Tate Jeffrey L. 4
Research Summary
AI-generated summary
Huntington (HBAN) Director Jeffrey L. Tate Receives 553-Share Award
What Happened
Jeffrey L. Tate, a director of Huntington Bancshares Inc. (HBAN), acquired equity via two awards on April 1, 2026: 503.864 shares and 49.598 shares. Both lines are reported as acquisitions (transaction code A) at $0.00 per share; the Form 4 does not report a cash price or total dollar value. In total Tate received 553.462 shares. This was an award/grant (compensation-related acquisition), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-04-01; Form 4 filed 2026-04-03 (timely filing).
- Reported entries: 503.864 shares @ $0.00 and 49.598 shares @ $0.00 (total 553.462 shares).
- Shares owned after transaction: not specified in the filing.
- Footnote: F1 — the filer states this filing is not an admission of beneficial ownership for purposes of Section 16.
- Transaction type code: A = grant/award/other acquisition (typically compensation-related).
Context
Awards to directors are commonly part of board compensation programs (restricted stock, deferred stock units, or similar) and do not necessarily indicate a personal market-based purchase or sale. Because no cash price or immediate sale was reported, this looks like a compensation award rather than a market trade. For retail investors, purchases/market buys can be a clearer signal of personal conviction than routine compensation grants.