Company: HBAN
Filing Date: 2025-11-13
Form Type: S-4
Source: 0001140361-25-041757
Chunk: 158

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-11-13
Form: S-4
Chunk 158
---
2.5 million death benefit, will vest in full in his life insurance benefit. The value of such vesting is estimated at $317,500 and is based on Mr. Lambert’s individual life expectancy and a discount rate applied to the full benefit. For more information, see “—Merger-Related Compensation for Cadence’s Named Executive Officers—Golden Parachute Compensation” below.

Potential Post-Closing Employment Arrangements with Huntington

Any of Cadence’s other executive officers who become officers or employees of, or are otherwise retained to provide services to, Huntington or the surviving corporation may, before, on, or following the closing, enter into new individualized compensation arrangements with Huntington or the surviving corporation and may participate in cash or equity incentive or other benefit plans maintained by Huntington or the surviving**

<div align='center'>95</div>

TABLE OF CONTENTS

corporation. As of the date of this joint proxy statement/prospectus, no new individualized compensation arrangements between Cadence’s executive officers (other than Mr. Rollins) and Huntington or the surviving corporation have been entered into. Membership of the Board of Directors of Huntington Huntington will take all appropriate action so that three current directors of Cadence will be appointed to the Board of Directors of Huntington. Each of the directors so appointed will be designated by Huntington, it being agreed that one of the designated directors will be James D. Rollins III. In addition, as of the effective time of the merger, Mr. Rollins will be appointed as Vice Chairman of the boards of directors of each of Huntington and Huntington National Bank. For additional information, see “The Merger—Governance of Huntington After the Merger” beginning on page 97and “—Letter Agreement with Mr. Rollins” above. Non-employee members of the board of directors of Huntington (other than Mr. Rollins) will be compensated for such service. As of the date of this joint proxy statement/prospectus, no decisions have been made with respect to which current members of the Cadence board of directors will serve on the board of directors of Huntington after the merger (other than Mr. Rollins). Indemnification; Directors’ and Officers’ Insurance Under the merger agreement, each present and former director and officer of Cadence or any of its subsidiaries is entitled to certain continued indemnification and insurance coverage through the combined bank for acts or omissions occurring at or prior to the effective time of the merger. For additional information, see “The Merger Agreement—Coven