Company: HBAN
Filing Date: 2025-12-01
Form Type: S-4/A
Source: 0001140361-25-043815
Chunk: 157

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-12-01
Form: S-4/A
Chunk 157
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 breached the non-competition covenant after delivery of timely notice to Mr. Rollins of such breach and Mr. Rollins’s failure to timely cure (to the extent curable), then Mr. Rollins will promptly repay the Restrictive Covenant Payment to Huntington on an after-tax basis.

#### Other Benefits
**In connection with the transaction, Cadence may grant cash- or equity-based retention awards to Cadence employees and service providers (including executive officers), in the amounts and on the terms generally determined by the Cadence CEO in consultation with the Huntington CEO. As of the date of this joint proxy statement/prospectus, no such retention awards have been made or determined to be made with respect to any of Cadence’s directors or executive officers.

At the effective time, irrespective of whether or not she experiences a termination of employment, Ms. Toalson will be entitled to receive the normal retirement (age 65) benefit under the Supplemental Executive Retirement Plan as a result of the merger, increasing her benefit by $44,006 per year for ten years. Additionally, at the effective time, irrespective of whether or not he experiences a termination of employment, Mr. Lambert, who participates in the split dollar plan, which has a $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**

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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