Huntington Bancshares (NASDAQ: HBAN) director receives stock awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Huntington Bancshares director John C. Inglis reported stock awards rather than open-market purchases. On April 1, 2026, he received 1,059.0094 shares of Common Stock directly at a stated price of $0.00 per share, classified as a grant or award.
On the same date he also acquired 21.8150 Common Stock shares indirectly through a Director Deferred Compensation Plan, also as a grant or award. Following these transactions, his reported holdings were 99,888.7682 shares held directly and 2,269.0060 shares held indirectly via the plan. A footnote states the filing should not be construed as an admission of beneficial ownership under Section 16.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Inglis John C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,059.009 | $0.00 | -- |
| Grant/Award | Common Stock | 21.815 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 99,888.768 shares (Direct);
Common Stock — 2,269.006 shares (Indirect, Director Deferred Compensation Plan)
Footnotes (1)
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Key Figures
Direct award shares: 1,059.0094 shares
Indirect award shares: 21.8150 shares
Direct holdings after transaction: 99,888.7682 shares
+2 more
5 metrics
Direct award shares
1,059.0094 shares
Common Stock grant/award on April 1, 2026
Indirect award shares
21.8150 shares
Common Stock via Director Deferred Compensation Plan on April 1, 2026
Direct holdings after transaction
99,888.7682 shares
Common Stock held directly following April 1, 2026 awards
Indirect holdings after transaction
2,269.0060 shares
Common Stock held indirectly via Director Deferred Compensation Plan
Award price per share
$0.00 per share
Reported transaction price for both Common Stock awards
Key Terms
Director Deferred Compensation Plan, beneficial owner, Section 16, grant, award, or other acquisition
4 terms
Director Deferred Compensation Plan financial
"nature_of_ownership: "Director Deferred Compensation Plan""
beneficial owner regulatory
"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 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.
grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
FAQ
Were the HBAN insider transactions by John C. Inglis open-market buys or compensation grants?
The reported HBAN insider transactions were compensation-related grants, not open-market purchases. Both entries carry code “A” for awards, with a reported price of $0.00 per share, reflecting stock granted as part of director compensation rather than discretionary buying in the market.
What is the role of the Director Deferred Compensation Plan in the HBAN Form 4?
The Director Deferred Compensation Plan is the vehicle for Inglis’s indirect holdings. One transaction shows 21.8150 Huntington Bancshares common shares acquired under this plan, with ownership classified as indirect, reflecting compensation deferred into stock-based units rather than directly held shares.