Huntington Bancshares (HBAN) EVP sells 19,425 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Huntington Bancshares Senior Executive Vice President Scott D. Kleinman reported an open-market sale of common stock. He sold 19,425 shares of Huntington Bancshares common stock at a price of $16.20 per share on June 1, 2026, in a transaction coded as an open-market sale.
After this sale, Kleinman directly held 464,336.185 common shares and indirectly held 362.563 shares through the issuer's Supplemental Stock Purchase and Tax Savings Plan. The filing notes that the sales occurred automatically under a Rule 10b5-1 trading plan adopted on December 5, 2025, indicating they were pre-scheduled rather than discretionary trades.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 19,425 shares ($314,685)
Net Sell
2 txns
Insider
Kleinman Scott D
Role
Senior Exec. V.P.
Sold
19,425 shs ($315K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 19,425 | $16.20 | $315K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 464,336.185 shares (Direct, null);
Common Stock — 362.563 shares (Indirect, By Issuer's Supplemental Stock Purchase and Tax Savings Plan)
Footnotes (1)
- Sales occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by Mr. Kleinman on December 5, 2025. 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.
Key Figures
Shares sold: 19,425 shares
Sale price per share: $16.20 per share
Direct holdings after sale: 464,336.185 shares
+2 more
5 metrics
Shares sold
19,425 shares
Open-market sale of common stock on June 1, 2026
Sale price per share
$16.20 per share
Price for the 19,425 common shares sold
Direct holdings after sale
464,336.185 shares
Common stock directly owned following the transaction
Indirect holdings after update
362.563 shares
Held via Supplemental Stock Purchase and Tax Savings Plan
Net share change
19,425 shares net-sell
Transaction summary net buy/sell direction
Key Terms
Rule 10b5-1 trading plan, Section 16, Supplemental Stock Purchase and Tax Savings Plan, open-market sale
4 terms
Rule 10b5-1 trading plan financial
"Sales occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by Mr. Kleinman on December 5, 2025."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Section 16 regulatory
"for the purpose of Section 16 of the Securities and Exchange Act of 1934 or otherwise"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
Supplemental Stock Purchase and Tax Savings Plan financial
"By Issuer's Supplemental Stock Purchase and Tax Savings Plan"
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transaction did HBAN executive Scott D. Kleinman report?
Scott D. Kleinman reported an open-market sale of 19,425 Huntington Bancshares common shares at $16.20 per share. The transaction occurred on June 1, 2026 and was coded as a standard sale in the Form 4 filing.
Was Scott D. Kleinman’s HBAN stock sale under a Rule 10b5-1 plan?
Yes. The Form 4 footnote states the sales occurred automatically under a Rule 10b5-1 trading plan adopted by Scott D. Kleinman on December 5, 2025. Such plans pre-schedule trades to reduce the influence of inside information.