Huntington Bancshares (HBAN) SVP receives 71,596 RSUs vesting over time
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Standridge Brantley J reported acquisition or exercise transactions in this Form 4 filing.
Huntington Bancshares senior executive vice president Brantley J. Standridge received an equity award in the form of restricted stock units. The grant covers 71,596 units of common stock at no cash cost, increasing his directly held stake to 382,581.35 shares. The award vests in two equal installments, with 50% vesting on the third anniversary of the grant date and the remaining 50% on the fourth anniversary.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Standridge Brantley J
Role
Senior Exec. V.P.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 71,596 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 382,581.35 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did HBAN executive Brantley Standridge report?
Brantley J. Standridge, a senior executive vice president at Huntington Bancshares, reported receiving a grant of restricted stock units. The award represents 71,596 units of common stock, issued at no cash cost, as part of his equity-based compensation package.
What is the vesting schedule for Brantley Standridge’s HBAN restricted stock units?
The restricted stock units vest in two equal installments. According to the filing, 50% of the units vest on the third anniversary of the grant date, and the remaining 50% vest on the fourth anniversary, aligning the award with longer-term service and performance.
What is Brantley Standridge’s ownership in HBAN after this equity award?
Following the restricted stock unit grant, Brantley Standridge’s directly held interest in Huntington Bancshares common stock is reported as 382,581.35 shares. This total reflects his holdings after the award, highlighting his ongoing equity exposure as a senior executive.
What transaction code is used in the HBAN Form 4 and what does it mean?
The transaction is coded “A” on the Form 4, which denotes a grant, award, or other acquisition. In this case, it refers to an equity compensation award of restricted stock units, rather than a market purchase or sale of existing Huntington Bancshares shares.