Annual report pursuant to Section 13 and 15(d)

SHARE-BASED COMPENSATION (Tables)

v3.25.0.1
SHARE-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Share based Compensation Expense and Related Tax Benefit
The following table presents total share-based compensation expense and related tax benefit.
Year Ended December 31,
(dollar amounts in millions) 2024 2023 2022
Share-based compensation expense (1) $ 133  $ 114  $ 119 
Tax benefit 24  19  20 
(1)Compensation costs are included in personnel costs on the Consolidated Statements of Income.
Stock Option Activity and Related Information
Huntington’s stock option activity and related information was as follows.
(dollar amounts in millions, except per share and options amounts in thousands) Options Weighted-
Average
Exercise Price
Weighted-Average
Remaining
Contractual Life (Years)
 Aggregate
Intrinsic Value
Outstanding at January 1, 2024 12,922  $ 12.58 
Exercised (2,481) 11.40 
Forfeited/expired (135) 14.11 
Outstanding at December 31, 2024 10,306  $ 12.84  4.1 $ 36 
Expected to vest 471  $ 16.00  6.3 $ 129 
Exercisable at December 31, 2024 9,835  $ 12.69  4.0 $ 36 
Schedule of Restricted Stock and Performance Shares
The following table summarizes the status of Huntington’s restricted stock units and performance share units as of December 31, 2024, and activity for the year ended December 31, 2024.
Restricted Stock Units Performance Share Units
(amounts in thousands, except per share amounts) Quantity
Weighted-
Average
Grant Date
Fair Value
Per Share
 Quantity
Weighted-
Average
Grant Date
Fair Value
Per Share
Nonvested at January 1, 2024
 24,669  $ 13.15  3,220  $ 15.19 
Granted 9,060  13.12  1,975  12.95 
Vested (5,866) 11.97  (1,581) 16.04 
Forfeited (1,092) 14.38  (43) 14.31 
Nonvested at December 31, 2024 26,771  $ 14.13  3,571  $ 14.19