VASOS TODD J 4

What Happened Todd J. Vasos, a director of KeyCorp (KEY), was granted 2,306 deferred shares on March 31, 2026. The award is reported as a derivative acquisition valued at $20.05 per share, for a total value of $46,235. This grant reflects deferred director compensation rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-31; Form 4 filed 2026-04-02 reporting the transaction.
• Award: 2,306 deferred shares @ $20.05 per share; total reported value $46,235.
• Shares owned after transaction: not specified in the filing.
• Footnotes: (F1) Directors may elect to defer fees into the Deferred Share Plan; deferred shares are the economic equivalent of common shares. (F2) Payment of deferred shares is delayed until the earlier of July 1, 2028, or the participant’s death. (F3) The grant includes ~706 dividend-equivalent deferred shares accrued in March 2026.
• Transaction type code: A (award/grant/other acquisition); classified as a derivative award.

Context This is a routine director compensation deferral rather than a direct purchase or sale of common stock. Deferred shares generally represent future economic exposure to the stock; they do not necessarily signal a change in insider sentiment. The filing reports the conversion of deferred director fees into deferred-share units under KeyCorp’s Deferred Share Plan.