Company: HBAN
Filing Date: 2025-03-06
Form Type: DEF 14A
Source: 0001308179-25-000044
Chunk: 12

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-03-06
Form: DEF 14A
Chunk 12
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 arrangement is discussed in the Compensation of Directorssection.

| 50 | Huntington Bancshares Incorporated      2025 Proxy Statement |

| Corporate Governance                       
 Board, Committee, and Leadership Structure |

The Board does not believe that any of the other Directors have relationships with us that would interfere with the exercise of independent judgment in carrying out their responsibilities as Director. As such, the Board and the NESG Committee have determined that the following currentDirectors are “independent directors” as the term is defined in the Nasdaq Rules:

| Alanna Y. Cotton            | John C. (Chris) Inglis       | David L. Porteous |
| Ann B. (Tanny) Crane        | Richard H. King              | Teresa H. Shea    |
| Rafael Andres Diaz-Granados | Katherine M.A. (Allie) Kline | Roger J. Sit      |
| Gina D. France              | Richard W. Neu               | Jeffrey L. Tate   |
| J. Michael Hochschwender    | Kenneth J. Phelan            |                   |

Pursuant to their respective charters, each member of the Audit Committee, HRCC, NESG Committee, and Risk Oversight Committee are required to be independent under the Nasdaq Rules. Members of the Audit Committee and the HRCC must also meet the additional independence and eligibility standards applicable to such committees. In making the independence determinations for each of the Directors, the Board took into consideration the transactions disclosed in this Proxy Statement under the Review, Approval, or Ratification of Transactions with Related Personssubsection .In addition, the Board considered that the Directors and their family members are customers of our affiliated financial and lending institutions. Many of the Directors have one or more transactions, relationships, or arrangements where Huntington’s affiliated financial and lending institutions, in the ordinary course of business, act as depository of funds, lender, trustee, or provide similar services. Directors may also be affiliated with entities that are customers of our affiliated financial and lending institutions and that enter into transactions with such Huntington affiliates in the ordinary course of business. The Board also considered charitable donations to organizations in which Directors have an interest and determined them to be immaterial. Review, Approval, or Ratification of Transactions with Related Persons The NESG Committee oversees our Related Party Transactions Policy, referred to in this section as the “Policy.” This written Policy covers “related party transactions,” including any financial transaction, arrangement, or relationship or any series of similar transactions, arrangements, or relationships, either currently proposed or existing, since