Company: HBAN
Filing Date: 2025-08-08
Form Type: S-4/A
Source: 0001140361-25-029894
Chunk: 95

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-08-08
Form: S-4/A
Chunk 95
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 connection with the early termination of the consulting period under the terms of the Earley consulting agreement, as described above in “—Veritex Employment Agreements-Consulting Agreement of Terry S. Earley,” which the retention agreement acknowledges will occur upon the second vesting date of the retention bonus.

New Huntington Arrangements with Other Veritex Executive Officers

Any executive officers and directors who become officers, directors or employees or who otherwise are retained to provide services to Huntington or any of its affiliates (including, after the closing, Veritex) may enter into new individualized compensation arrangements with Huntington. As of the date of this proxy statement, no compensation arrangements between such persons and Huntington and/or its affiliates have been established (other than the letter agreement with Mr. Holland and the retention agreement with Mr. Earley), although Huntington has discussed with certain Veritex executives the possibility of their continued service with Huntington and the potential compensation terms associated therewith. Such compensation terms may include, in addition to the executive's annual compensation opportunity, the payment of all or a portion of the severance amounts that would be due to the executive under his individual agreement with Veritex upon an involuntary termination following a change in control and/or retention awards that vest based on service with Huntington following the closing of the merger.

Indemnification; Directors’ and Officers’ Insurance

Under the merger agreement, each present and former director and officer of Veritex or any of its subsidiaries is entitled to continued indemnification and insurance coverage through the combined company for acts or omissions occurring at or prior to the effective time of the merger. For additional information, see “The Merger Agreement—Covenants and Agreements—Director and Officer Indemnification and Insurance” beginning on page 70 .**

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TABLE OF CONTENTS

Merger-Related Compensation for Veritex’s Named Executive Officers This section sets forth the information required by Item 402(t) of Regulation S-K regarding the compensation for each of Veritex’s named executive officers that is based on or that otherwise relates to the merger. The merger-related compensation payable to these individuals is subject to a non-binding advisory vote of Veritex’s shareholders, as described above in “Veritex Proposals—Proposals 2: Veritex Compensation Proposal.” The table below sets forth, for the purposes of this golden parachute disclosure, the amount of payments and benefits that each Veritex named executive officer would receive, using the following assumptions: