Christopher M. Gorman - 16 Feb 2024 Form 4 Insider Report for KEYCORP /NEW/ (KEY)

Role
Chairman and CEO, Director
Signature
Adam J. Larkins POA for Christopher M. Gorman
Issuer symbol
KEY
Transactions as of
16 Feb 2024
Net transactions value
-$316,322
Form type
4
Filing time
21 Feb 2024, 18:50:25 UTC
Previous filing
15 Feb 2024
Next filing
27 Feb 2024
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 +72,216 +8.3% 944,454 17 Feb 2024 Direct F1, F2
transaction KEY Common Shares Tax liability $316,322 -22,482 -2.4% $14.07 921,972 17 Feb 2024 Direct
holding KEY Common Shares 180,000 16 Feb 2024 By GRAT F3
holding KEY Common Shares 4,813 16 Feb 2024 401(k) Plan F4

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 Award $0 +149,253 $0.000000 149,253 16 Feb 2024 Common Shares 149,253 Direct F1, F5
transaction KEY Option to Buy Award $0 +204,081 $0.000000 204,081 16 Feb 2024 Common Shares 204,081 $15.48 Direct F6
transaction KEY Restricted Stock Units Options Exercise $0 -19,558 -50% $0.000000 19,558 17 Feb 2024 Common Shares 19,558 Direct F1, F7, F8
transaction KEY Restricted Stock Units Options Exercise $0 -23,286 -33% $0.000000 46,571 17 Feb 2024 Common Shares 23,286 Direct F1, F9, F10
transaction KEY Restricted Stock Units Options Exercise $0 -29,373 -25% $0.000000 88,119 17 Feb 2024 Common Shares 29,373 Direct F1, F11, F12
* 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 Includes approximately 39 common shares acquired under the KeyCorp Amended and Restated Discount Stock Purchase Plan since the date of the last report.
F3 These shares are held in a grantor retained annuity trust for the benefit of the reporting person and the reporting person's children. The reporting person is the trustee of the trust.
F4 Reported as of February 14, 2024.
F5 These restricted stock units, granted on February 16, 2024, vest in four equal annual installments beginning on February 17, 2025.
F6 The option to buy, granted on February 16, 2024, vests in four equal annual installments beginning on February 17, 2025.
F7 These restricted stock units, granted on February 15, 2021, vest in four equal annual installments beginning on February 17, 2022.
F8 Includes approximately 2,607 dividend-equivalent restricted stock units accrued between March and December 2023.
F9 These restricted stock units, granted on February 14, 2022, vest in four equal annual installments beginning on February 17, 2023.
F10 Includes approximately 4,657 dividend-equivalent restricted stock units accrued between March and December 2023.
F11 These restricted stock units, granted on February 17, 2023, vest in four equal annual installments beginning on February 17, 2024.
F12 Includes approximately 7,832 dividend-equivalent restricted stock units accrued between March and December 2023.