Huntington Bancshares (HBAN) director awarded 903 deferred compensation shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Shea Teresa H reported acquisition or exercise transactions in this Form 4 filing.
Huntington Bancshares director Teresa H. Shea reported routine equity compensation rather than open-market trading. On April 28, 2026, she was credited with 902.858 shares of Common Stock at $0.0000 per share under the company’s Director Deferred Compensation Plan, reported as indirect ownership. A separate entry reflects 21,653.942 directly held shares as a holding record. The filing notes that this reporting is not an admission that she is the beneficial owner of the deferred compensation shares for Section 16 purposes.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Shea Teresa H
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 902.858 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 10,854.436 shares (Indirect, Director Deferred Compensation Plan);
Common Stock — 21,653.942 shares (Direct, null)
Footnotes (1)
- Reflects the quarterly share awards to Directors pursuant to the terms of the Directors' Deferred Compensation Plan. 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
Director award shares: 902.858 shares
Grant price per share: $0.0000 per share
Indirect holdings after grant: 10,854.436 shares
+2 more
5 metrics
Director award shares
902.858 shares
Grant under Director Deferred Compensation Plan on April 28, 2026
Grant price per share
$0.0000 per share
Equity compensation, not a cash purchase
Indirect holdings after grant
10,854.436 shares
Director Deferred Compensation Plan position following transaction
Directly held shares
21,653.942 shares
Direct Common Stock holdings shown in holding entry
Transaction date
April 28, 2026
Date of reported director share award and holdings
Key Terms
Director Deferred Compensation Plan, beneficial owner, Section 16
3 terms
Director Deferred Compensation Plan financial
"Reflects the quarterly share awards to Directors pursuant to the terms of the Directors' Deferred Compensation Plan."
beneficial owner regulatory
"shall not be construed as an admission that the undersigned is ... 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 or otherwise"
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.
FAQ
What insider transaction did HBAN director Teresa H. Shea report?
Teresa H. Shea reported receiving 902.858 shares of Huntington Bancshares Common Stock as a quarterly equity award. The shares were credited at $0.0000 per share to a Director Deferred Compensation Plan account, reflecting routine non-cash director compensation rather than an open-market purchase.
Was the HBAN Teresa H. Shea Form 4 a stock purchase or sale?
The Form 4 shows an acquisition as a grant, not a market trade. Shea received 902.858 shares at $0.0000 per share under a Director Deferred Compensation Plan, so there were no open-market buys or sells and no cash price paid per share in this filing.
What is the Director Deferred Compensation Plan mentioned in the HBAN filing?
The Director Deferred Compensation Plan is the program through which Huntington Bancshares grants quarterly share awards to its directors. In this filing, 902.858 shares were credited to Teresa H. Shea’s plan account as compensation, reported as indirect ownership rather than a cash purchase of stock.