Douglas M. Schosser - 17 Feb 2023 Form 4/A - Amendment Insider Report for KEYCORP /NEW/ (KEY)

Role
Chief Accounting Officer
Signature
Adam J. Larkins POA for Douglas M. Schosser
Issuer symbol
KEY
Transactions as of
17 Feb 2023
Net transactions value
$0
Form type
4/A - Amendment
Filing time
25 Apr 2023, 16:24:43 UTC
Date Of Original Report
22 Feb 2023
Previous filing
28 Feb 2022
Next filing
28 Feb 2023
SEC
View on sec.gov

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 +5,954 +105% 11,621 17 Feb 2023 Common Shares 5,954 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 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.