Form 4: KeyCorp Director Highsmith Settles Deferred Shares for Cash and Stock
SEC Form 4 Filing
Director Carlton L. Highsmith settled deferred shares of KeyCorp for cash and common stock on May 13, 2024, according to a Form 4 filing.
Summary
- On May 13, 2024, Carlton L. Highsmith, a director of KeyCorp, settled 6,573 deferred shares.
- 3,287 of these deferred shares were settled for cash.
- The remaining 3,287 deferred shares were settled for an equal number of KeyCorp common shares.
- The price per share for the cash settlement was $14.86.
- Following these transactions, Highsmith directly owns 56,864 common shares and 33,918 deferred shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing insider transactions, with no inherent positive or negative sentiment. It simply reports facts.
Industry Context
Form 4 filings are standard disclosures for corporate insiders and provide transparency into their transactions in company stock.
Key Dates
| Date | Description |
|---|---|
| 05/13/2024 | Date of transaction: settlement of deferred shares for cash and common stock. |
| 05/15/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.