Form 4: KeyCorp Director Todd J. Vasos Reports Changes in Beneficial Ownership

Director Todd J. Vasos reports acquisition of deferred shares in KeyCorp through a deferred compensation plan.

Summary

• Todd J. Vasos, a director at KeyCorp, filed a Form 4 with the SEC on October 2, 2024.
• The report details changes in beneficial ownership of KeyCorp securities.
• Vasos acquired 1,865 deferred shares on September 30, 2024, through the Directors' Deferred Share Sub-Plan.
• These deferred shares are the economic equivalent of common shares and were acquired at a price of $16.75 per share.
• Vasos now beneficially owns 19,460 common shares directly.
• He also holds 59,476 derivative securities, including deferred shares.
• Payment of the deferred shares is deferred until the earlier of January 4, 2027, or the death of the participant.
• The reported holdings include approximately 725 dividend-equivalent deferred shares accrued in September 2024.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine disclosure of insider activity. The director's participation in the deferred share plan could be seen as a positive signal, but it's not a major event.

Positives

• The director's participation in the deferred share plan demonstrates confidence in the company's future.

Future Outlook

Payment of the deferred shares has been deferred until the earlier of January 4, 2027, or the death of the participant.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider ownership.

Key Dates