CUTLER ALEXANDER M 4
4 · KEYCORP /NEW/ · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
KeyCorp (KEY) Director Alexander M. Cutler Receives 732 Deferred Shares
What Happened
Alexander M. Cutler, a director of KeyCorp (KEY), received an award of 732 deferred shares on June 30, 2026. The shares are recorded at $0 (derivative award) because they represent deferred director fees converted into deferred shares rather than a cash purchase. The filing shows these are not immediate common-share transfers but economic equivalents whose payout is deferred.
Key Details
- Transaction date: 2026-06-30; Transaction type/code: Award/Grant (A); Price: $0.00 per share.
- Total granted: 732 deferred shares (derivative interest).
- Includes ~596 dividend-equivalent deferred shares accrued in June 2026 (per footnote).
- Payment of these deferred shares is postponed until the earlier of July 1, 2027, or the participant’s death (Deferred Share Plan terms).
- Shares owned after the transaction: not specified in this Form 4 filing.
- Filing date/accession: Form filed 2026-07-02 (appears timely under the 2-business-day rule).
Context
This is a compensation-related, derivative award (deferred director fees converted into deferred shares), not an open-market purchase or sale. Deferred shares are the economic equivalent of common shares but will not be paid out until the plan’s distribution date, so this action does not represent an immediate buy or sell signal.
Insider Transaction Report
- Award
Deferred Shares
[F1][F2][F3]2026-06-30+732→ 66,502 total→ Common Shares (732 underlying)
- 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 2026 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 596 dividend-equivalent deferred shares accrued under the Deferred Share Plan in June 2026.