Helga Houston of Huntington Bancshares (HBAN) reports tax-related share withholding
Rhea-AI Filing Summary
Huntington Bancshares senior executive Helga Houston reported a routine tax-related share disposition. On the Form 4, 21,283 shares of common stock were withheld at $16.80 per share to cover her tax withholding obligation when a restricted stock unit award vested. After this tax-withholding disposition, she directly owned 495,663.935 common shares. The filing also updates indirect holdings held through an Executive Deferred Compensation Plan, totaling 407,557.787 shares, and through the Issuer's Supplemental Stock Purchase and Tax Savings Plan, totaling 19,556.947 shares; these reflect plan-related positions rather than open-market trades.
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Insider Trade Summary
Net Seller: 21,283 shares
Net Sell
3 txns
Insider
Houston Helga
Role
Senior Exec. V. P.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 21,283 | $16.80 | $358K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 495,663.935 shares (Direct);
Common Stock — 407,557.787 shares (Indirect, By Executive Deferred Compensation Plan);
Common Stock — 19,556.947 shares (Indirect, By Issuer's Supplemental Stock Purchase and Tax Savings Plan)
Footnotes (3)
- F1. Reflects shares withheld to satisfy reporting person's tax withholding obligation upon the vesting of a restricted stock unit award.
- F2. Reflects the transfer of shares from directly-owned to the Executive Deferred Compensation Plan.
- F3. The filing of this statement shall not be construed as an admission that the undersigned is, for the purpose of Section 16 of the Securities and Exchange Act of 1934 or otherwise, the beneficial owner of the securities.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
Was Helga Houston’s HBAN transaction an open-market sale?
No, the Form 4 describes a tax-withholding disposition, not an open-market sale. The 21,283 shares were withheld by the company to cover her tax obligations when a restricted stock unit award vested, a common administrative transaction.
What indirect HBAN holdings does Helga Houston report on this Form 4?
Helga Houston reports indirect ownership of 407,557.787 Huntington Bancshares shares through an Executive Deferred Compensation Plan and 19,556.947 shares through the Issuer's Supplemental Stock Purchase and Tax Savings Plan, reflecting plan-based positions rather than direct brokerage accounts.
Does the Form 4 change Helga Houston’s beneficial ownership status in HBAN?
The filing updates direct and indirect share totals but includes language that it should not be construed as an admission of beneficial ownership under Section 16. This is a standard legal disclaimer regarding how ownership may be interpreted.