Company: HBAN
Filing Date: 2025-11-13
Form Type: S-4
Source: 0001140361-25-041757
Chunk: 172

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-11-13
Form: S-4
Chunk 172
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, will be assumed and converted into a restricted stock award of shares of Huntington common stock subject to vesting, repurchase or other lapse restriction with the same terms and conditions as were applicable under such Cadence restricted stock award immediately prior to the effective time (including vesting terms), and relating to the number of shares of Huntington common stock equal to the product of (i) the number of shares of Cadence common stock subject to such Cadence restricted stock award immediately prior to the effective time,multiplied by(ii) the exchange ratio, with any fractional shares rounded to the nearest whole share of Huntington common stock. |

Cadence Restricted Stock Unit Awards At the effective time, each Cadence restricted stock unit award will be treated as follows:

| • | Each Cadence restricted stock unit award that is held by a non-employee member of the Cadence board of directors will fully vest and be converted automatically into the right to receive (i) a number of shares of Huntington common stock equal to the product of (A) the number of shares of Cadence common stock subject to such Cadence restricted stock unit award immediately prior to the effective time,multiplied by(B) the exchange ratio, with any fractional shares rounded to the nearest whole share of Huntington common stock and (ii) an amount in cash equal to the dividend equivalent payments with respect to such Cadence restricted stock unit award that are accrued but unpaid as of the effective time; and |

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#### TABLE OF CONTENTS
At or prior to the effective time, the Cadence board of directors (or its compensation committee) will adopt any resolutions and take any actions that are necessary for the treatment of the Cadence equity awards under the merger agreement.

#### Closing and Effective Time of the Merger
**Subject to the terms and conditions of the merger agreement, the closing of the merger will take place at 10:00 a.m., New York City time, remotely via the electronic exchange of closing deliveries, on a date no later than three (3) business days after the satisfaction or waiver (subject to applicable law) of the latest to occur of the conditions precedent set forth in the merger agreement (other than those conditions that by their nature can only be satisfied at the closing of the merger, but subject to the satisfaction or waiver of such conditions), unless another date, time or place is agreed to in writing by Huntington and Cadence (the date on which the closing occurs is referred to as the “closing date”).

On or before the closing date, Huntington National Bank and Cadence