Company: HBAN
Filing Date: 2025-03-06
Form Type: DEF 14A
Source: 0001308179-25-000044
Chunk: 4

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-03-06
Form: DEF 14A
Chunk 4
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 Huntington’s Board and executive management endeavor to keep pace with and exceed the constantly evolving corporate governance standards. As such, we have adopted many robust corporate governance practices that govern the Company and Board. See page 38 for further information. More detailed information about Huntington’s corporate governance framework and practices can be found in the Corporate Governancesection of this year’s Proxy Statement. Within this section, shareholders can find information on matters such as our shareholder engagement efforts, Director independence, and Board leadership. As part of the Corporate Governancesection of the Proxy Statement, we also provide a high-level overview of our various Corporate Responsibility practices, which includes our human capital, community development and philanthropy, environmental, and governance practices. The responsible way in which we operate our Company helps us live our Purpose and deliver long-term value for all those we serve. We focus on the issues most impactful to our business and important to our stakeholders. Shareholders are encouraged to review Huntington’s annual Corporate Responsibility Reports that further describe Corporate Responsibility matters at the Company and Huntington’s Climate Report for additional information on climate risks that can be found at ir.huntington.com.

| Proposal                                                                                                                         
 2 Compensation of Executive Officers                                                                                             |     |                                            |
| The Board and the HRCC believe that our compensation policies and practices strongly align                                       
 the interests of executives and shareholders. Further, our culture focuses executives on sound risk management and appropriately 
 rewards executives for their comprehensive performance including what they achieve and how they achieve it.                      |     | Our                                        
 Board recommends a vote FOR this proposal. |
| See page 64                                                                                                                      
 for further information.                                                                                                         |     |                                            |

The following highlights Huntington’s executive compensation practices, which are designed to incentivize not only success, but succeeding the right way. Plans are intended to encourage prudent risk taking while balancing both short- and longer-term wins. Shareholders should look to the Proposal 2 — Compensation of Executive Officerssection of this Proxy Statement, including the CD&A, for detailed information on our pay-for-performance executive compensation structure.

| 14 | Huntington Bancshares Incorporated      2025 Proxy Statement |

| Proxy Summary      
 Proposal Summaries |

2024 Compensation Program

|                                 | Target Compensation Mix |               |                                                                                             |             |
|                                 | CEO                     | Other NEOs(1) |                                                                                             | Description |
| Base Salaries                   |                         |               |                                                                                             |             |
|                                 |                         |               | Fixed component representing 12% of aggregate total target compensation for our CEO and