Griege beneficially owns 0 shares of Veritex common stock and 0 Veritex derivative securities.

Sentiment

Score: 5

Explanation: The filing is a factual report of a completed merger-related equity conversion, thus carrying a neutral sentiment.

Positives

• The completion of the merger indicates a successful strategic transaction for Veritex shareholders, who received shares in a larger entity, Huntington Bancshares.

Future Outlook

The filing does not contain forward-looking statements or guidance, as it reports a completed transaction.

Industry Context

This transaction reflects ongoing consolidation within the banking sector, where larger financial institutions like Huntington Bancshares acquire regional banks such as Veritex Holdings to expand market share and operational scale.

Stakeholder Impact

• Shareholders of Veritex Holdings, Inc. received shares of Huntington Bancshares Incorporated, altering their investment portfolio.
• The merger impacts employees, customers, and suppliers of Veritex Holdings, Inc. as the company integrates into Huntington Bancshares Incorporated.

Key Dates

Keywords

Veritex Holdings, VBTX, Huntington Bancshares, Merger, Acquisition, SEC Form 4, Insider Transaction, Stock Conversion, Restricted Stock Units, Corporate Governance