Form 4: KeyCorp Director Devina A. Rankin Reports Changes in Beneficial Ownership

Director Devina A. Rankin reports acquisition of deferred shares in KeyCorp through the Directors' Deferred Share Sub-Plan.

Summary

• Devina A. Rankin, a director of KeyCorp, filed a Form 4 on October 2, 2024, reporting changes in beneficial ownership.
• The earliest transaction date reported was September 30, 2024.
• Rankin acquired 1,716 deferred shares through the Directors' Deferred Share Sub-Plan at a price of $16.75 per share.
• Following the reported transaction, Rankin beneficially owns 13,430 common shares directly and 58,236 deferred shares.
• Payment of the deferred shares is deferred until the earlier of October 1, 2028, or the death of the participant.
• The reported holdings include approximately 711 dividend-equivalent deferred shares accrued in September 2024.

Sentiment

Score: 7

Explanation: Routine filing indicating director's continued investment in the company, generally viewed as neutral to slightly positive.

Positives

• The acquisition of deferred shares indicates the director's continued investment and alignment with the company's long-term performance.

Future Outlook

The payment of deferred shares is scheduled for the earlier of October 1, 2028, or the death of the participant.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the director's holdings in the company.

Key Dates