Form 4: KeyCorp Director Richard J. Hipple Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Richard J. Hipple reports transactions involving KeyCorp common shares and deferred shares, resulting in adjustments to his beneficial ownership.
Summary
- On May 12, 2025, KeyCorp Director Richard J. Hipple reported changes in his beneficial ownership of KeyCorp securities.
- He settled 4,312 deferred shares for cash at $14.7 per share and 4,314 deferred shares for an equal number of KeyCorp common shares.
- These transactions resulted in a decrease in his direct holdings of common shares from 95,732 to 91,420.
- The report also includes dividend reinvestments and dividend-equivalent deferred shares accrued between June 2024 and March 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the director's holdings.
- The transactions do not appear to have any impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| June 2024 | Start date for dividend reinvestments and accrual of dividend-equivalent deferred shares. |
| March 2025 | End date for dividend reinvestments and accrual of dividend-equivalent deferred shares. |
| 05/12/2025 | Date of the reported transactions involving deferred shares and common shares. |
| 05/14/2025 | Date of signature for the report. |
Keywords
beneficial ownership, Form 4, KeyCorp, director, Hipple, securities, deferred shares, common shares, dividend reinvestment
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