Form 4: KeyCorp Director Robin Hayes Reports Acquisition of Deferred Shares

Director Robin Hayes reported the acquisition of deferred shares in KeyCorp, which will be settled in common shares and cash in 2028.

Summary

• Director Robin Hayes reported a transaction involving KeyCorp securities.
• On May 15, 2025, Hayes acquired 8,798 deferred shares, each equivalent to one common share.
• These deferred shares were awarded under KeyCorp's Amended and Restated Directors' Deferred Share Sub-Plan of the KeyCorp Amended and Restated 2019 Equity Compensation Plan.
• The deferred shares will be paid out on May 15, 2028, with one-half in common shares and one-half in cash.
• Following the reported transaction, Hayes beneficially owns 22,549 common shares directly and 56,627 deferred shares.
• The reporting person has a direct ownership form.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a transaction by a company director. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The deferred shares will be paid out on May 15, 2028, with one-half in common shares and one-half in cash.

Industry Context

This filing is a routine disclosure of a director's holdings and changes in those holdings, as required by the SEC. It provides transparency to investors regarding the alignment of interests between company leadership and shareholders.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation and alignment of interests.

Key Dates

Keywords

Form 4, KeyCorp, Director, Robin Hayes, Deferred Shares, Beneficial Ownership, Equity Compensation Plan