Company: HBAN
Filing Date: 2025-08-15
Form Type: 424B3
Source: 0001140361-25-031511
Chunk: 93

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-08-15
Form: 424B3
Chunk 93
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itex) may enter into new individualized compensation arrangements with Huntington. As of the date of this proxy statement, no compensation arrangements between such persons and Huntington and/or its affiliates have been established (other than the letter agreement with Mr. Holland and the retention agreement with Mr. Earley), although Huntington has discussed with certain Veritex executives the possibility of their continued service with Huntington and the potential compensation terms associated therewith. Such compensation terms may include, in addition to the executive's annual compensation opportunity, the payment of all or a portion of the severance amounts that would be due to the executive under his individual agreement with Veritex upon an involuntary termination following a change in control and/or retention awards that vest based on service with Huntington following the closing of the merger.

Indemnification; Directors’ and Officers’ Insurance

Under the merger agreement, each present and former director and officer of Veritex or any of its subsidiaries is entitled to continued indemnification and insurance coverage through the combined company for acts or omissions occurring at or prior to the effective time of the merger. For additional information, see “The Merger Agreement—Covenants and Agreements—Director and Officer Indemnification and Insurance” beginning on page 70 .**

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TABLE OF CONTENTS

Merger-Related Compensation for Veritex’s Named Executive Officers This section sets forth the information required by Item 402(t) of Regulation S-K regarding the compensation for each of Veritex’s named executive officers that is based on or that otherwise relates to the merger. The merger-related compensation payable to these individuals is subject to a non-binding advisory vote of Veritex’s shareholders, as described above in “Veritex Proposals—Proposals 2: Veritex Compensation Proposal.” The table below sets forth, for the purposes of this golden parachute disclosure, the amount of payments and benefits that each Veritex named executive officer would receive, using the following assumptions:

| • | each of Messrs. Holland, Earley, Holford and Karaba, and Mses. Harper and Renfro experiences a qualifying termination of employment immediately following the effective time; |

| • | 2025 annual bonuses will be payable based on target level performance; |

| • | Veritex’s common stock has a price per share of $32.34, the average closing price per share over the first five business days following the announcement of the merger agreements. |

The calculations in the table below do