Huntington director receives 10,523-share stock award
Huntington Bancshares director Kenneth J. Phelan received an equity award linked to 10,523 shares of Common Stock.
Rhea-AI Filing Summary
Huntington Bancshares director Kenneth J. Phelan received an equity award linked to 10,523 shares of Common Stock. The Form 4 classifies this as a grant or other acquisition at a price of $0.0000 per share, indicating compensation rather than an open-market purchase.
Following the award, Phelan directly holds 106,735.616 shares of Huntington Bancshares Common Stock. He also has indirect holdings reported as 61,618.326 shares through a Director Deferred Compensation Plan and 40,000 shares held by a trust. A footnote explains the award consists of deferred stock units, with underlying shares deliverable six months after he separates from service as a director.
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Insider Trade Summary
Grant/Award: 10,523 shares
Grant/Award
3 txns
Insider
Phelan Kenneth J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 10,523 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 106,735.616 shares (Direct);
Common Stock — 40,000 shares (Indirect, by Trust);
Common Stock — 61,618.326 shares (Indirect, Director Deferred Compensation Plan)
Footnotes (2)
- F1. An award of deferred stock units - the underlying shares are deliverable to the Reporting Person six months following separation from service as a director.
- F2. 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.
Key Figures
Equity award: 10,523 shares
Direct holdings after award: 106,735.616 shares
Deferred compensation holdings: 61,618.326 shares
+2 more
5 metrics
Equity award
10,523 shares
Grant, award, or other acquisition of Common Stock at $0.0000 per share
Direct holdings after award
106,735.616 shares
Common Stock directly held by Kenneth J. Phelan following the reported transaction
Deferred compensation holdings
61,618.326 shares
Indirect holdings through Director Deferred Compensation Plan
Trust holdings
40,000 shares
Indirect ownership reported as held by trust
Award price per share
$0.0000 per share
Reported price for the grant, indicating compensation rather than market purchase
Key Terms
deferred stock units, Director Deferred Compensation Plan, beneficial owner, Section 16 of the Securities and Exchange Act of 1934
4 terms
deferred stock units financial
"An award of deferred stock units - the underlying shares are deliverable..."
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
Director Deferred Compensation Plan financial
"nature_of_ownership: "Director Deferred Compensation Plan""
beneficial owner financial
"shall not be construed as an admission that the undersigned is... the beneficial owner"
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How are Kenneth J. Phelan’s indirect HBAN holdings structured in this Form 4?
The filing lists two categories of indirect holdings: 61,618.326 shares through a Director Deferred Compensation Plan and 40,000 shares held by a trust. These positions are reported as indirect ownership, separate from his directly held Common Stock.
What does the deferred stock units footnote mean for Kenneth J. Phelan’s HBAN award?
A footnote states the award consists of deferred stock units, with underlying shares delivered six months after Phelan’s separation from service as a director. This means he generally receives the actual Huntington Bancshares shares only after leaving the board.
Does Kenneth J. Phelan claim full beneficial ownership of all reported HBAN securities?
One footnote clarifies the statement should not be construed as an admission that Kenneth J. Phelan is the beneficial owner of the securities for Section 16 or other purposes. This is a standard disclaimer commonly used in insider ownership reports.
AI-generated analysis. How Rhea-AI works. Not financial advice.
