Rajeev Syal - May 1, 2024 Form 4 Insider Report for HUNTINGTON BANCSHARES INC /MD/ (HBAN)

Signature
Anne Kruger, Attorney-in-Fact
Stock symbol
HBAN
Transactions as of
May 1, 2024
Transactions value $
-$522,588
Form type
4
Date filed
5/3/2024, 05:10 PM
Previous filing
May 2, 2024
Next filing
Jul 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HBAN Common Stock Options Exercise $416K +48.6K +16.19% $8.57 349K May 1, 2024 Direct
transaction HBAN Common Stock Tax liability -$30K -2.21K -0.63% $13.56 346K May 1, 2024 Direct
transaction HBAN Common Stock Sale -$58K -4.19K -1.21% $13.85 342K May 1, 2024 Direct
transaction HBAN Common Stock Tax liability -$70K -5.16K -1.51% $13.56 337K May 1, 2024 Direct
transaction HBAN Common Stock Sale -$101K -7.44K -2.21% $13.57 330K May 1, 2024 Direct
transaction HBAN Common Stock Tax liability -$126K -9.26K -2.81% $13.65 320K May 1, 2024 Direct
transaction HBAN Common Stock Tax liability -$200K -14.7K -4.6% $13.59 306K May 1, 2024 Direct
transaction HBAN Common Stock Tax liability -$200K -14.7K -4.82% $13.57 291K May 1, 2024 Direct
transaction HBAN Common Stock Sale -$153K -11.2K -3.83% $13.76 280K May 2, 2024 Direct F1
holding HBAN Common Stock 389K May 1, 2024 By Executive Deferred Compensation Plan F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HBAN Employee/Director Stock Option (Right to Buy) Options Exercise $0 -48.6K -100% $0.00* 0 May 1, 2024 Common Stock 48.6K $8.57 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The reported sale of shares occured automatically pursuant to a Rule 10b5-1 trading plan adopted by Mr. Syal on January 24, 2024.
F2 The filing of this statement shall not be construed as an admission that the undersigned is, for the purpose of Section 16 of the Securities and Exchange Act of 1934 or otherwise, the beneficial owner of the securities.