Huntington Bancshares (HBAN) CIO has 6,719 shares withheld for taxes
Rhea-AI Filing Summary
Huntington Bancshares executive Kendall A. Kowalski, the Chief Information Officer, reported an automatic tax-related share withholding. On the vesting of a restricted stock unit award, 6,719 shares of common stock were withheld at $16.80 per share to satisfy tax withholding obligations, rather than sold in the open market. After this tax-withholding disposition, Kowalski directly holds 63,432 shares of Huntington Bancshares common stock and indirectly holds 6,784 shares through the issuer's Supplemental Stock Purchase and Tax Savings Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Kowalski Kendall A
Role
Chief Information Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 6,719 | $16.80 | $113K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 63,432.304 shares (Direct);
Common Stock — 6,783.544 shares (Indirect, By Issuer's Supplemental Stock Purchase and Tax Savings Plan)
Footnotes (1)
- Reflects shares withheld to satisfy reporting person's tax withholding obligation upon the vesting of a restricted stock unit award. 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did HBAN executive Kendall Kowalski report?
Kendall Kowalski reported an automatic tax-withholding disposition of 6,719 Huntington Bancshares common shares. The shares were withheld upon vesting of a restricted stock unit award to cover tax obligations, rather than being sold in an open-market transaction.
Was Kendall Kowalski’s HBAN Form 4 a stock sale or tax withholding?
The Form 4 reflects tax withholding, not a discretionary stock sale. 6,719 shares were withheld to satisfy Kowalski’s tax obligation when restricted stock units vested, consistent with transaction code F for payment of tax liability using shares.
Does Kendall Kowalski’s HBAN Form 4 indicate a change in insider sentiment?
The filing shows an automatic tax-withholding event, not a voluntary stock sale or purchase. Shares were withheld when restricted stock units vested, a routine administrative transaction that does not, by itself, clearly signal a change in insider sentiment.