Company: HBAN
Filing Date: 2025-03-06
Form Type: DEF 14A
Source: 0001308179-25-000044
Chunk: 33

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-03-06
Form: DEF 14A
Chunk 33
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     | 1,999,998 |

(a) RSUs for Messrs. Wasserman, Standridge, and Kleinman include one-time retention grants of $250,000, $300,000, and $200,000, respectively. Ms. Hingst’s RSUs include a $550,000 grant of RSUs in connection with her joining Huntington, which she received to compensate her for certain equity payments that she forfeited as a result of accepting the opportunity with Huntington. (b) PSUs for Messrs. Wasserman, Standridge, and Kleinman include one-time retention grants of $250,000, $300,000, and $200,000, respectively, at target. The grant date fair value of the PSUs awarded to the NEOs in 2024, inclusive of retention grants, assuming the highest level of performance, is set forth below:

|               |          Dollar 
        Value of 
 PSUs at Maximum 
     Performance 
             ($) |
| Stephen       
 D. Steinour   |       4,949,995 |
| Zachary       
 J. Wasserman  |       1,762,489 |
| Brant         
 J. Standridge |       1,874,999 |
| Marcy         
 C. Hingst     |       1,162,489 |
| Scott         
 D. Kleinman   |       1,499,999 |

| (4) | The amounts in this column are annual cash incentive awards earned under                                                          
 the MIP for 2024.                                                                                                                 |
| (5) | The amount in this column for the 2024 fiscal year represents the change in the actuarial                                         
 present value of accumulated benefit from December 31, 2023 to December 31, 2024, under two defined benefit pension plans:        
 the Retirement Plan and the SRIP. These plans were closed to new hires after December 31, 2009, and were frozen as of December    
 31, 2013. Benefits are based on levels of compensation and years of credited service as of December 31, 2013. The valuation       
 method used to determine the present values, and all material assumptions applied, are discussed in Note 16 “Benefit              
 Plans” of the Notes to Consolidated Financial Statements for the fiscal year ended December 31, 2024. The change in               
 present value for Messrs. Steinour and Kleinman under each plan is detailed below. The “Total Change