Company: HBAN
Filing Date: 2025-03-06
Form Type: DEF 14A
Source: 0001308179-25-000044
Chunk: 42

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-03-06
Form: DEF 14A
Chunk 42
---
 after-tax result. For a period of five years after any termination of the executive officer’s employment, we will provide the executive officer with coverage under a standard directors’ and officers’ liability insurance policy at our expense, and will indemnify, hold harmless, and defend the officer to the fullest extent permitted under Maryland law against all expenses and liabilities reasonably incurred by the officer in connection with or arising out of any action, suit, or proceeding in which the officer may be involved by reason of having been a Director or officer of our Company or any subsidiary. In the event an executive officer is required to enforce any of the rights granted under his Executive Agreement, we, or our successor, will pay the cost of counsel (legal and accounting). In addition, the executive officer is entitled to prejudgment interest on any amounts found to be due in connection with any action taken to enforce such officer’s rights under the Executive Agreement. As a condition to receiving the payments and benefits under the Executive Agreements, the executive officer will be required to execute a release. Severance benefits payable in a lump sum will be paid not later than 45 business days following the date the executive’s employment terminates, subject to applicable laws and regulations. The Executive Agreements are extended annually and are subject to an extension for 24 months upon a change in control. An Executive Agreement will terminate if the executive officer’s employment terminates under circumstances that do not trigger benefits under the agreement. We may elect not to renew an agreement upon 30 days prior written notice. The estimated payments and benefits that would be paid in the event each NEO terminated employment on December 31, 2024 and became entitled to benefits under their Executive Agreement are set forth below. For purposes of quantifying these benefits, we assumed that a change in control occurred on December 31, 2024, and that the executive officer’s employment was terminated on that date without cause. The closing price of a share of our common stock on December 31, 2024, the last business day of the year, was $16.27.

| Huntington Bancshares Incorporated      2025 Proxy Statement | 101 |

| Compensation of Executive Officers 
 Executive Compensation Tables      |

| Name       |     |       Cash 
  Severance 
     ($)(1) |     |         Pro 
        Rata 
 Bonus Value 
      ($)(2) |     |     Total 
      Out- 
 placement 
     Value 
    ($)(3) |     |   Total 
 Welfare 
   Value 
  ($)(