Huntington Bancshares (HBAN) officer has shares withheld to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Huntington Bancshares executive Prashant Nateri reported a small share disposition tied to taxes, not an open-market trade. On a Form 4, he disclosed that 2,762 shares of common stock at $16.80 per share were withheld to cover tax obligations upon vesting of a restricted stock unit award, leaving him with 67,215.573 shares held directly.
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 |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,762 | $16.80 | $46K |
Holdings After Transaction:
Common Stock — 67,215.573 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did HBAN executive Prashant Nateri report?
Prashant Nateri reported a tax-related share disposition, not an open-market sale. On the Form 4, 2,762 shares of Huntington Bancshares common stock were withheld to satisfy tax obligations when a restricted stock unit award vested.
Was Prashant Nateri’s HBAN transaction an open-market sale?
No, the transaction was not an open-market sale. The Form 4 notes code F, indicating shares were withheld by the issuer solely to satisfy Prashant Nateri’s tax withholding obligation upon vesting of a restricted stock unit award.
What does transaction code F mean on the HBAN Form 4 filing?
Transaction code F on the Huntington Bancshares Form 4 indicates a tax-withholding disposition. It shows that shares were delivered or withheld to pay exercise price or tax liabilities, rather than being bought or sold in the open market.