Company: HBAN
Filing Date: 2025-03-06
Form Type: DEF 14A
Source: 0001308179-25-000044
Chunk: 36

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-03-06
Form: DEF 14A
Chunk 36
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/2024 in tandem with each annual 2024 RSU and PSU      
 award.                                                                                                                           |
| (4) | The market value of the awards of RSUs that have not yet vested was determined by multiplying                                    
 the closing price of a share of Huntington common stock on December 31, 2024 ($16.27) by the number of units.                    |
| (5) | The PSUs reported in these columns will vest subject to achievement of the applicable performance                                
 goals as of the end of a three-year performance period. Each PSU is equal to one share of common stock. The number of PSUs       
 and the market value reported were determined on the basis of achieving 180% of target performance goals for the awards granted  
 in 2022 and 2023, and 150% of target performance goals for the awards granted in 2024. Performance for the PSUs granted on       
 March 1, 2022 will be determined and certified by the HRCC in March 2025, and reflect the impact of dividend reinvestment.       |
| (6) | The market value of the awards of PSUs that have not yet vested was determined by multiplying                                    
 the closing price of a share of Huntington common stock on December 31, 2024 ($16.27) by the maximum number of units.            |

| Huntington Bancshares Incorporated      2025 Proxy Statement | 95 |

| Compensation of Executive Officers 
 Executive Compensation Tables      |

Option Exercises and Stock Vested 2024 The table below sets forth the number of shares that were acquired upon the exercise of options and the vesting of RSUs in 2024. Also included are shares acquired from the vesting of PSU awards for the cycle that ended December 31, 2023. These shares were released on May 1, 2024. Not reflected are shares to be received for the three-year PSU performance cycle that ended on December 31, 2024, performance for which will be certified by the HRCC in March 2025.

|                      |     |   Option Awards |     |                |     |     Stock Awards |     |                |
| Name                 |     |       Number of 
 Shares Acquired 
     on Exercise 
             (#) |     | Value Realized 
    on Exercise 
         ($)(1) |     | Number of Shares 
      Acquired on 
          Vesting 
              (#) |     | Value Realized 
     on Vesting 
         ($)(1