Hepner Virginia A 4

What Happened
Virginia A. Hepner, a director of Huntington Bancshares Inc. (HBAN), was issued 70,696 shares on Feb 1, 2026. The shares show an acquisition price of $0.00 on the Form 4 because they were received through the Huntington merger with Cadence Bank rather than a cash purchase.

Key Details

• Transaction date: 2026-02-01 (reported on Form 4 filed 2026-02-03). Transaction code: A (award/grant/acquisition).
• Shares acquired: 70,696; reported acquisition price: $0.00 (non-cash merger conversion).
• Footnote: Shares were issued under the Cadence merger — each Cadence share converted into the right to receive 2.475 shares of Huntington common stock.
• Ownership reporting: These shares were also reported as owned by the reporting person on a Form 3 filed the same day. The Form 4 does not list a separate “owned after” total on this filing.
• No late filing flag is indicated on this Form 4.

Context
This was a merger-related share conversion, not an open-market purchase or sale. Merger issuances are non-cash corporate events and do not by themselves indicate an insider buying or selling for investment reasons.