Christopher M. Gorman - Feb 16, 2024 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 16, 2024
Transactions value $
-$316,322
Form type
4
Date filed
2/21/2024, 06:50 PM
Previous filing
Feb 15, 2024
Next filing
Feb 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KEY Common Shares Options Exercise +72.2K +8.28% 944K Feb 17, 2024 Direct F1, F2
transaction KEY Common Shares Tax liability -$316K -22.5K -2.38% $14.07 922K Feb 17, 2024 Direct
holding KEY Common Shares 180K Feb 16, 2024 By GRAT F3
holding KEY Common Shares 4.81K Feb 16, 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 +149K $0.00 149K Feb 16, 2024 Common Shares 149K Direct F1, F5
transaction KEY Option to Buy Award $0 +204K $0.00 204K Feb 16, 2024 Common Shares 204K $15.48 Direct F6
transaction KEY Restricted Stock Units Options Exercise $0 -19.6K -50% $0.00 19.6K Feb 17, 2024 Common Shares 19.6K Direct F1, F7, F8
transaction KEY Restricted Stock Units Options Exercise $0 -23.3K -33.33% $0.00 46.6K Feb 17, 2024 Common Shares 23.3K Direct F1, F9, F10
transaction KEY Restricted Stock Units Options Exercise $0 -29.4K -25% $0.00 88.1K Feb 17, 2024 Common Shares 29.4K 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.