Company: HBAN
Filing Date: 2025-03-06
Form Type: DEF 14A
Source: 0001308179-25-000044
Chunk: 32

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-03-06
Form: DEF 14A
Chunk 32
---
3X       |
| Standridge |     | 3X       |
| Hingst     |     | 3X       |
| Kleinman   |     | 3X       |

| (1) | For the purpose of the stock ownership                                                                                            
 policy, stock owned includes stock purchased in the open market, stock received upon vesting or exercise of equity awards granted 
 by Huntington, stock held in Huntington benefit and deferred compensation plans, unvested time-based RSUs and restricted stock    
 awards, and stock held by an immediate family member sharing the same household.                                                  |

Hedging and Pledging Prohibition The HRCC has a policy prohibiting hedging and pledging activity in equity securities of Huntington. The policy applies to Huntington’s Directors, executive officers, other members of Huntington’s ELT, and other officers subject to Section 16 of the Exchange Act. The hedging and pledging prohibitions apply with respect to any interests in Huntington securities owned by the covered persons, directly or indirectly, whether granted by Huntington as compensation or otherwise acquired and held. Prohibited hedging activity includes using financial instruments (including, but not limited to, prepaid variable forward contracts, equity swaps, collars, options, and exchange funds) or otherwise engaging in transactions that are designed to, or have the effect of, hedging or offsetting any decrease in the market value of Huntington securities. Huntington equity securities may not be pledged as collateral for a loan or held in a margin account. Annual Long-Term Incentive Award Grant Practices The Long-Term Incentive Plan permits the HRCC to designate a grant date effective following the date of its action. The HRCC has adopted a practice of granting equity awards on a pre-established date to avoid any appearance of coordination with the release of material non-public information. We grant our annual LTI awards in March in order to improve the incentive-setting process and better align with peers. Under the Company’s stock plan, fair market value is generally defined as the closing price on the applicable date. We prohibit the repricing of previously-granted stock options without shareholder approval.

| Huntington Bancshares Incorporated      2025 Proxy Statement | 87 |

| Compensation                       
 of Executive Officers              
 Compensation Discussion & Analysis |

Recoupment of Incentive Compensation We have multiple overlapping ways to hold our colleagues, including our NEOs, accountable and recover compensation. These include (i) terms of our Long-Term Incentive Plans, (ii) terms of our Annual Incentive Plan, (