CUTLER ALEXANDER M 4
4 · KEYCORP /NEW/ · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
KeyCorp Director Alexander Cutler Receives 841 Deferred Shares
What Happened
Alexander M. Cutler, a director of KeyCorp (KEY), was granted/acquired 841 deferred shares (reported as a derivative award) on March 31, 2026, at an attributed price of $20.05 per share, for a total value of $16,862. This was an award under the company’s director deferred share arrangement rather than an open-market purchase.
Key Details
- Transaction date: 2026-03-31; Filing date: 2026-04-02.
- Instrument: Derivative "deferred shares" (grant/award, code A).
- Quantity and price: 841 deferred shares at $20.05 each; total value $16,862.
- Shares owned after transaction: Not specified in this filing.
- Footnotes: Directors may elect to defer director fees into the Deferred Share Plan, converting fees into deferred shares (economic equivalents of common shares). Payment of these deferred shares is deferred until the earlier of July 1, 2027, or the participant’s death. The grant includes ~611 dividend-equivalent deferred shares accrued in March 2026.
- No late-filing indication shown in the provided details.
Context
This was a grant/acquisition of deferred shares tied to director compensation, not a market buy or sale. Deferred shares are essentially bookkeeping awards representing future payment of director fees and do not necessarily signal a buy or sell sentiment by the insider.
Insider Transaction Report
Form 4
CUTLER ALEXANDER M
Director
Transactions
- Award
Deferred Shares
[F1][F2][F3]2026-03-31$20.05/sh+841$16,862→ 57,822 total→ Common Shares (841 underlying)
Holdings
- 298,416
Common Shares
Footnotes (3)
- [F1]Directors may elect to defer the payment of directors' fees into the Amended and Restated Directors' Deferred Share Sub-Plan to the KeyCorp Amended and Restated 2019 Equity Compensation Plan (the "Deferred Share Plan"). The deferred fees are converted into deferred shares, which are the economic equivalent of common shares.
- [F2]Under the terms of the Deferred Share Plan, payment of the deferred shares has been deferred until the earlier of July 1, 2027, or the death of the participant.
- [F3]Includes approximately 611 dividend-equivalent deferred shares accrued under the Deferred Share Plan in March 2026.
Signature
Adam J. Larkins POA for Alexander M. Cutler|2026-04-02