Form 4: KeyCorp Director Robin Hayes Reports Share Transactions
SEC Form 4 Filing
Director Robin Hayes reports the settlement of deferred shares for cash and common shares of KeyCorp on May 13, 2024.
Summary
- On May 13, 2024, Robin Hayes, a director of KeyCorp, reported transactions involving KeyCorp common shares.
- Hayes settled 3,287 deferred shares for cash at $14.86 per share.
- Hayes also settled 3,287 deferred shares for an equal number of KeyCorp common shares.
- Following these transactions, Hayes directly owns 14,503 common shares and 50,124 derivative securities.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing share transactions. It doesn't convey any specific positive or negative sentiment about the company's performance or prospects.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It doesn't necessarily reflect a broader trend in the financial services industry but rather individual investment decisions.
Comparison to Industry Standards
- Form 4 filings are standard practice for corporate insiders across all industries, including financial services.
- The reported transactions are relatively small in scale compared to the overall market capitalization of KeyCorp and are unlikely to have a significant impact on the company's stock price.
Key Dates
| Date | Description |
|---|---|
| 05/13/2024 | Date of the reported transactions: settlement of deferred shares for cash and common shares. |
| 05/15/2024 | Date of signature by Adam J. Larkins, POA for Robin N. Hayes. |
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