Huntington Bancshares (HBAN) SVP granted 3,977 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Huntington Bancshares executive Donnell R. White, Chief DEI Officer and SVP, reported an equity compensation grant of 3,977 shares of common stock in the form of restricted stock units. The award has no cash exercise price and will be settled in shares of common stock.
According to the terms, the restricted stock units vest in two equal installments, with 50% vesting on the third anniversary of the grant date and 50% on the fourth anniversary. After this grant, White directly holds 27,638.786 shares of common stock, and indirectly holds 1,201.810 shares through the issuer’s 401(k) investment and tax savings plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
White Donnell R
Role
Chief DEI Officer, SVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,977 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 27,638.786 shares (Direct);
Common Stock — 1,201.81 shares (Indirect, By Issuer's Investment and Tax Savings Plan (401(k) Plan))
Footnotes (1)
- An award of restricted stock units, to be released in shares of common stock, that vests in two equal installments: 50% on the third anniversary of the date of grant and 50% on the fourth anniversary of the date of grant. 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.
FAQ
What insider transaction did HBAN executive Donnell R. White report?
Donnell R. White reported an equity compensation grant of 3,977 restricted stock units in Huntington Bancshares common stock. These units are a non-cash award that will be settled in shares, reflecting part of his long-term incentive compensation package.
How do Donnell R. White’s new restricted stock units at HBAN vest?
The 3,977 restricted stock units vest in two equal installments: 50% on the third anniversary of the grant date and 50% on the fourth anniversary. This multi-year vesting schedule is designed to align the executive’s incentives with longer-term company performance.
What is the role of the 401(k) plan in Donnell R. White’s HBAN holdings?
The Form 4 shows 1,201.810 Huntington Bancshares shares held indirectly via the issuer’s Investment and Tax Savings Plan (401(k) Plan). These shares represent retirement-plan investments, distinct from his directly held shares and the newly granted restricted stock units.