Form 4: KeyCorp Director Richard J. Hipple Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Richard J. Hipple reports changes in beneficial ownership of KeyCorp shares, including the settlement of deferred shares for cash and common stock.
Summary
- Richard J. Hipple, a director of KeyCorp, filed a Form 4 to report changes in his beneficial ownership of KeyCorp securities.
- On May 13, 2024, Mr. Hipple settled 6,573 deferred shares.
- 3,287 of these deferred shares were settled for cash at a price of $14.86 per share.
- The remaining 3,287 deferred shares were settled for an equal number of KeyCorp common shares.
- Following these transactions, Mr. Hipple directly owns 85,478 common shares and 33,918 deferred shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 05/13/2024 | Date of transaction: settlement of deferred shares for cash and common stock |
| 05/15/2024 | Date of report filing |
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