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

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-03-06
Form: DEF 14A
Chunk 25
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 Incentive Compensation Determining LTI Grant Value The HRCC engaged its independent compensation consultant to assist in developing LTI award ranges based on competitive market practice to serve as guidelines for annual grants. These awards were based on a holistic approach that includes Company performance, individual performance and retention value of current equity ownership, historical long-term incentive compensation awards, and the market-based framework the independent consultant developed. In addition to these factors, when determining award ranges for individual executive officers, the HRCC considers the impact on potential total compensation. RANGE FOR POTENTIAL EQUITY GRANTS

|                     | Percentage     
 of Base Salary |               |     |               |     |               |
| Position            |                | Threshold     |     | Target        |     | Maximum       |
| CEO                 |                | 262.5%        |     | 525.0%        |     | 1,050.0%      |
| Other               
 NEOs (vary by role) |                | 110.0%-125.0% |     | 220.0%-250.0% |     | 440.0%-500.0% |

Determination of individual LTI Grants The HRCC independently evaluated the CEO’s performance for the purpose of determining a 2024 LTI award and assessed the competitive pay positioning that would result from the awards to be consistent with our pay-for-performance philosophy. In determining award values for the other NEOs, the HRCC considered the CEO’s performance assessments for each NEO, as well as additional input from the CEO, and the market guidelines provided by the consultant. Consistent with the Company’s philosophy, the CEO’s evaluation was based on the holistic approach that included Company performance, individual performance and contributions, retention value of current equity ownership, historical long-term incentive compensation awards, and the market-based framework the independent consultant developed. The HRCC approved awards in 2024 for the NEOs (other than the CEO) as recommended by the CEO. LTI Grant Vehicles For the 2024 annual LTI grants, management proposed, and the HRCC approved, the strategy set forth below: 2024 Long-Term Incentive Program Highlights

| Vehicle |     | %                  
 of Total LTI Value |     |       |     | Key                                           
 Design Features                               |
|         |     | CEO                |     | Other 
 NEOs  |     |                                               |
| PSUs(1) |     |                    |     |       |     | Performance                                   
 Measurement Period:3