Form 4: KeyCorp Executive Waters Reports Share Transactions Following Vesting of Restricted Stock Units
SEC Form 4 Filing
James L. Waters, General Counsel and Secretary of KeyCorp, reports the acquisition and disposal of common shares following the vesting of restricted stock units on July 6, 2024.
Summary
- On July 6, 2024, James L. Waters, General Counsel and Secretary of KeyCorp, reported transactions involving KeyCorp common shares.
- Waters acquired 23,337 common shares through the vesting of restricted stock units.
- Waters also disposed of 7,920 common shares at a price of $13.95 to cover tax obligations related to the vesting.
- Following these transactions, Waters directly owns 56,391 KeyCorp common shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing insider transactions, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their transactions in company stock. This filing indicates the vesting of previously granted compensation.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine insider activity related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 07/06/2024 | Date of transaction: vesting of restricted stock units and disposal of shares for tax obligations. |
| 07/09/2024 | Date of signature on the Form 4 filing. |
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