Company: HBAN
Filing Date: 2025-11-13
Form Type: S-4
Source: 0001140361-25-041757
Chunk: 223

Company: HUNTINGTON BANCSHARES INC /MD/
Filing Date: 2025-11-13
Form: S-4
Chunk 223
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 such day is a business day.

The Huntington series K preferred stock does not have a maturity date, and Huntington is not required to redeem the series K preferred stock. Accordingly, the series K preferred stock and the depositary shares will remain outstanding indefinitely, unless and until Huntington decides to redeem it pursuant to the terms of the articles supplementary. Huntington may redeem the series K preferred stock at its option, (i) in whole or in part, from time to time, on any dividend payment date on or after October 15, 2030 or (ii) in whole but not in part, within ninety (90) days following a Regulatory Capital Treatment Event (as defined in the articles supplementary), at a redemption price equal to $100,000 per share (equivalent to $1,000 per depositary share), plus any authorized, declared and unpaid dividends in any prior dividend period and, solely in the case of a redemption following a Regulatory Capital Treatment Event, the pro-rated portion of unpaid dividends, whether or not declared, for the dividend period in which such redemption occurs. If Huntington redeems the series K preferred stock, the depositary (as defined below) will redeem a proportional number of depositary shares. Neither the holders of series K preferred stock nor holders of depositary shares will have the right to require the**

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redemption or repurchase of the series K preferred stock. Any redemption of the series K preferred stock is subject to Huntington’s receipt of any required prior approval by the Board of Governors of the Federal Reserve System or other successor regulatory authority and to the satisfaction of any conditions set forth in the capital guidelines or regulations of the Federal Reserve applicable to redemption of the series K preferred stock. Except as indicated below, or with respect to certain fundamental changes in the terms of the series K preferred stock and certain other matters, the holders of the Huntington series K preferred stock do not have any voting rights:

| • | If and when the dividends on the series K preferred stock are not paid in full for at least six (6) quarterly dividend periods or their equivalent, whether or not consecutive, the holders of the series K preferred stock, acting as a single class with any other parity securities having similar voting rights that are then exercisable, will have the right to elect two (2) directors to Huntington’s board of directors but only if the election of any such directors would not cause Huntington to violate the corporate governance requirement of the NASDAQ (or any other exchange on which Huntington