Company: HBAN
Filing Date: 2025-08-08
Form Type: S-4/A
Source: 0001140361-25-029894
Chunk: 22

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-08-08
Form: S-4/A
Chunk 22
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2025, the last full trading day before the public announcement of the merger agreement, and on [ ], 2025, the last practicable trading day before the date of this proxy statement/prospectus. This table also shows the implied value of the merger consideration to be issued in exchange for each share of Veritex common stock, which was calculated by multiplyingthe closing price of Huntington common stock on those dates by the exchange ratio of 1.95.

|               |     |   Huntington 
 Common Stock |     |      Veritex 
 Common Stock |     |     Implied Value of 
 One Share of Veritex 
         Common Stock |
| July 11, 2025 |     |       $17.39 |     |       $27.46 |     |               $33.91 |
| [   ], 2025   |     |       $[   ] |     |       $[   ] |     |               $[   ] |

For more information on the exchange ratio, see the section entitled “The Merger—Terms of the Merger” beginning on page 33and the section entitled “The Merger Agreement—Merger Consideration” beginning on page 61. Treatment of Veritex Equity Awards (page 62) Veritex Stock Options At the effective time, each Veritex stock option with a per-share exercise price that is less than the per-share value of the merger consideration will be cancelled and the holder of such cancelled option will receive an amount in cash equal to the product of the difference between the merger consideration value and the per-share exercise price, multiplied bythe number of shares of Veritex common stock subject to the Veritex stock option immediately prior to the effective time. Each Veritex stock option with a per-share exercise price that is equal to or greater than the merger consideration value will be cancelled for no consideration. Veritex Restricted Stock Unit Awards At the effective time, each Veritex restricted stock unit award that (a) was granted to an employee of Veritex prior to July 13, 2025 or (b) is held by a non-employee director of Veritex will be cancelled and converted into the right to receive shares of Huntington common stock in an amount equal to the product of the number of shares subject to the Veritex restricted stock unit award immediately prior to the effective time (with any performance goals