Dhingra Amit 4

What Happened

• Amit Dhingra, Chief Enterprise Payments Officer at Huntington Bancshares (HBAN), was granted 21,552.85 shares on 2026-03-09 as the settlement of a performance share unit (PSU) award (2023–2025 cycle). These shares were issued at $0.00 (award).
• To cover the associated tax liability, 9,829 shares were withheld/disposed at $16.12 per share, generating $158,443. Net shares delivered to Dhingra after withholding were 11,723.85 shares.
• This was an award/vesting event (not an open-market buy or sale) with a routine tax-withholding disposition.

Key Details

• Transaction date: 2026-03-09; Form 4 filed: 2026-03-11 (timely filing).
• Award: 21,552.85 shares (code A) at $0.00 — PSUs for the 2023–2025 cycle (footnote F1).
• Withholding/tax payment: 9,829 shares (code F) disposed at $16.12 each, total $158,443 (footnote F2).
• Net shares received after withholding: 11,723.85 shares.
• Shares owned after the transaction: not disclosed in the provided filing.
• Standard disclosure note: filing includes a non-admission of beneficial ownership (footnote F3).

Context

• Performance share units vest based on pre-set performance goals; receiving PSUs is different from an open-market purchase and does not necessarily indicate a bullish signal from the insider.
• The withheld shares represent a routine "sell-to-cover" for taxes rather than an investment-driven sale.