Company: HBAN
Filing Date: 2025-12-01
Form Type: S-4/A
Source: 0001140361-25-043815
Chunk: 162

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-12-01
Form: S-4/A
Chunk 162
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ley), two and one half (2.5) times (Ms. Toalson) or two (2) times (Messrs. Braddock and Lambert) the annual value of the named executive officer’s fringe benefits including, for Mr. Bagley, the value of the use of Cadence corporate aircraft for personal travel, (iii) for Mr. Lambert, the value of vesting in the split dollar life insurance benefit, and (iv) for Ms. Toalson, who became entitled to her normal retirement (age 65) benefit under the Cadence Supplemental Executive Retirement Plan at the effective time in connection with the transactions contemplated by the merger agreement, the present value of such accelerated vesting. With respect to clause (i)-(ii), these benefits are payable on a “double-trigger” basis pursuant to the applicable plan or CIC Agreement between Cadence and the applicable named executive officer (in the case of Mr. Rollins, including his letter agreement with Huntington). With respect to clause (iii)-(iv), the vesting of these amounts is “single trigger” but will not be payable until, in respect of clause (iii) the named executive officer’s death and, in respect of clause (iv) the named executive officer’s separation from service. For additional information, see the sections above entitled “—Cadence Change in Control Agreements” and “—Other Benefits”. |

Governance of Huntington After the Merger Charter At the effective time, the charter of Huntington, as in effect immediately prior to the effective time, will be the charter of Huntington until thereafter amended in accordance with applicable law. Bylaws At the effective time, the bylaws of Huntington, as in effect immediately prior to the effective time, will be the bylaws of Huntington until thereafter amended in accordance with applicable law. Board of Directors Huntington will take all appropriate action so that three (3) current directors of Cadence will be appointed to the Board of Directors of Huntington at the Effective Time. Each of the directors so appointed will be designated by Huntington, it being agreed that one of the designated directors will be James D. Rollins III, the

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chairman and chief executive officer of Cadence. In addition, as of the effective time of the merger, Mr. Rollins will be appointed as Vice Chairman of the boards of directors of each of Huntington and Huntington National Bank. Except for the addition of these three (3) directors and the vice chairman appointment, the composition and leadership of the Huntington