Company: HBAN
Filing Date: 2025-12-01
Form Type: S-4/A
Source: 0001140361-25-043815
Chunk: 31

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-12-01
Form: S-4/A
Chunk 31
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 agreement, and on November 28, 2025, the last practicable trading day before the date of this joint proxy statement/prospectus. This table also shows the implied value of the merger consideration to be issued in exchange for each share of Cadence common stock, which was calculated by multiplyingthe closing price of Huntington common stock on those dates by the exchange ratio of 2.475.

|                   |     |   Huntington 
 Common Stock |     |      Cadence 
 Common Stock |     | Implied Value 
  of One Share 
    of Cadence 
  Common Stock |
| October 24, 2025  |     |       $16.07 |     |       $36.49 |     |        $39.77 |
| November 28, 2025 |     |       $16.30 |     |       $39.84 |     |        $40.34 |

For more information on the exchange ratio, see the section entitled “The Merger—Terms of the Merger” beginning on page 54and the section entitled “The Merger Agreement—Merger Consideration” beginning on page 102. Treatment of Cadence Series A Preferred Stock (page 99) In the merger, each share of Cadence series A preferred stock issued and outstanding immediately prior to the effective time will automatically be converted into the right to receive one (1) depositary share representing one one-thousandth (1/1000th) of a share of new Huntington preferred stock. Cadence series A preferred stock is currently listed on the NYSE under the symbol “CADE-PrA.” The new Huntington depositary shares representing the new Huntington preferred stock are expected to be listed on the NASDAQ upon completion of the merger. For further information, see the section entitled “The Merger—Treatment of Cadence Series A Preferred Stock” beginning on page 99and the section entitled “Description of New Huntington Preferred Stock” beginning on page 138. Treatment of Cadence Equity Awards (page 103) Cadence Restricted Stock Awards At the effective time, the portion of each Cadence restricted stock award that was granted in September 2020 with a May 2027 vesting date and that pursuant to its existing terms would vest automatically at the effective time, if any, will (i) fully vest and be cancelled and converted into the right to receive (without interest and less applicable taxes) the merger consideration and (ii) if not covered by clause (i), be assumed and converted based