Nateri Prashant 4

What Happened

• Nateri Prashant, Chief Corporate Operations Officer at Huntington Bancshares Inc. (HBAN), had 10,724.137 shares issued on 2026-03-09 as the vesting payout from a 2023–2025 performance share unit (PSU) award (code A). The shares were issued at $0.00 (value reported as compensation equity rather than a purchase).
• On the same date, 3,175 shares were withheld to satisfy the associated tax liability (code F) at a reported price of $16.12 per share, totaling $51,181.

Key Details

• Transaction date(s): 2026-03-09 (reported on Form 4 filed 2026-03-11).
• Award: 10,724.137 shares (PSU vesting) @ $0.00 (Footnote F1: earned for the 2023–2025 PSU cycle).
• Tax withholding: 3,175 shares withheld @ $16.12 = $51,181 to cover taxes on vesting (Footnote F2).
• Shares owned after transaction: Not specified in the provided filing details.
• Filing timeliness: Form 4 was filed 2026-03-11 for a 2026-03-09 transaction; this appears within the normal post-transaction reporting window.

Context

• This was an equity award vesting event (not an open-market purchase). Withholding shares to cover taxes is a routine settlement method and is coded F (tax withholding).
• Awards like PSUs are compensation tied to performance periods; the issuance reflects plan fulfillment rather than a discretionary buy or sell decision by the insider.