Company: HBAN
Filing Date: 2025-12-01
Form Type: S-4/A
Source: 0001140361-25-043815
Chunk: 153

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-12-01
Form: S-4/A
Chunk 153
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 the estimated aggregate amount that would be realized by the 12 Cadence non-employee directors in settlement of their Cadence equity awards (including associated dividend equivalent rights thereon) that are outstanding as of the Assumed Closing Date is $1,464,203. Cadence Change in Control Agreements Cadence is party to CIC Agreements with each of its executive officers, including its named executive officers. Under each CIC Agreement, if the executive officer experiences a qualifying termination of employment, in each case, within the 12-month period following a change in control, the executive officer is entitled to receive the following severance payments and benefits (the “CIC Benefits”):

| • | an amount in cash equal to 300% (for Mr. Rollins), 250% (for Mr. Bagley and Ms. Toalson) or 200% (for Messrs. Braddock, Lambert, and each of the six other executive officers who is not a named executive officer) of annual base salary as in effect at closing; |

| • | an amount in cash equal to 300% (for Mr. Rollins), 250% (for Mr. Bagley and Ms. Toalson) or 200% (for Messrs. Braddock, Lambert, and each of the six other executive officers who is not a named executive officer) of annual target incentive opportunity as in effect at closing; |

| • | an amount equal to the cost of COBRA coverage (less the employee-paid portion of premiums) for 36 months (for Messrs. Rollins and Bagley), 30 months (for Ms. Toalson), 24 months (for Messrs. Braddock, Lambert, and four other executive officers who are not named executive officers) or 12 months (for two other executive officers who are not named executive officers); |

| • | continued participation in executive fringe benefits offered to similarly situated executives immediately prior to the change in control for 36 months (for Messrs. Rollins and Bagley), 30 months (for |

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Ms. Toalson), 24 months (for Messrs. Braddock, Lambert, and four executive officers who are not named executive officers) or 12 months (for two executive officers who are not named executive officers), or a cash payment equal to the value of such participation for Messrs. Rollins and Bagley; and

| • | full vesting of outstanding Cadence equity awards