Company: HBAN
Filing Date: 2025-03-06
Form Type: DEF 14A
Source: 0001308179-25-000044
Chunk: 43

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-03-06
Form: DEF 14A
Chunk 43
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 unpaid base salary through termination, earned but unpaid annual incentive payments for the prior period, accrued and unused   
 paid time off, and incurred but unreimbursed business expenses;                                                                |
| a pro rata incentive payment in respect of the fiscal                                                                          
 year of the Company in which the date of termination occurs, with such amount to equal the amount determined by the HRCC based 
 on the Company’s actual performance for the fiscal year in which the date of termination occurs and otherwise on a basis       
 no less favorable than annual incentive award determinations are made by the HRCC for the Company’s executive officers;        
 and                                                                                                                            |
| a severance payment equal to two times the sum of                                                                              
 (x) his annual base salary and (y) the higher of the target incentive payment for the year of termination or the incentive     
 payment paid or payable with respect to the prior fiscal year.                                                                 |

Mr. Steinour would also be entitled to payment and provision of any other amounts or benefits to which he was otherwise entitled. If Mr. Steinour had his employment terminated by us without “cause” or if he terminated employment with us for “good reason” as of December 31, 2024, he would have been entitled to, in addition to accrued amounts and benefits, a pro rata annual incentive payment equal to $2,420,000 and a severance payment equal to $7,140,000. If Mr. Steinour had terminated employment as of December 31, 2024, due to death or disability, he or his estate would have been entitled to a pro-rated annual incentive payment for the year of termination as described above equal to $2,420,000 and accrued obligations and benefits. If Mr. Steinour had terminated employment as of December 31, 2024 without “good reason” and due to his retirement, he would have been entitled to a pro-rated annual incentive payment for the year of termination equal to $2,420,000. Severance benefits and payments are subject to execution and non-revocation of a release of claims.

| 102 | Huntington Bancshares Incorporated      2025 Proxy Statement |

| Compensation of Executive Officers 
 Executive Compensation Tables      |

RSUs and PSUs — Potential Accelerated Vesting Each of the NEOs has outstanding RSU and PSU awards, which are subject to full or partial accelerated vesting upon specified circumstances. The table below sets forth the value of the shares and accumulated dividends that would have been payable under outstanding grants of RSUs