Andrew J. Paine III - 17 Feb 2022 Form 4 Insider Report for KEYCORP /NEW/ (KEY)

Role
Head of Institutional Bank
Signature
Carrie A. Benedict POA for Andrew J. Paine III
Issuer symbol
KEY
Transactions as of
17 Feb 2022
Net transactions value
-$262,961
Form type
4
Filing time
22 Feb 2022, 16:29:47 UTC
Previous filing
16 Feb 2022
Next filing
28 Feb 2022
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 +33,341 +17% 234,245 17 Feb 2022 Direct F1
transaction KEY Common Shares Tax liability $262,961 -10,220 -4.4% $25.73 224,025 17 Feb 2022 Direct
holding KEY Common Shares 18,514 17 Feb 2022 By spouse
holding KEY Common Shares 21,256 17 Feb 2022 401(k) Plan F2
holding KEY Common Shares 445 17 Feb 2022 By Paine Investments LP

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 Options Exercise $0 -10,591 -100% $0.000000* 0 17 Feb 2022 Common Shares 10,591 Direct F1, F3, F4
transaction KEY Restricted Stock Units Options Exercise $0 -12,980 -50% $0.000000 12,981 17 Feb 2022 Common Shares 12,980 Direct F1, F5, F6
transaction KEY Restricted Stock Units Options Exercise $0 -9,770 -25% $0.000000 29,310 17 Feb 2022 Common Shares 9,770 Direct F1, F7, F8
transaction KEY Deferred Shares Award +19,761 19,761 17 Feb 2022 Common Shares 19,761 Direct F9, F10, F11
* 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 Reported as of February 15, 2022.
F3 These restricted stock units, granted on February 19, 2018, vested in four equal annual installments ending on February 17, 2022.
F4 Includes approximately 359 dividend-equivalent restricted stock units accrued between March and December 2021.
F5 These restricted stock units, granted on February 18, 2019, vest in four equal annual installments beginning on February 17, 2020.
F6 Includes approximately 880 dividend-equivalent restricted stock units accrued between March and December 2021.
F7 These restricted stock units, granted on February 15, 2021, vest in four equal annual installments beginning on February 17, 2022.
F8 Includes approximately 1,325 dividend-equivalent restricted stock units accrued between March and December 2021.
F9 Each deferred share represents a right to receive the cash value of one share of common stock.
F10 The deferred shares become payable upon the reporting person's termination of employment with KeyCorp and its subsidiaries.
F11 In connection with the vesting on February 17, 2022, of cash-settling performance shares previously granted to the reporting person, the reporting person's receipt of the cash value of 19,761 shares of common stock was deferred, resulting in the reporting person's receipt instead of 19,761 deferred shares pursuant to KeyCorp's Long-Term Incentive Deferral Plan.