Form 4: KeyCorp Director H. James Dallas Reports Acquisition of Deferred Shares

Director H. James Dallas reports acquisition of deferred shares in KeyCorp, with future payout scheduled for 2028.

Summary

• H. James Dallas, a director of KeyCorp, filed a Form 4 on May 19, 2025, reporting a transaction.
• The transaction involved the acquisition of 8,798 deferred shares on May 15, 2025, under KeyCorp's Amended and Restated Directors' Deferred Share Sub-Plan of the KeyCorp Amended and Restated 2019 Equity Compensation Plan.
• These deferred shares are the economic equivalent of common shares.
• Dallas beneficially owns 129,710 common shares directly.
• The payout of the deferred shares will be on May 15, 2028, with one-half paid in common shares and one-half in cash.
• Following the reported transaction, Dallas holds 35,905 deferred shares.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing regarding director compensation, indicating a neutral sentiment.

Future Outlook

The deferred shares will be paid out on May 15, 2028, in a combination of common shares and cash.

Industry Context

This filing is a routine disclosure of a director's acquisition of deferred shares, a common form of executive compensation in publicly traded companies.

Stakeholder Impact

• The acquisition of deferred shares by a director could be viewed positively by shareholders as it aligns the director's interests with the long-term performance of the company.

Key Dates

Keywords

Form 4, KeyCorp, Director, Deferred Shares, Beneficial Ownership, Equity Compensation