Company: HBAN
Filing Date: 2025-11-13
Form Type: S-4
Source: 0001140361-25-041757
Chunk: 204

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-11-13
Form: S-4
Chunk 204
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 exercise of employee stock options or through a tax-qualified retirement plan or otherwise as compensation; |

| • | a person who is not a U.S. holder; |

| • | a real estate investment trust; |

| • | a regulated investment company; |

| • | a person that has a functional currency other than the U.S. dollar; |

| • | an expatriate of the United States; |

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| • | a holder that holds (or that held, directly or constructively, at any time during the five (5)- year period ending on the date of the disposition of your Cadence common stock pursuant to the merger) five percent (5%) or more of the outstanding Cadence common stock; |

| • | a holder of options granted under any Cadence benefit plan; or |

| • | a holder of Cadence common stock who holds Cadence common stock as part of a hedge, straddle or a constructive sale or conversion transaction. |

In addition, the discussion does not address any state, local or foreign tax consequences of the merger, nor does it address any tax consequences arising under the unearned income Medicare contribution tax pursuant to the Health Care and Education Reconciliation Act of 2010 or any consequences under the Foreign Account Tax Compliance Act of 2010 (including the Treasury regulations issued thereunder and intergovernmental agreements entered into pursuant thereto or in connection therewith). Determining the actual tax consequences of the merger to you may be complex. They will depend on your specific situation and on factors that are not within the control of Cadence or Huntington. You should consult with your own tax advisor as to the tax consequences of the merger in your particular circumstances. Tax Consequences of the Merger Generally Huntington and Cadence intend the merger to qualify as a “reorganization” within the meaning of Section 368(a) of the Code. As described below, it is a condition to each party’s respective obligations to complete the merger that Huntington and Cadence each receive a legal opinion that the merger will so qualify. Accordingly, the material U.S. federal income tax consequences of the merger to U.S. holders of Cadence common stock are as follows:

| • | you will not recognize gain or loss when you exchange your Cadence common stock solely for Huntington common stock, except with respect to any cash received instead of a fractional share of Huntington common stock; |

| • | your aggregate tax basis in the Huntington common stock that you receive