Andrew J. Paine III - Feb 17, 2023 Form 4/A - Amendment 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, 2023
Transactions value $
$0
Form type
4/A - Amendment
Date filed
4/25/2023, 04:24 PM
Date Of Original Report
Feb 22, 2023
Previous filing
Feb 28, 2022
Next filing
Feb 28, 2023

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 Deferred Shares Award +19.6K +94.93% 40.2K Feb 17, 2023 Common Shares 19.6K Direct F1, F2, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each deferred share represents a right to receive the cash value of one share of common stock.
F2 The originally reported amount of deferred shares granted represented the deferral of the reporting person's payout of cash-settling performance shares at "target" (100%) rather than at the performance level approved by KeyCorp's Compensation and Organization Committee, which was 113.3%. The amended amount includes a proportional number of additional deferred shares.
F3 The deferred shares become payable upon the reporting person's termination of employment with KeyCorp and its subsidiaries.
F4 In connection with the vesting on February 17, 2023, of cash-settling performance shares previously granted to the reporting person, the reporting person's receipt of the cash value of 19,563 shares of common stock was deferred, resulting in the reporting person's receipt instead of 19,563 deferred shares pursuant to KeyCorp's Long-Term Incentive Deferral Plan.
F5 Includes approximately 846 dividend-equivalent deferred shares accrued between March and December 2022.