Huntington Bancshares (HBAN) COO granted 19,225 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nateri Prashant reported acquisition or exercise transactions in this Form 4 filing.
Huntington Bancshares Chief Corporate Operations Officer Prashant Nateri received a grant of 19,225 restricted stock units that will be settled in common stock. The award vests in two equal parts, with 50% vesting on the third anniversary of the grant date and 50% on the fourth anniversary. Following this equity award, his directly held common stock position is reported at 86,440.573 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Nateri Prashant
Role
Chief Corp Operations Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 19,225 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 86,440.573 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did HBAN executive Prashant Nateri report on this Form 4?
Prashant Nateri reported receiving an equity award of 19,225 restricted stock units tied to Huntington Bancshares common stock. These units represent a compensation grant, not an open-market purchase, and will convert into shares of common stock as they vest over time.
What type of security was granted to HBAN executive Prashant Nateri?
The transaction involves an award of restricted stock units that will be released in shares of Huntington Bancshares common stock. Restricted stock units are a form of equity compensation that convert into actual shares only as specific vesting conditions are satisfied over time.
What is the vesting schedule for Prashant Nateri’s 19,225 restricted stock units at HBAN?
The 19,225 restricted stock units vest in two equal installments. According to the disclosure, 50% of the units vest on the third anniversary of the grant date and the remaining 50% vest on the fourth anniversary, spreading the equity compensation over several years.
Was any cash paid for the restricted stock units granted to HBAN’s Prashant Nateri?
The reported transaction lists a price per share of $0.0000, indicating the restricted stock units were granted as compensation rather than purchased for cash. The units will convert into shares of Huntington Bancshares common stock as they vest in future years.
Is Prashant Nateri’s ownership in HBAN reported as direct or indirect on this Form 4?
The Form 4 indicates that Prashant Nateri’s reported holdings are owned directly, with the ownership code marked as “D.” This means the shares and the associated restricted stock unit award are attributed to him personally rather than to an intermediary entity or related account.