Huntington Bancshares (HBAN) EVP has 12,993 shares withheld for RSU tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Huntington Bancshares senior executive Brantley J. Standridge reported a tax-related share disposition tied to restricted stock vesting. On the transaction date, 12,993 shares of common stock were withheld at $16.38 per share to cover his tax withholding obligation upon the vesting of a restricted stock unit award. After this non-market transaction, he directly holds 445,329.847 shares of Huntington Bancshares common stock.
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 |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 12,993 | $16.38 | $213K |
Holdings After Transaction:
Common Stock — 445,329.847 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for tax: 12,993 shares
Withholding price per share: $16.38 per share
Shares owned after transaction: 445,329.847 shares
3 metrics
Shares withheld for tax
12,993 shares
Withheld to satisfy tax obligation on RSU vesting
Withholding price per share
$16.38 per share
Value used for tax-withholding share calculation
Shares owned after transaction
445,329.847 shares
Direct common stock holdings following tax withholding
Key Terms
restricted stock unit, tax withholding obligation, Form 4
3 terms
restricted stock unit financial
"upon the vesting of a restricted stock unit award."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
tax withholding obligation financial
"shares withheld to satisfy reporting person's tax withholding obligation"
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did HBAN executive Brantley J. Standridge report in this Form 4 transaction?
Brantley J. Standridge reported a tax-related share disposition, where 12,993 Huntington Bancshares common shares were withheld at $16.38 each to satisfy his tax withholding obligation when a restricted stock unit award vested, rather than an open-market sale of shares.
What does transaction code “F” mean in this HBAN Form 4 filing?
Transaction code “F” indicates shares were disposed of to pay an exercise price or tax liability. Here, 12,993 Huntington Bancshares shares were withheld to satisfy Brantley J. Standridge’s tax withholding obligation related to the vesting of a restricted stock unit award.