Form 4: KeyCorp Director Gile Reports Acquisition of Deferred Shares
SEC Form 4 Filing
Director Elizabeth R. Gile reports the acquisition of deferred shares in KeyCorp, as indicated in a Form 4 filing with the SEC.
Summary
- On January 1, 2025, Elizabeth R. Gile, a director of KeyCorp, acquired 4,114 common shares through the conversion of deferred shares.
- Following the transaction, Gile directly owns 40,881 common shares and 113,166 deferred shares.
- The deferred shares include approximately 4,501 dividend-equivalent shares accrued between June 2024 and December 2024.
- The filing was signed on January 3, 2025, by Adam J. Larkins under Power of Attorney for Elizabeth R. Gile.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report changes in their beneficial ownership of company securities, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The acquisition of shares by a director can signal confidence in the company's future performance to shareholders.
Key Dates
| Date | Description |
|---|---|
| 01/01/2025 | Transaction date: Acquisition of 4,114 common shares through conversion of deferred shares. |
| 01/01/2025 | Date exercisable and expiration date for deferred shares. |
| 01/03/2025 | Date of signature by Adam J. Larkins under Power of Attorney for Elizabeth R. Gile. |
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