Wasserman Zachary Jacob 4
Research Summary
AI-generated summary
Huntington Bancshares (HBAN) CFO Zachary Wasserman Receives PSU Award
What Happened
Zachary Jacob Wasserman, CFO and Senior Executive Vice President of Huntington Bancshares (HBAN), received 131,430.643 shares on 2026-03-09 as the payout from a 2023–2025 performance share unit (PSU) award (transaction code A, acquisition at $0.00). Concurrently, 58,619 shares were withheld/disposed to cover the related tax liability at $16.12 per share, producing proceeds of approximately $944,938 (transaction code F).
Key Details
- Transaction date: 2026-03-09; reported on Form 4 filed 2026-03-11 (timely filing).
- Award: 131,430.643 shares issued for the 2023–2025 PSU cycle (footnote F1). Acquisition price shown as $0.00 (typical for vested awards).
- Tax withholding: 58,619 shares withheld to satisfy tax obligations upon vesting at $16.12/share, total ~$944,938 (footnote F2).
- Shares owned after the transaction: not provided in the supplied excerpt of the filing.
- Filing status: appears timely (filed two days after the reported transaction); no 10b5-1 or other special plans noted in the provided data.
Context
This was a vesting of performance-based restricted stock (PSUs) rather than an open-market purchase or a motivated sale. Withholding shares to cover taxes is a routine, administrative disposition and does not necessarily indicate a change in the insider’s market view.