Huntington Bancshares (HBAN) payments chief receives stock awards and boosts holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Huntington Bancshares Chief Enterprise Payments Officer Amit Dhingra reported compensation-related acquisitions of company stock. He received 677.783 shares of common stock at no cost, bringing his direct holdings to 181,384.568 shares.
He also acquired 68.797 additional common shares indirectly through the issuer's Supplemental Stock Purchase and Tax Savings Plan, increasing those indirect holdings to 7,153.591 shares. A footnote states the filing should not be construed as an admission of beneficial ownership of these securities.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Dhingra Amit
Role
Chief Enterprise Pmts Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 677.783 | $0.00 | -- |
| Grant/Award | Common Stock | 68.797 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 181,384.568 shares (Direct);
Common Stock — 7,153.591 shares (Indirect, By Issuer's Supplemental Stock Purchase and Tax Savings Plan)
Footnotes (1)
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Key Figures
Direct shares granted: 677.783 shares
Indirect shares granted: 68.797 shares
Direct holdings after: 181,384.568 shares
+2 more
5 metrics
Direct shares granted
677.783 shares
Common Stock grant at $0.0000 per share on 2026-04-01
Indirect shares granted
68.797 shares
Common Stock via Supplemental Stock Purchase and Tax Savings Plan
Direct holdings after
181,384.568 shares
Total direct HBAN common stock after reported grants
Indirect holdings after
7,153.591 shares
Held via issuer's Supplemental Stock Purchase and Tax Savings Plan
Grant price
$0.0000 per share
Reported transaction price for awarded common stock
Key Terms
Grant, award, or other acquisition, Supplemental Stock Purchase and Tax Savings Plan, beneficial owner, Section 16 of the Securities and Exchange Act of 1934
4 terms
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
Supplemental Stock Purchase and Tax Savings Plan financial
"By Issuer's Supplemental Stock Purchase and Tax Savings Plan"
beneficial owner regulatory
"shall 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"
FAQ
What insider transactions did HBAN executive Amit Dhingra report on this Form 4?
Amit Dhingra reported acquiring Huntington Bancshares common stock through compensation awards. He received 677.783 shares directly at no cost and 68.797 shares indirectly via the issuer's Supplemental Stock Purchase and Tax Savings Plan, increasing both his direct and plan-related holdings.
Were Amit Dhingra’s HBAN stock acquisitions open-market purchases?
No, the HBAN shares reported were not open-market purchases. The transactions are classified as grants or awards, with a transaction price of $0.0000 per share, indicating compensation-related stock awards rather than shares bought on the open market.
What does the indirect ownership in HBAN’s Supplemental Stock Purchase and Tax Savings Plan mean?
Indirect ownership indicates shares are held for Amit Dhingra within Huntington Bancshares’ Supplemental Stock Purchase and Tax Savings Plan. The plan account now reflects 7,153.591 shares, separate from his directly held 181,384.568 shares of company common stock reported in the Form 4.