Company: HBAN
Filing Date: 2025-03-06
Form Type: DEF 14A
Source: 0001308179-25-000044
Chunk: 6

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-03-06
Form: DEF 14A
Chunk 6
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2025 Proxy Statement |

| Election of Directors |

| Stephen                 
 D. Steinour             |                                                                                                                                                               |
| Executive Committee     
 Bath & Body Works, Inc. | Audit/Financial ReportingClient/Consumer Marketing, Branding & CommunicationCompensation & Human Capital ManagementCorporate ResponsibilityFinancial Services 
 Government, Public Policy & RegulatoryPublic Company ExecutiveRisk ManagementStrategic Planning/M&ATechnology, Cybersecurity & Information Security           |

| Huntington Bancshares Incorporated      2025 Proxy Statement | 31 |

| Election of Directors |

| Jeffrey         
 L. Tate         |                                                                                    |
| Audit Committee | Audit/Financial ReportingCompensation & Human Capital ManagementFinancial Services 
 Public Company ExecutiveRisk ManagementStrategic Planning/M&A                      |

| 32 | Huntington Bancshares Incorporated      2025 Proxy Statement |

| Election of Directors |

| Gary                            
 Torgow                          |                                                                                                                                                  |
| Community Development Committee 
 DTE Energy Company              | Audit/Financial ReportingCompensation & Human Capital ManagementCorporate ResponsibilityFinancial ServicesGovernment, Public Policy & Regulatory 
 LegalPublic Company ExecutiveRisk ManagementStrategic Planning/M&A                                                                               |

| Huntington Bancshares Incorporated      2025 Proxy Statement | 33 |

| Election of Directors     
 Compensation of Directors |

Compensation of Directors Our compensation philosophy for the Board is to provide compensation to non-employee Directors that reflects the significant time commitment and substantial contributions the Directors are expected to make to the value creation and governance of Huntington. The compensation levels and structure for Directors are designed, with the input of the independent compensation consultant, to enable us to attract and retain high caliber talent at a national level and also to align the Directors’ interests with those of our shareholders. The program is retainer-based and paid in a combination of cash and equity. A meaningful portion of Director compensation is paid in equity that is subject to ownership requirements. Meeting fees in cash are paid only when the number of meetings exceed a certain threshold. The CEO and Mr. Torgow do not receive compensation for their service as a Director. The HRCC performs a review of the compensation program for Directors each year facilitated by the independent compensation consultant. In 2021, the HRCC set the Director annual cash retainer at $100,000 and the Director annual equity retainer at $137,500 to align with market practices.

| Base            
 Compensation    |     |                  |     |                                                                                                                         |
|                 |     |                  |     | Director                                                                                                                
 Equity Compensation                                                                                                     
 A meaningful portion                                                                                                    
 of Director compensation is paid in equity that is subject to ownership