Huntington (HBAN) director Kenneth Phelan receives new stock awards
Rhea-AI Filing Summary
Huntington Bancshares director Kenneth J. Phelan reported stock awards rather than market trades. On the reported date, he acquired 913.526 shares of common stock directly and 527.295 shares through a Director Deferred Compensation Plan, both at a price of $0.00 per share as compensation.
After these awards, his direct holdings rose to 107,649.142 shares of common stock, and his indirect holdings through the deferred compensation plan totaled 62,145.621 shares. A separate indirect position of 40,000 shares is held by a trust, and the filing includes a disclaimer that the reporting person is not necessarily the beneficial owner of all such securities.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,440.821 shares
Net Buy
3 txns
Insider
Phelan Kenneth J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 913.526 | $0.00 | -- |
| Grant/Award | Common Stock | 527.295 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 107,649.142 shares (Direct);
Common Stock — 62,145.621 shares (Indirect, Director Deferred Compensation Plan);
Common Stock — 40,000 shares (Indirect, by Trust)
Footnotes (1)
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Key Figures
Direct stock award: 913.526 shares
Deferred plan award: 527.295 shares
Direct holdings after award: 107,649.142 shares
+3 more
6 metrics
Direct stock award
913.526 shares
Common Stock grant at $0.00 per share
Deferred plan award
527.295 shares
Director Deferred Compensation Plan grant at $0.00 per share
Direct holdings after award
107,649.142 shares
Common Stock held directly following transactions
Deferred plan holdings
62,145.621 shares
Common Stock held through Director Deferred Compensation Plan
Trust holdings
40,000 shares
Common Stock held indirectly by trust
Award price
$0.00 per share
Price for reported stock awards
Key Terms
Common Stock, Director Deferred Compensation Plan, beneficial owner, Section 16 of the Securities and Exchange Act of 1934
4 terms
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.
Director Deferred Compensation Plan financial
"nature_of_ownership": "Director Deferred Compensation Plan""
beneficial owner regulatory
"not be construed as an admission that the undersigned is... the beneficial owner of the securities"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
Section 16 of the Securities and Exchange Act of 1934 regulatory
"for the purpose of Section 16 of the Securities and Exchange Act of 1934 or otherwise"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did HBAN director Kenneth J. Phelan report in this Form 4 filing?
Kenneth J. Phelan reported the receipt of stock awards, not open-market trades. He acquired 913.526 Huntington Bancshares common shares directly and 527.295 shares through a Director Deferred Compensation Plan, both at $0.00 per share as part of his director compensation.
What indirect HBAN holdings does Kenneth J. Phelan have through plans and trusts?
Following these transactions, Phelan has 62,145.621 Huntington Bancshares shares held indirectly through a Director Deferred Compensation Plan and 40,000 shares held indirectly by a trust. The filing notes these positions separately from his directly owned common shares.