CUTLER ALEXANDER M 4

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.