Hayes Robin 4

What Happened
Robin Hayes, a director of KeyCorp (KEY), executed a derivative conversion/exercise on January 24, 2026 that resulted in the acquisition of 738 shares and the same-day disposition of 738 shares. The transactions are coded as M (exercise or conversion of a derivative security). No exercise price or sale proceeds are reported in the filing.

Key Details

• Transaction date: 2026-01-24 (filed on 2026-01-27).
• Transaction type: M = exercise or conversion of derivative; the filing shows 738 shares acquired and 738 shares disposed.
• Price(s): Not disclosed / listed as N/A in the filing.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: F1 — "Each Deferred Share is the economic equivalent of one Common Share."
• Timeliness: Filing date is 2026-01-27; the report does not flag the filing as late in the information provided.

Context

• The M code indicates an exercise or conversion of a derivative security. Because the acquired shares were disposed the same day, this appears to be an immediate disposition following conversion; the filing does not state whether this was a cashless exercise, a sale to cover tax withholding, or another routine disposition.
• These filings are factual reports of transactions by insiders and do not, by themselves, indicate the insider’s view of the company’s prospects.