Huntington Bancshares (HBAN) director Jeffrey Tate receives new stock awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tate Jeffrey L. reported acquisition or exercise transactions in this Form 4 filing.
Huntington Bancshares director Jeffrey L. Tate received stock-based compensation rather than buying shares on the market. On April 1, 2026, he was granted 503.864 shares of common stock directly and 49.598 shares credited to a Director Deferred Compensation Plan, both at no cash cost.
After these awards, Tate directly held 113,614.853 common shares and had 5,158.695 shares credited in the deferred compensation arrangement. A footnote states that the filing should not be taken as an admission that he is the beneficial owner of all reported securities.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Tate Jeffrey L.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 503.864 | $0.00 | -- |
| Grant/Award | Common Stock | 49.598 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 113,614.853 shares (Direct);
Common Stock — 5,158.695 shares (Indirect, Director Deferred Compensation Plan)
Footnotes (1)
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Key Figures
Direct shares granted: 503.864 shares
Deferred plan shares granted: 49.598 shares
Direct holdings after transaction: 113,614.853 shares
+2 more
5 metrics
Direct shares granted
503.864 shares
Common Stock award on April 1, 2026
Deferred plan shares granted
49.598 shares
Credited to Director Deferred Compensation Plan on April 1, 2026
Direct holdings after transaction
113,614.853 shares
Common Stock directly owned after April 1, 2026 grants
Indirect holdings after transaction
5,158.695 shares
Common Stock credited in Director Deferred Compensation Plan
Grant price per share
$0.0000 per share
Reported transaction price for both A-code awards
Key Terms
Director Deferred Compensation Plan, beneficial owner, Section 16 of the Securities and Exchange Act of 1934
3 terms
Director Deferred Compensation Plan financial
"nature_of_ownership: "Director Deferred Compensation 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 or otherwise"
FAQ
What did Jeffrey L. Tate report in this HBAN Form 4 filing?
Jeffrey L. Tate reported stock awards, not market purchases or sales. He received 503.864 Huntington Bancshares common shares directly and 49.598 shares credited to a Director Deferred Compensation Plan, both at no cash cost, as compensation on April 1, 2026.
What is the Director Deferred Compensation Plan mentioned in the HBAN filing?
The Director Deferred Compensation Plan is an arrangement where director compensation is credited in stock units. In this filing, 49.598 Huntington Bancshares common shares are reported as indirectly owned by Jeffrey L. Tate through this plan, separate from his directly held 113,614.853 shares.