VASOS TODD J 4

What Happened Todd J. Vasos, a director of KeyCorp (KEY), was granted 7,352 Deferred Shares on 2026-05-14. The grant is recorded at $0.00 per share (award/derivative), meaning no cash was paid. These Deferred Shares are economic equivalents of common shares and do not result in immediate common‑share issuance or cash proceeds to the insider.

Key Details

• Transaction date: 2026-05-14; Form 4 filed: 2026-05-18 (within the required reporting window).
• Type: Award/Grant (code A); 7,352 Deferred Shares granted at $0.00 per share.
• Derivative nature: Each Deferred Share equals the economic equivalent of one Common Share (Footnote F1).
• Payout timing: Payment of the deferred shares is deferred until July 1, 2029 under the Directors' Deferred Share Sub‑Plan (Footnote F2). The award was made under that plan (Footnote F3).
• Shares owned after the transaction: not reported in this Form 4.

Context This is a standard director compensation award using deferred shares, not a cash purchase or sale. Deferred-share awards are common for board compensation and do not necessarily indicate market sentiment; they simply convert to economic exposure to common shares at the deferred payment date (here, July 1, 2029).