Huntington Bancshares (HBAN) director awarded additional common stock
Rhea-AI Filing Summary
Huntington Bancshares director Katherine M. A. Kline received additional common stock as part of her compensation. On April 1, she was granted 873.994 shares of common stock directly at no cash cost, increasing her direct holdings to 90,416.380 shares.
She also acquired 48.269 common shares credited to a Director Deferred Compensation Plan, bringing her indirect holdings through that plan to 5,020.427 shares. These awards are compensation-related grants rather than open‑market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 922.263 shares
Net Buy
2 txns
Insider
Kline Katherine M. A.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 873.994 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 48.269 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 90,416.38 shares (Direct);
Common Stock — 5,020.427 shares (Indirect, Director Deferred Compensation Plan)
Footnotes (1)
- F1. 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
Direct stock grant: 873.994 shares
Indirect stock grant: 48.269 shares
Direct holdings after grant: 90,416.380 shares
+2 more
5 metrics
Direct stock grant
873.994 shares
Common Stock grant to director on April 1
Indirect stock grant
48.269 shares
Common Stock credited to Director Deferred Compensation Plan
Direct holdings after grant
90,416.380 shares
Total direct Common Stock owned following April 1 awards
Indirect holdings after grant
5,020.427 shares
Common Stock held indirectly via Director Deferred Compensation Plan
Grant price per share
$0.0000 per share
Non-cash equity awards to director
Key Terms
Director Deferred Compensation Plan, Grant, award, or other acquisition, beneficial owner, Section 16
4 terms
Director Deferred Compensation Plan financial
"nature_of_ownership": "Director Deferred Compensation Plan"
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition"
beneficial owner regulatory
"the beneficial owner of the securities."
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 regulatory
"for the purpose of Section 16 of the Securities and Exchange Act of 1934"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What is the Director Deferred Compensation Plan mentioned in the HBAN Form 4?
The Director Deferred Compensation Plan is an arrangement where equity awards are credited indirectly for a director. In this Form 4, 48.269 Huntington Bancshares common shares were allocated to Katherine Kline under this plan, contributing to her 5,020.427 total indirect holdings.
Does the HBAN Form 4 indicate any stock sales by Katherine Kline?
The Form 4 does not report any stock sales by Katherine Kline. It only shows two acquisition transactions coded “A” for grants or awards, adding to her direct and indirect common stock holdings as part of director compensation.