Company: HBAN
Filing Date: 2025-11-13
Form Type: S-4
Source: 0001140361-25-041757
Chunk: 236

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-11-13
Form: S-4
Chunk 236
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 offers to purchase all, or a pro rata portion, of the new Huntington preferred stock and such parity stock, through the use of proceeds of a substantially contemporaneous sale of other shares of parity stock or junior stock, as a result of the reclassification of parity stock, or by conversion into or exchange for junior stock, during such dividend period. The limitations in clauses (i), (ii) and (iii) do not apply to purchases or acquisitions of junior stock pursuant to any employee or director incentive or benefit plan or arrangement (including any employment, severance or consulting agreements) of Huntington or any of its subsidiaries. When dividends are not paid in full upon the shares of new Huntington preferred stock and any parity stock, all dividends declared upon shares of new Huntington preferred stock and any parity stock will be declared on a pro rata basis. For purposes of calculating the pro rata allocation of partial dividend payments, Huntington shall allocate dividend payments based on the ratio between the then current and the unpaid dividend payments due on the shares of the new Huntington preferred stock and (A) in the case of cumulative parity stock, the aggregate of the accrued and unpaid dividends due on any such parity stock and (B) in the case of non-cumulative parity stock, the aggregate

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#### TABLE OF CONTENTS
of the declared but unpaid dividends due on any such parity stock. No interest will be payable in respect of any dividend payment on shares of new Huntington preferred stock that may be in arrears. Subject to the foregoing, and not otherwise, dividends (payable in cash, stock or otherwise) as may be determined by the Huntington board of directors or any duly authorized committee of the board of directors may be declared and paid on the common stock and any junior stock from time to time out of any assets legally available therefor, and the holders of the shares of new Huntington preferred stock will not be entitled to participate in any such dividend.

#### Redemption
Optional Redemption

Huntington, at the option of the Huntington board of directors or any duly authorized committee of the Huntington board of directors, may redeem in whole or in part the shares of new Huntington preferred stock at the time outstanding, on any dividend payment date upon notice given as provided below in the section entitled “Description of New Huntington Preferred Stock—New Huntington Preferred Stock—Redemption—Procedures.” The redemption price for shares of new Huntington preferred stock will be $25,000 per share, plus any declared and unpaid dividends for prior dividend periods, without