Company: HBAN
Filing Date: 2025-11-13
Form Type: S-4
Source: 0001140361-25-041757
Chunk: 222

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-11-13
Form: S-4
Chunk 222
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 J preferred stock and each class or series of serial preferred stock Huntington may issue in the future, the terms of which expressly provide that such class or series will rank on a parity with the series K preferred stock as to dividend rights and rights on liquidation, winding-up and dissolution of Huntington and (ii) senior to Huntington’s common stock and each other class or series of serial preferred stock Huntington may issue in the future the terms of which do not expressly provide that it ranks on a parity with or senior to the series K preferred stock as to dividend rights and rights on liquidation, winding-up and dissolution of Huntington.

The Huntington series K preferred stock does not entitle the holder to any preemptive or conversion rights.

Dividends on the Huntington series K preferred stock will be payable when, as and if authorized by Huntington’s board of directors or a duly authorized committee thereof and declared by Huntington out of legally available funds, on a non-cumulative basis. From the issue date to, but excluding, October 15, 2030, dividends on the series K preferred stock will accrue on a non-cumulative basis at a rate of 6.250% per annum on the liquidation preference of $100,000 per share, payable quarterly, in arrears, on the fifteenth day of each January, April, July and October, commencing on January 15, 2026 and ending on October 15, 2030. From and including October 15, 2030, dividends on the series K preferred stock will accrue on a non-cumulative basis at the five (5)-year treasury rate as of the most recent reset dividend determination date plus 2.653% for each reset period on the liquidation preference of $100,000 per share, payable quarterly, in arrears, on the fifteenth day of each January, April, July and October, commencing on January 15, 2031. “Reset dividend determination date” means, in respect of any reset period, the day falling three business days prior to the beginning of such reset period. “Reset period” means the period from and including October 15, 2030 to, but excluding, the next following reset date and thereafter each period from and including each reset date to, but excluding, the next following reset date. “Reset date” means October 15, 2030 and each date falling on the fifth (5th) anniversary of the preceding reset date, in each case, regardless of whether