Company: HBAN
Filing Date: 2025-08-08
Form Type: S-4/A
Source: 0001140361-25-029894
Chunk: 25

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-08-08
Form: S-4/A
Chunk 25
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 of the other shareholders of Veritex generally. The Veritex board of directors was aware of and considered these interests during its deliberations on the merits of the merger and in determining to recommend to Veritex shareholders that they vote for the Veritex merger proposal and thereby approve the transactions contemplated by the merger agreement, including the merger.

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TABLE OF CONTENTS

These interests include, among others:

| • | The accelerated vesting of the Veritex equity awards held by the Veritex non-employee directors and executive officers at the effective time (or with respect to awards granted to the Veritex executive officers on or after July 13, 2025 upon a termination of employment without cause or for good reason during the two (2) year period following the effective time); |

| • | Each current Veritex executive officer is party to an employment agreement with Veritex that provides that if such executive officer’s employment is terminated without cause by Veritex, or if the executive officer terminates his or her employment for good reason, in each case within two (2) years following the merger, such executive officer will be eligible to receive severance based on a multiple (three times for Mr. Holland and two and one half times for the other executive officers) of his or her base salary and average bonus during the two (2) completed calendar years prior to the date of termination, a prorated annual bonus for the year of termination and a payment in respect of healthcare premiums; |

| • | Each if Messrs. Holland and Earley have entered into a letter agreement with Huntington pursuant to which each has agreed to provide advisory services to Huntington and comply with restrictive covenants in exchange for certain compensation and benefits after the effective time; |

| • | Continued director and officer indemnification and liability insurance coverage in accordance with the terms of the merger agreement. |

For a more complete description of these interests, see “The Merger—Interests of Veritex’s Directors and Executive Officers in the Merger” beginning on page 51. Regulatory Approvals (page 56) Subject to the terms of the merger agreement, Huntington and Veritex have agreed to cooperate with each other and use reasonable best efforts to promptly prepare and file all documentation to obtain as promptly as practicable all permits, consents, approvals and authorizations of all third parties and governmental entities which are necessary or advisable to consummate the transactions contemplated by the merger agreement (including the merger and