Company: HBAN
Filing Date: 2025-12-01
Form Type: S-4/A
Source: 0001140361-25-043815
Chunk: 178

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-12-01
Form: S-4/A
Chunk 178
---
 or any securities or obligations convertible (whether currently convertible or convertible only after the passage of time or the occurrence of certain events) into or exchangeable for any shares of its capital stock or other equity or voting securities (except (i) regular quarterly cash dividends by Cadence at a rate not in excess of $0.275 per share of Cadence common stock, (ii) dividends payable on the Cadence preferred stock in accordance with the terms thereof, (iii) dividends paid by any of the subsidiaries of Cadence to Cadence or any of its wholly owned subsidiaries, or (iv) the acceptance of shares of Cadence common stock as payment for withholding taxes incurred in connection with the vesting or settlement of Cadence equity awards and dividend equivalents thereon, if any, in each case, in accordance with past practice and the terms of the applicable award agreements); |

107

TABLE OF CONTENTS

| • | grant any stock options, stock appreciation rights, performance shares, restricted stock units, restricted shares or other equity-based awards or interests, including Cadence equity awards, or grant any individual, corporation or other entity any right to acquire any shares of its capital stock or other equity or voting securities; |

| • | issue, sell or otherwise permit to become outstanding any additional shares of capital stock or other equity or voting securities or securities convertible or exchangeable into, or exercisable for or valued by reference to, any shares of its capital stock or any options, warrants, or other rights of any kind to acquire any shares of capital stock or other equity or voting securities, except for the issuance of shares upon the vesting or settlement of Cadence equity awards (and dividend equivalents thereon, if any) outstanding as of the date of the merger agreement or granted on or after the date of the merger agreement to the extent permitted under the merger agreement; |

| • | (i) sell, transfer, mortgage, encumber or otherwise dispose of any of its material properties or assets to any individual, corporation or other entity other than a wholly owned subsidiary, (ii) abandon or allow to lapse any material properties or assets (including any issued or registered intellectual property) other than lapse or expiry of intellectual property at the end of the applicable statutory terms, or (iii) cancel, release or assign any material indebtedness to any such person or any claims held by any person, in each case of the foregoing clauses (i) through (iii), other than in the ordinary course of business; |

| • | except