Company: HBAN
Filing Date: 2025-11-13
Form Type: S-4
Source: 0001140361-25-041757
Chunk: 151

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-11-13
Form: S-4
Chunk 151
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 days following the first public announcement of the merger on October 26, 2025; |

| • | the employment of each executive officer was terminated by Cadence or Huntington without “cause” or by the executive officer for “good reason” (as such terms are defined in the relevant plans and agreements), in either case immediately following the merger and on the Assumed Closing Date; |

| • | each executive officer’s base salary rate and annual target bonus remain unchanged from those in place as of the Assumed Closing Date; |

| • | each executive officer holds such Cadence equity awards that are outstanding and held by such executive officer as of the Assumed Closing Date; and |

| • | performance under all performance-based Cadence restricted stock unit awards is satisfied at the target performance level (subject to the rTSR Performance Determination described below). |

The amounts provided below in this section do not reflect or attempt to forecast compensation actions that may occur before completion of the merger, including any additional equity grants, issuances or forfeitures that may occur prior to the closing of the merger. Depending on the date upon which the closing of the merger actually occurs, certain Cadence equity incentive awards that are unvested as of the date of this joint proxy statement/prospectus and that are included in the calculations herein may vest and settle pursuant to their terms, without regard to the merger. As a result of the foregoing assumptions, which may or may not be accurate on the relevant date, the actual amounts, if any, to be realized by Cadence’s executive officers who are not named executive officers and directors may materially differ from the amounts set forth below. Treatment of Outstanding Cadence Equity Awards Each of Cadence’s executive officers holds Cadence restricted stock unit awards and Cadence performance stock unit awards. Cadence’s non-employee directors do not hold any unvested or outstanding Cadence equity incentive awards other than Cadence restricted stock unit awards. The outstanding Cadence equity awards held by Cadence’s executive officers immediately prior to the effective time will be generally treated in the same manner as those Cadence equity awards held by other employees of Cadence, and in each case, except as described below, will be treated in accordance with the terms and conditions that were applicable to such awards before the effective time. As further described in “The Merger Agreement—Treatment of Cadence Equity Awards,” at the effective time of the merger:

| • | Cadence restricted stock unit awards: each outstanding Cadence restricted stock unit award that is not held