Tate Jeffrey L. 4
Research Summary
AI-generated summary
Huntington Bancshares (HBAN) Director Jeffrey L. Tate Receives Award
What Happened
- Jeffrey L. Tate, a director of Huntington Bancshares Inc. (HBAN), was granted two award transactions on July 1, 2026: 525.900 shares and 44.146 shares, each reported at $0.00 per share (totaling 570.046 shares). These were reported on a Form 4 as "A" (grant/award/other acquisition), indicating equity awards rather than an open-market purchase.
Key Details
- Transaction date: 2026-07-01. Filing date: 2026-07-06.
- Reported price: $0.00 per share (typical for awards/RSUs); total cash value not disclosed on the form.
- Shares after the transaction: not specified in the provided filing.
- Footnote: F1 states the filing should not be construed as an admission of beneficial ownership.
- Timeliness: The Form 4 was filed more than two business days after the July 1 transaction, so it appears to have been filed late under Section 16 timing rules.
Context
- Awards (code "A") usually represent restricted stock units or similar compensation and do not necessarily reflect an immediate buy/sell decision; they’re part of compensation or director pay.
- Because no sale occurred and the awards are reported at $0.00, this is informational about compensation rather than a market-direction signal.