Company: HBAN
Filing Date: 2025-11-13
Form Type: S-4
Source: 0001140361-25-041757
Chunk: 162

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-11-13
Form: S-4
Chunk 162
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     | $2,239,549 |
| Christopher A. Bagley |     |                  $0 |     |          $3,256,412 |     |             $132,325 |     | $3,388,737 |
| Edward H. Braddock    |     |          $1,309,191 |     |          $1,402,123 |     |             $117,003 |     | $2,828,317 |
| Tyler L. Lambert      |     |          $1,248,836 |     |          $1,388,116 |     |             $127,257 |     | $2,764,209 |

| (a) | Excludes Cadence RSU Awards that are treated as vested because the named executive officer is retirement eligible. |

| (3) | Benefits. The amount shown represents (i) the value of the monthly cost of COBRA coverage for a period of 36 months (Messrs. Rollins and Bagley), 30 months (Ms. Toalson) and 24 months (Messrs. Braddock and Lambert), less the employee-portion of such coverage paid by the named executive officer, (ii) either three (3) times (Messrs. Rollins and Bagley), two and one half (2.5) times (Ms. Toalson) or two (2) times (Messrs. Braddock and Lambert) the annual value of the named executive officer’s fringe benefits including, for Mr. Bagley, the value of the use of Cadence corporate aircraft for personal travel, (iii) for Mr. Lambert, the value of vesting in the split dollar life insurance benefit, and (iv) for Ms. Toalson, who became entitled to her normal retirement (age 65) benefit under the Cadence Supplemental Executive Retirement Plan at the effective time in connection with the transactions contemplated by the merger agreement, the present value of such accelerated vesting. With respect to clause (i)-(ii), these benefits are payable on a “double-trigger” basis pursuant to the applicable plan or CIC Agreement between Cadence and the applicable named executive officer (in the case of Mr. Rollins, including his letter agreement with Huntington). With respect to clause (iii)-(iv), the vesting of these amounts is “single trigger” but will not be payable until, in respect of clause (iii) the named executive officer’s death and, in respect of clause (iv) the