Company: HBAN
Filing Date: 2025-12-01
Form Type: S-4/A
Source: 0001140361-25-043815
Chunk: 171

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-12-01
Form: S-4/A
Chunk 171
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TABLE OF CONTENTS

Governing Documents At the effective time, the charter of Huntington National Bank, as in effect immediately prior to the effective time, will be the charter of the surviving bank until thereafter amended in accordance with applicable law, and the bylaws of Huntington National Bank, as in effect immediately prior to the effective time, will be the bylaws of the surviving bank until thereafter amended in accordance with applicable law. For a more detailed description of the governing documents of Huntington, see the section entitled “The Merger—Governance of Huntington After the Merger” beginning on page 97. Treatment of Cadence Equity Awards Cadence Restricted Stock Awards At the effective time, each Cadence restricted stock award will be treated as follows:

| • | The portion of each Cadence restricted stock award that was granted in September 2020 with a May 2027 vesting date and that pursuant to its existing terms would vest automatically at the effective time, if any, will fully vest and be converted automatically into the right to receive (without interest and less applicable taxes) the merger consideration in respect of each share of Cadence common stock subject to such portion of the Cadence restricted stock award immediately prior to the effective time; and |

| • | Each other Cadence restricted stock award, or portion thereof, will be assumed and converted into a restricted stock award of shares of Huntington common stock subject to vesting, repurchase or other lapse restriction with the same terms and conditions as were applicable under such Cadence restricted stock award immediately prior to the effective time (including vesting terms), and relating to the number of shares of Huntington common stock equal to the product of (i) the number of shares of Cadence common stock subject to such Cadence restricted stock award immediately prior to the effective time,multiplied by(ii) the exchange ratio, with any fractional shares rounded to the nearest whole share of Huntington common stock. |

Cadence Restricted Stock Unit Awards At the effective time, each Cadence restricted stock unit award will be treated as follows:

| • | Each Cadence restricted stock unit award that is held by a non-employee member of the Cadence board of directors will fully vest and be converted automatically into the right to receive (i) a number of shares of Huntington common stock equal to the product of (A) the number of shares of Cadence common stock subject to such Cadence restricted stock unit award immediately prior to the effective time,multiplied by(B) the exchange ratio, with any fractional shares rounded to the nearest whole