Company: HBAN
Filing Date: 2025-11-13
Form Type: S-4
Source: 0001140361-25-041757
Chunk: 17

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-11-13
Form: S-4
Chunk 17
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 • | the portion of each award in respect of a share of Cadence common stock subject to vesting, repurchase or other lapse restriction granted under a Cadence stock plan that is outstanding immediately prior to the effective time (a “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 fully vest and be converted automatically into the right to receive (without interest and less applicable taxes) the merger consideration in respect of each share of Cadence common stock subject to such portion of the Cadence restricted stock award immediately prior to the effective time; |

| • | each other Cadence restricted stock award, or portion thereof, will be assumed and converted into a restricted stock award of shares of Huntington common stock subject to vesting, repurchase or other lapse restriction with the same terms and conditions as were applicable under such Cadence restricted stock award immediately prior to the effective time (including vesting terms), and relating to the |

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number of shares of Huntington common stock equal to the product of (i) the number of shares of Cadence common stock subject to such Cadence restricted stock award immediately prior to the effective time, multiplied by(ii) the exchange ratio, with any fractional shares rounded to the nearest whole share of Huntington common stock;

| • | each restricted stock unit award in respect of shares of Cadence common stock granted under a Cadence stock plan that is outstanding immediately prior to the effective time (a “Cadence restricted stock unit award”) that is held by a non-employee member of the Cadence board of directors will fully vest and be converted automatically into the right to receive (i) a number of shares of Huntington common stock equal to the product of (A) the number of shares of Cadence common stock subject to such Cadence restricted stock unit award immediately prior to the effective time,multiplied by(B) the exchange ratio, with any fractional shares rounded to the nearest whole share of Huntington common stock and (ii) an amount in cash equal to the dividend equivalent payments with respect to such Cadence restricted stock unit award that are accrued but unpaid as of the effective time; and |

| Q: | What if I own Cadence series A preferred stock? |

| A: | If you are a holder of Cadence series A preferred stock, no action is required of you. You are not entitled to, and are not requested to, vote