Company: HBAN
Filing Date: 2025-12-01
Form Type: S-4/A
Source: 0001140361-25-043815
Chunk: 174

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-12-01
Form: S-4/A
Chunk 174
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TABLE OF CONTENTS

Withholding Huntington will be entitled to deduct and withhold, or cause the exchange agent to deduct and withhold, from any cash in lieu of fractional shares of Huntington common stock, cash dividends or distributions payable pursuant to the merger agreement or any other amounts otherwise payable pursuant to the merger agreement to any holder of Cadence common stock, Cadence series A preferred stock or Cadence equity awards, such amounts as it is required to deduct and withhold with respect to the making of such payment or vesting or settlement of such Cadence equity awards under the Code or any provision of state, local or foreign tax law, which taxes shall be satisfied by Huntington withholding the number of shares of Huntington common stock necessary to satisfy applicable withholding taxes that would otherwise be issuable to the holder of a Cadence equity award in respect of such Cadence equity award. To the extent that amounts or shares of Huntington Common Stock, as applicable, are so withheld by Huntington or the exchange agent, as the case may be, and the applicable taxes are timely paid over to the appropriate governmental authority, the withheld amounts or shares of Huntington common stock will be treated for all purposes of the merger agreement as having been paid or delivered to the holder of Cadence common stock, Cadence series A preferred stock or Cadence equity awards in respect of which the deduction and withholding was made by Huntington or the exchange agent, as the case may be. Notwithstanding anything in the merger agreement to the contrary, any amounts payable in connection with the closing in respect of any Cadence equity award with respect to employee award holders of Cadence and its subsidiaries may be made through the payroll system of the surviving bank or one of its affiliates. Dividends and Distributions No dividends or other distributions declared with respect to Huntington common stock or depositary shares in respect of new Huntington preferred stock will be paid to the holder of any unsurrendered old certificate representing shares of Cadence common stock or Cadence series A preferred stock, as applicable, until the holder thereof surrenders such old certificate in accordance with the merger agreement. After the surrender of an old certificate in accordance with the merger agreement, the record holder thereof will be entitled to receive any such dividends or other distributions, without any interest thereon, which theretofore had become payable with respect to the whole shares of Huntington common stock or shares of new Huntington preferred stock (or any depositary shares in respect thereof) which the shares of Cadence common stock or Cadence series A preferred stock, as applicable, represented by such