Huntington (HBAN) director adds 22,000 preferred depositary shares via LLC buys
Rhea-AI Filing Summary
Huntington Bancshares director James D. Rollins III reported a series of open-market purchases of the company’s preferred depositary shares, all held indirectly through an LLC. Across several trades on June 2–4, 2026, the LLC bought a total of 22,000 depositary shares of Huntington’s non-cumulative perpetual preferred stock.
The trades covered two series: the 4.50% Series H and the 5.50% Series L. Purchases of Series H included 11,127 depositary shares at $16.50 and additional shares around $16.46–$16.50. Series L deposits were bought at weighted-average prices around $20.30–$20.35, including 5,202 and 4,798 depositary shares. After these transactions, one line shows 10,000 Series L and another 12,000 Series H depositary shares held indirectly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 22,000 shares
Net Buy
6 txns
Insider
ROLLINS JAMES D III
Role
Director
Bought
22,000 shs ($401K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Dep Shares-int in 5.50% Ser L Non-Cum Perp Pref Stk | 4,798 | $20.30 | $97K |
| Purchase | Dep Shares-int in 4.50% Ser H Non-Cum Perp Pref Stk | 873 | $16.46 | $14K |
| Purchase | Dep Shares-int in 5.50% Ser L Non-Cum Perp Pref Stk | 5,202 | $20.35 | $106K |
| Purchase | Dep Shares-int in 4.50% Ser H Non-Cum Perp Pref Stk | 11,127 | $16.50 | $184K |
| holding | Dep Shares-int in 4.50% Ser H Non-Cum Perp Pref Stk | -- | -- | -- |
| holding | Dep Shares-int in 5.50% Ser L Non-Cum Perp Pref Stk | -- | -- | -- |
Holdings After Transaction:
Dep Shares-int in 4.50% Ser H Non-Cum Perp Pref Stk — 12,000 shares (Indirect, By LLC);
Dep Shares-int in 5.50% Ser L Non-Cum Perp Pref Stk — 10,000 shares (Indirect, By LLC);
Dep Shares-int in 4.50% Ser H Non-Cum Perp Pref Stk — 11,500 shares (Direct);
Dep Shares-int in 5.50% Ser L Non-Cum Perp Pref Stk — 9,500 shares (Direct)
Footnotes (2)
- F1. Price represents a weighted average of the purchase price. Shares were purchased at prices ranging from $16.49 to $16.50. Upon the request by the SEC staff, the Issuer, or a security holder of the Issuer, the reporting person will provide the full information about the number of shares purchased at each separate price.
- F2. Price represents a weighted average of the purchase price. Shares were purchased at prices ranging from $20.30 to $20.35. Upon the request by the SEC staff, the Issuer, or a security holder of the Issuer, the reporting person will provide the full information about the number of shares purchased at each separate price.
Key Figures
Total depositary shares bought: 22,000 shares
Series H purchase block: 11,127 shares at $16.50
Series H price range: $16.49–$16.50
+4 more
7 metrics
Total depositary shares bought
22,000 shares
Net open-market purchases across Series H and L
Series H purchase block
11,127 shares at $16.50
4.50% Series H non-cumulative perpetual preferred
Series H price range
$16.49–$16.50
Weighted-average purchase price range in footnote F1
Series L purchase block
5,202 shares at $20.35
5.50% Series L non-cumulative perpetual preferred
Series L purchase block
4,798 shares at $20.30
5.50% Series L non-cumulative perpetual preferred
Indirect Series L holdings
10,000 shares
Depositary shares following June 4, 2026 transaction
Indirect Series H holdings
12,000 shares
Depositary shares following June 3, 2026 transaction
Key Terms
open-market purchase, non-derivative, depositary shares, non-cumulative perpetual preferred stock, +1 more
5 terms
open-market purchase financial
"transaction_action: open-market purchase"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
non-derivative financial
"transaction_type: non-derivative"
non-cumulative perpetual preferred stock financial
"5.50% Ser L Non-Cum Perp Pref Stk"
Non-cumulative perpetual preferred stock is a type of investment that pays a fixed dividend forever, without a set end date. If the company skips some dividends in a year, you don’t get that money later, and it’s gone forever. It matters because investors get regular income but may miss out if the company faces financial trouble.
weighted average financial
"Price represents a weighted average of the purchase price."
A weighted average is a way of calculating an overall number when some items matter more than others by giving each item a different level of importance, or weight. Investors use weighted averages to combine figures like prices, returns or earnings so the result reflects the size or significance of each part — like grading a class where a final exam counts more than a quiz, producing a score that better represents true performance.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did HBAN director James D. Rollins III report?
He reported open-market purchases totaling 22,000 Huntington preferred depositary shares. The trades, dated June 2–4, 2026, involved the bank’s 4.50% Series H and 5.50% Series L non-cumulative perpetual preferred stock, all held indirectly through an LLC.
Which Huntington (HBAN) securities were bought in this Form 4 filing?
The filing covers depositary shares representing interests in Huntington’s 4.50% Series H and 5.50% Series L non-cumulative perpetual preferred stock. These are preferred, income-oriented securities rather than common stock, and all reported positions are held indirectly via an LLC.
Are the HBAN insider purchases held directly or indirectly?
All reported purchases are held indirectly through an LLC. The Form 4 labels these positions as indirect ownership with the notation “By LLC,” indicating that the depositary shares are owned via an entity associated with the reporting person.