Company: HBAN
Filing Date: 2025-03-06
Form Type: DEF 14A
Source: 0001308179-25-000044
Chunk: 22

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-03-06
Form: DEF 14A
Chunk 22
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section for additional information about our strategy.

| 68 | Huntington Bancshares Incorporated      2025 Proxy Statement |

| Compensation of Executive Officers 
 Compensation Discussion & Analysis |

2024 Highlights

| EPS of $1.22.                                                               |
| Total revenue increased 0.5% to $7.4 billion.(1)                            |
| Total assets increased 8% to $204 billion at December 31, 2024              
 from $189 billion at December 31, 2023.                                     |
| Period-end total loans increased $8.1 billion, or 6.6%, year-over-year.     |
| Period-end total deposits increased $11.2 billion, or 7.4%, year-over-year. |
| Year-end dividend yield of 3.8% based on last paid dividend rate.           |

| (1) | On a fully-taxable equivalent (FTE) basis assuming 
 a 21% tax rate.                                    |

Pay for Performance Alignment Our objective is to pay for performance that creates long-term shareholder value. Our track record of paying for performance continued in 2024. Consideration of “Say-on-Pay”/Shareholder Outreach At our 2024 Annual Meeting, 86.9% of votes cast were in favor of our “say-on-pay” advisory vote, and that support has averaged approximately 92% at annual meetings held in the last five years. During 2024, we continued our outreach to shareholders, extending invitations to investors collectively owning over 58% of our outstanding common stock, and held meetings on a variety of topics with investors owning in the aggregate approximately 25% of our common stock as of December 31, 2024. Based on the “say-on-pay” votes and investor feedback received, the HRCC utilized similar compensation metrics in 2024. We continue to monitor emerging trends and best practices and seek ways to enhance our compensation programs as part of our ongoing mission to continually strengthen our compensation practices based on our philosophy, market best practices, and feedback received from shareholders throughout the year.

| Huntington Bancshares Incorporated      2025 Proxy Statement | 69 |

| Compensation of Executive          
 Officers                           
 Compensation Discussion & Analysis |

Executive Compensation Program Features Our Business and Our Compensation Philosophy Philosophy and Decision-Making Process We provide a balanced total compensation package for executive officers that includes both fixed and variable performance-based elements. Our compensation philosophy is to pay for performance that we believe creates long-term shareholder value while balancing risk and reward through a mix of base pay