Company: HBAN
Filing Date: 2025-07-21
Form Type: S-4
Source: 0001140361-25-026508
Chunk: 12

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-07-21
Form: S-4
Chunk 12
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 the market price of Huntington common stock or Veritex common stock. |

| Q: | How will the merger affect Veritex equity awards? |

| A: | At the effective time: |

| • | each outstanding option to purchase Veritex common stock under Veritex’s stock plans (each, a “Veritex stock option”) with a per-share exercise price that is less than the per-share value of the merger consideration will be automatically cancelled in exchange for the right to receive an amount in cash (less applicable tax withholdings) equal to the product of (i) the excess of the per share value of the merger consideration over the Veritex stock option’s per-share exercise price,multiplied by(ii) the number of shares of Veritex common stock subject to such Veritex stock option immediately prior to the effective time. At the effective time, any Veritex stock option that has a per-share exercise price that is equal to or greater than the value of the merger consideration will be canceled for no consideration; |

| Q: | How does the Veritex board of directors recommend that I vote at the Veritex special meeting? |

| A: | The Veritex board of directors unanimously recommends that you vote “FOR” the Veritex merger proposal, “FOR” the Veritex compensation proposal and “FOR” the Veritex adjournment proposal. |

In considering the recommendations of the Veritex board of directors, holders of Veritex common stock should be aware that Veritex directors and executive officers may have interests in the merger that are or may be different from, or in addition to, the interests of holders of Veritex common stock generally. For a more complete description of these interests, see the information provided in the section entitled “The Merger—Interests of Veritex’s Directors and Executive Officers in the Merger” beginning on page 50.

| Q: | Who is entitled to vote at the Veritex special meeting? |

| A: | The Veritex board of directors has fixed the close of business on [  ] as the record date (the “Veritex record date”) for determination of the holders of Veritex common stock entitled to notice of and to vote at the Veritex special meeting. Only Veritex shareholders at the close of business on the Veritex record date will be entitled to vote at the Veritex special meeting. |

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