Christopher M. Gorman - Feb 24, 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 24, 2024
Transactions value $
-$133,160
Form type
4
Date filed
2/27/2024, 04:40 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 +20.6K +2.23% 943K Feb 24, 2024 Direct F1
transaction KEY Common Shares Tax liability -$133K -9.34K -0.99% $14.26 933K Feb 24, 2024 Direct
holding KEY Common Shares 180K Feb 24, 2024 By GRAT F2
holding KEY Common Shares 4.81K Feb 24, 2024 401(k) Plan 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 -20.6K -100% $0.00* 0 Feb 24, 2024 Common Shares 20.6K 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 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.
F3 Reported as of February 14, 2024.
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 1,373 dividend-equivalent restricted stock units accrued between March and December 2023.