Huntington Bancshares (NASDAQ: HBAN) grants shares to payments chief
Rhea-AI Filing Summary
Huntington Bancshares Chief Enterprise Payments Officer Amit Dhingra reported routine equity compensation activity in company common stock. He received a grant of 21,552.85 shares earned for the 2023-2025 performance share unit award cycle, with no cash paid for the shares. To cover associated tax liabilities upon vesting, 9,829 shares were withheld at a price of $16.12 per share, which is not an open-market sale. After these transactions, he directly holds 180,706.785 common shares and indirectly holds 7,084.794 shares through the issuer's Supplemental Stock Purchase and Tax Savings Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 11,723.85 shares
Net Buy
3 txns
Insider
Dhingra Amit
Role
Chief Enterprise Pmts Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 21,552.85 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 9,829 | $16.12 | $158K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 180,706.785 shares (Direct);
Common Stock — 7,084.794 shares (Indirect, By Issuer's Supplemental Stock Purchase and Tax Savings Plan)
Footnotes (3)
- F1. Shares earned for the 2023-2025 performance share unit (PSU) award cycle.
- F2. Shares were withheld to cover the associated tax liability upon the vesting of performance share units.
- 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.
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FAQ
What did HBAN executive Amit Dhingra report in this Form 4 filing?
Amit Dhingra reported a routine equity compensation event. He received 21,552.85 Huntington Bancshares common shares from a performance share unit cycle, and 9,829 shares were withheld at $16.12 to satisfy tax obligations related to the vesting.
How are indirect holdings reported for Amit Dhingra in the HBAN Form 4?
Indirect holdings are reported separately from direct ownership. The filing shows 7,084.794 common shares held indirectly through the issuer's Supplemental Stock Purchase and Tax Savings Plan, with that plan listed as the nature of ownership.