Company: HBAN
Filing Date: 2025-12-01
Form Type: S-4/A
Source: 0001140361-25-043815
Chunk: 222

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-12-01
Form: S-4/A
Chunk 222
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 share, payable quarterly, in arrears, on the fifteenth day of each January, April, July and October, commencing on January 15, 2026 and ending on October 15, 2030. From and including October 15, 2030, dividends on the series K preferred stock will accrue on a non-cumulative basis at the five (5)-year treasury rate as of the most recent reset dividend determination date plus 2.653% for each reset period on the liquidation preference of $100,000 per share, payable quarterly, in arrears, on the fifteenth day of each January, April, July and October, commencing on January 15, 2031. “Reset dividend determination date” means, in respect of any reset period, the day falling three business days prior to the beginning of such reset period. “Reset period” means the period from and including October 15, 2030 to, but excluding, the next following reset date and thereafter each period from and including each reset date to, but excluding, the next following reset date. “Reset date” means October 15, 2030 and each date falling on the fifth (5th) anniversary of the preceding reset date, in each case, regardless of whether such day is a business day.

The Huntington series K preferred stock does not have a maturity date, and Huntington is not required to redeem the series K preferred stock. Accordingly, the series K preferred stock and the depositary shares will remain outstanding indefinitely, unless and until Huntington decides to redeem it pursuant to the terms of the articles supplementary. Huntington may redeem the series K preferred stock at its option, (i) in whole or in part, from time to time, on any dividend payment date on or after October 15, 2030 or (ii) in whole but not in part, within ninety (90) days following a Regulatory Capital Treatment Event (as defined in the articles supplementary), at a redemption price equal to $100,000 per share (equivalent to $1,000 per depositary share), plus any authorized, declared and unpaid dividends in any prior dividend period and, solely in the case of a redemption following a Regulatory Capital Treatment Event, the pro-rated portion of unpaid dividends, whether or not declared, for the dividend period in which such redemption occurs. If Huntington redeems the series K preferred stock, the depositary (as defined below) will redeem a proportional number of depositary shares. Neither the holders of