Huntington Bancshares (HBAN) director awarded additional common shares
Rhea-AI Filing Summary
Huntington Bancshares director David L. Porteous reported multiple stock awards and updated indirect holdings. On 2026-07-01, he acquired 1,317.0050 shares of common stock directly at a reported price of $0.00 per share, bringing his direct holdings to 695,286.0330 shares. Additional awards were credited to indirect accounts: 933.8940 shares to a Director Deferred Compensation Plan (total 110,066.3780 shares), 581.9310 shares to an IRA (total 67,424.0490 shares), and 127.8110 shares to a SEP-IRA (total 14,808.4520 shares). A separate entry reflects 10,136.6310 shares held indirectly by his spouse. A footnote explains that certain totals reflect an in-kind distribution from individual retirement accounts to direct ownership to satisfy a required minimum distribution, and also states that the reporting person does not admit beneficial ownership of the securities for Section 16 purposes.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
PORTEOUS DAVID L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,317.005 | $0.00 | -- |
| Grant/Award | Common Stock | 581.931 | $0.00 | -- |
| Grant/Award | Common Stock | 127.811 | $0.00 | -- |
| Grant/Award | Common Stock | 933.894 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 695,286.033 shares (Direct);
Common Stock — 67,424.049 shares (Indirect, By IRA)
Footnotes (1)
- The total reflects an in-kind distribution of shares from the Reporting Person's individual retirement accounts to the Reporting Person's direct ownership in satisfaction of a required minimum distribution. 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 shares after award: 695,286.0330 shares
Director Deferred Compensation Plan balance: 110,066.3780 shares
IRA balance after award: 67,424.0490 shares
+3 more
6 metrics
Direct shares after award
695,286.0330 shares
Common Stock directly held after 1,317.0050-share award on 2026-07-01
Director Deferred Compensation Plan balance
110,066.3780 shares
Common Stock held indirectly after 933.8940-share award on 2026-07-01
IRA balance after award
67,424.0490 shares
Common Stock held indirectly by IRA after 581.9310-share award on 2026-07-01
SEP-IRA balance after award
14,808.4520 shares
Common Stock held indirectly by SEP-IRA after 127.8110-share award on 2026-07-01
Spouse indirect holdings
10,136.6310 shares
Common Stock reported as indirectly owned by spouse as of 2026-07-01
Single direct stock award
1,317.0050 shares
Common Stock grant coded “A” at $0.0000 per share on 2026-07-01
Key Terms
Director Deferred Compensation Plan, SEP-IRA, required minimum distribution, individual retirement accounts, +1 more
5 terms
Director Deferred Compensation Plan financial
"Nature of ownership reported as Director Deferred Compensation Plan for certain shares."
SEP-IRA financial
"Some common stock is held indirectly with nature of ownership described as By SEP-IRA."
required minimum distribution financial
"Footnote states an in-kind distribution satisfied a required minimum distribution."
individual retirement accounts financial
"Footnote describes distribution of shares from the Reporting Person's individual retirement accounts."
An individual retirement account (IRA) is a personal savings account with special tax rules designed to help people build money for retirement; think of it as a piggy bank that comes with tax benefits or deferred taxes depending on the account type. It matters to investors because IRAs influence how much can be saved each year, which investments are held long term, and when taxes are paid, all of which affect long-term growth and retirement income planning.
Section 16 of the Securities and Exchange Act of 1934 regulatory
"Footnote says the statement is not an admission of beneficial ownership for Section 16 purposes."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did HBAN director David L. Porteous report?
David L. Porteous reported multiple stock awards of Huntington Bancshares common shares. On 2026-07-01, he acquired shares directly and through deferred compensation and retirement accounts, updating balances across his direct holdings, IRA, SEP-IRA, and Director Deferred Compensation Plan.
What indirect HBAN holdings were updated in the Form 4 filing?
The filing updates several indirect Huntington Bancshares holdings. Balances now include 110,066.3780 shares via a Director Deferred Compensation Plan, 67,424.0490 shares in an IRA, 14,808.4520 shares in a SEP-IRA, and 10,136.6310 shares held indirectly by the director’s spouse.
What is the nature of the HBAN stock awards reported with code A?
Transactions coded “A” are described as grants, awards, or other acquisitions. Porteous received common stock awards at a reported price of $0.00 per share into his direct account, IRA, SEP-IRA, and Director Deferred Compensation Plan on 2026-07-01.
What does the required minimum distribution note mean in the HBAN Form 4?
A footnote states some totals reflect an in-kind distribution to satisfy a required minimum distribution. Shares were moved from individual retirement accounts into direct ownership, indicating a non-cash transfer related to retirement account withdrawal rules rather than an open-market trade.