Huntington Bancshares (HBAN) exec awarded shares, portion withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Huntington Bancshares Senior Exec. V.P. Brantley J. Standridge reported a stock-based compensation event involving performance share units. He acquired 131,430.643 shares of common stock at no cost, earned for the 2023-2025 performance share unit award cycle. On the same date, 58,619 shares were withheld at $16.12 per share to cover associated tax liabilities upon vesting. After these transactions, he directly holds 455,392.993 common shares. The disposition reflects tax withholding rather than an open-market sale, indicating a routine compensation and tax-settlement event.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Standridge Brantley J
Role
Senior Exec. V.P.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 131,430.643 | $0.00 | -- |
| Tax Withholding | Common Stock | 58,619 | $16.12 | $945K |
Holdings After Transaction:
Common Stock — 514,011.993 shares (Direct)
Footnotes (1)
- Shares earned for the 2023-2025 performance share unit (PSU) award cycle. Shares were withheld to cover the associated tax liability upon the vesting of performance share units.
FAQ
What did HBAN executive Brantley Standridge report in this Form 4 filing?
Brantley J. Standridge reported a stock-based compensation event. He received 131,430.643 Huntington Bancshares common shares from a performance share unit award and had 58,619 shares withheld to cover taxes, leaving him with 455,392.993 directly held shares.
Were Brantley Standridge’s HBAN transactions open-market buys or sells?
The transactions were not open-market trades. Standridge received shares as a grant from the 2023-2025 performance share unit cycle, and a separate entry shows shares withheld at $16.12 each to pay tax liabilities upon vesting, rather than discretionary market sales.