Christopher M. Gorman - Feb 17, 2023 Form 4 Insider Report for KEYCORP /NEW/ (KEY)

Role: Chairman and CEO, Director
Signature: Adam J. Larkins POA for Christopher M. Gorman
Stock symbol: KEY
Transactions as of: Feb 17, 2023
Transactions value $: -$361,897
Form type: 4
Date filed: 2/22/2023, 03:30 PM
Previous filing: Dec 14, 2022
Next filing: Feb 28, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KEY	Common Shares	Options Exercise		+58.9K	+6.5%		966K	Feb 17, 2023	Direct	F1
transaction	KEY	Common Shares	Tax liability	-$362K	-18.9K	-1.96%	$19.15	947K	Feb 17, 2023	Direct
holding	KEY	Common Shares						4.46K	Feb 17, 2023	401(k) Plan	F2

Showing 1 to 3 of 3 entries

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	-19K	-100%	$0.00^*	0	Feb 17, 2023	Common Shares	19K		Direct	F1, F3, F4
transaction	KEY	Restricted Stock Units	Options Exercise	$0	-18.3K	-33.33%	$0.00	36.5K	Feb 17, 2023	Common Shares	18.3K		Direct	F1, F5, F6
transaction	KEY	Restricted Stock Units	Options Exercise	$0	-21.7K	-25%	$0.00	65.2K	Feb 17, 2023	Common Shares	21.7K		Direct	F1, F7, F8
transaction	KEY	Restricted Stock Units	Award	$0	+110K		$0.00	110K	Feb 17, 2023	Common Shares	110K		Direct	F1, F9
transaction	KEY	Option to Buy	Award	$0	+165K		$0.00	165K	Feb 17, 2023	Common Shares	165K	$21.07	Direct	F10

* 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 February 13, 2023.
F3	These restricted stock units, granted on February 18, 2019, vested in four equal annual installments ending on February 17, 2023.
F4	Includes approximately 778 dividend-equivalent restricted stock units accrued between March and December 2022.
F5	These restricted stock units, granted on February 15, 2021, vest in four equal annual installments beginning on February 17, 2022.
F6	Includes approximately 2,249 dividend-equivalent restricted stock units accrued between March and December 2022.
F7	These restricted stock units, granted on February 14, 2022, vest in four equal annual installments beginning on February 17, 2023.
F8	Includes approximately 3,570 dividend-equivalent restricted stock units accrued between March and December 2022.
F9	These restricted stock units, granted on February 17, 2023, vest in four equal annual installments beginning on February 17, 2024.
F10	The option to buy, granted on February 17, 2023, vests in four equal annual installments beginning on February 17, 2024.