Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | KEY | Deferred Shares | Award | +5.95K | +105.06% | 11.6K | Feb 17, 2023 | Common Shares | 5.95K | Direct | F1, F2, F3, F4, F5 |
Id | Content |
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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 5,954 shares of common stock was deferred, resulting in the reporting person's receipt instead of 5,954 deferred shares pursuant to KeyCorp's Long-Term Incentive Deferral Plan. |
F5 | Includes approximately 233 dividend-equivalent deferred shares accrued between March and December 2022. |