Andrew J. Paine III - Feb 24, 2024 Form 4 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 24, 2024
Transactions value $
-$95,713
Form type
4
Date filed
2/27/2024, 04:39 PM
Previous filing
Feb 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KEY Common Shares Options Exercise +14.8K +6.72% 235K Feb 24, 2024 Direct F1
transaction KEY Common Shares Tax liability -$95.7K -6.71K -2.85% $14.26 228K Feb 24, 2024 Direct
holding KEY Common Shares 18.5K Feb 24, 2024 By spouse
holding KEY Common Shares 445 Feb 24, 2024 By Paine Investments LP
holding KEY Common Shares 24.1K Feb 24, 2024 401(k) Plan F2
holding KEY Common Shares 135K Feb 24, 2024 By GRAT F3

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 Options Exercise $0 -14.8K -100% $0.00* 0 Feb 24, 2024 Common Shares 14.8K Direct F1, F4, F5
* 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 Reported as of February 14, 2024.
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 These restricted stock units, granted on February 24, 2020, vested in four equal annual installments. The final installment vested on February 24, 2024.
F5 Includes approximately 987 dividend-equivalent restricted stock units accrued between March and December 2023.