Andrew J. Paine III - Feb 17, 2025 Form 4 Insider Report for KEYCORP /NEW/ (KEY)

Role
Head of Institutional Bank
Signature
Adam J. Larkins POA for Andrew J. Paine III
Stock symbol
KEY
Transactions as of
Feb 17, 2025
Transactions value $
-$235,747
Form type
4
Date filed
2/19/2025, 04:15 PM
Previous filing
Nov 8, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KEY Common Shares Options Exercise +43K +20.1% 257K Feb 17, 2025 Direct F1
transaction KEY Common Shares Tax liability -$236K -13.3K -5.17% $17.72 244K Feb 17, 2025 Direct
holding KEY Common Shares 149K Feb 17, 2025 By GRAT F2
holding KEY Common Shares 4.27K Feb 17, 2025 By spouse
holding KEY Common Shares 445 Feb 17, 2025 By Paine Investments LP
holding KEY Common Shares 25.3K Feb 17, 2025 401(k) Plan F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction KEY Restricted Stock Units Award $0 +44K $0.00 44K Feb 17, 2025 Common Shares 44K Direct F1, F4
transaction KEY Option to Buy Award $0 +52.7K $0.00 52.7K Feb 17, 2025 Common Shares 52.7K $19.49 Direct F5
transaction KEY Restricted Stock Units Options Exercise $0 -11.5K -100% $0.00 0 Feb 17, 2025 Common Shares 11.5K Direct F1, F6, F7
transaction KEY Restricted Stock Units Options Exercise $0 -8.53K -50% $0.00 8.53K Feb 17, 2025 Common Shares 8.53K Direct F1, F8, F9
transaction KEY Restricted Stock Units Options Exercise $0 -10.6K -33.33% $0.00 21.2K Feb 17, 2025 Common Shares 10.6K Direct F1, F10, F11
transaction KEY Restricted Stock Units Options Exercise $0 -12.4K -25% $0.00 37.1K Feb 17, 2025 Common Shares 12.4K Direct F1, F12, F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents the right to receive one KeyCorp common share at vesting.
F2 These shares are held in a grantor retained annuity trust for the benefit of the reporting person and the reporting person's children. The reporting person is the trustee of the trust.
F3 Reported as of February 14, 2025.
F4 These restricted stock units, granted on February 17, 2025, vest in four equal annual installments beginning on February 17, 2026.
F5 The option to buy, granted on February 17, 2025, vests in four equal annual installments beginning on February 17, 2026.
F6 These restricted stock units, granted on February 15, 2021, vest in four equal annual installments. The final installment vested on February 17, 2025.
F7 Includes approximately 596 dividend-equivalent restricted stock units accrued between March and December 2024.
F8 These restricted stock units, granted on February 14, 2022, vest in four equal annual installments beginning on February 17, 2023.
F9 Includes approximately 883 dividend-equivalent restricted stock units accrued between March and December 2024.
F10 These restricted stock units, granted on February 17, 2023, vest in four equal annual installments beginning on February 17, 2024.
F11 Includes approximately 1,650 dividend-equivalent restricted stock units accrued between March and December 2024.
F12 These restricted stock units, granted on February 16, 2024, vest in four equal annual installments beginning on February 17, 2025.
F13 Includes approximately 2,563 dividend-equivalent restricted stock units accrued between March and December 2024.