VASOS TODD J 4

What Happened

• Todd J. Vasos, a director of KeyCorp (KEY), executed a conversion/exercise of derivative securities on July 1, 2026 covering 27,385 shares (transaction code M). The filing shows an "Acquired" entry for 27,385 shares (price N/A) and a matching "Disposed" entry for 27,385 shares at $0.00 (reported as a derivative transaction). No cash value or sale proceeds are reported in the filing.

Key Details

• Transaction date: 2026-07-01; Form 4 filed: 2026-07-06 (period of report 2026-07-01).
• Transaction type/code: M = exercise or conversion of derivative.
• Shares involved: 27,385 acquired (conversion) and 27,385 disposed (at $0.00).
• Price/value: Acquisition price shown as N/A; disposal price $0.00 — filing does not report cash proceeds.
• Shares owned after transaction: Not stated in the provided filing extract.
• Footnote: F1 — "Each deferred share is the economic equivalent of one common share."
• Timeliness: Filing date is July 6, 2026. The filing does not indicate a late-report flag in the information provided here.

Context

• Code M indicates an exercise or conversion of a derivative instrument (e.g., deferred-share units or options). The matching acquired and disposed entries and the $0.00 disposal price typically reflect a non-cash conversion/settlement of deferred/share-equivalent units rather than an open-market sale or purchase. Such conversions are often administrative or related to compensation plans and do not by themselves indicate a market view.