Huntington Bancshares (HBAN) CFO receives 66,293-share RSU award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Wasserman Zachary Jacob reported acquisition or exercise transactions in this Form 4 filing.
Huntington Bancshares Chief Financial Officer and Senior Executive Vice President Zachary Jacob Wasserman reported an equity award of 66,293 shares of common stock in the form of restricted stock units. The award vests in two equal installments, 50% on the third anniversary of the grant date and 50% on the fourth anniversary. Following this grant, his directly owned common stock holdings total 315,595.451 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wasserman Zachary Jacob
Role
CFO and Senior Exec. V.P.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 66,293 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 315,595.451 shares (Direct)
Footnotes (1)
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FAQ
What did HBAN CFO Zachary Wasserman report in this Form 4 filing?
He reported receiving an award of 66,293 restricted stock units in Huntington Bancshares common stock. These units will be released in shares according to a multi-year vesting schedule described in the filing’s footnote.
What is the vesting schedule for the HBAN CFO’s restricted stock units?
The restricted stock units vest in two equal installments. According to the disclosure, 50% vest on the third anniversary of the grant date and the remaining 50% vest on the fourth anniversary.
Is the HBAN CFO’s reported transaction a purchase or an award?
The transaction is reported as a grant or award acquisition, not an open-market purchase. It consists of restricted stock units that will be released as common shares over time according to the specified vesting schedule.
What type of security was involved in the HBAN CFO’s Form 4 transaction?
The transaction involved Huntington Bancshares common stock delivered through restricted stock units. These units represent the right to receive shares of common stock as they vest on the third and fourth anniversaries of the grant date.