Quarterly stock award credited to Huntington (NASDAQ: HBAN) director Sit
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sit Roger J reported acquisition or exercise transactions in this Form 4 filing.
Huntington Bancshares director Roger J. Sit reported a compensation-related stock award rather than an open-market trade. On the reported date, he was credited with 1,880.955 shares of common stock at $0.0000 per share under the Director Deferred Compensation Plan.
This award increased his indirect balance in the deferred compensation plan to 48,169.219 shares of Huntington common stock. The filing also lists additional direct and indirect positions, including shares held directly and through various trusts and an investment entity, while noting that the statement does not constitute an admission of beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Sit Roger J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,880.955 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 48,169.219 shares (Indirect, Director Deferred Compensation Plan);
Common Stock — 196,294.536 shares (Direct, null)
Footnotes (1)
- Reflects the quarterly share awards to Directors pursuant to the terms of the Directors' Deferred Compensation Plan. 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.
Key Figures
Quarterly stock award: 1,880.955 shares
Award price: $0.0000 per share
Deferred plan balance: 48,169.219 shares
+4 more
7 metrics
Quarterly stock award
1,880.955 shares
Grant under Director Deferred Compensation Plan
Award price
$0.0000 per share
Director Deferred Compensation Plan credit
Deferred plan balance
48,169.219 shares
Indirect holdings after award in Director Deferred Compensation Plan
Direct holdings
196,294.536 shares
Common stock held directly after reported date
Trust holdings
4,713 shares
Common stock held indirectly by Trust
Sit Investment Associates holdings
152,572 shares
Common stock held indirectly by Sit Investment Associates
Richard A. Sit Trust holdings
22,921 shares
Common stock held indirectly by Richard A. Sit Trust
Key Terms
Director Deferred Compensation Plan, grant/award acquisition, Section 16, indirect ownership, +1 more
5 terms
Director Deferred Compensation Plan financial
"Reflects the quarterly share awards to Directors pursuant to the terms of the Directors' Deferred Compensation Plan."
grant/award acquisition financial
"transaction_action": "grant/award acquisition""
Section 16 regulatory
"for the purpose of Section 16 of the Securities and Exchange Act of 1934 or otherwise"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
indirect ownership financial
""ownership_type": "indirect""
Common Stock financial
""security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What is the Director Deferred Compensation Plan mentioned in the HBAN Form 4?
The Director Deferred Compensation Plan credits Huntington directors with stock-based awards instead of immediate cash. In this filing, it reflects a quarterly share award to Roger J. Sit, adding 1,880.955 shares and raising his plan balance to 48,169.219 shares of common stock.