Rankin Devina A 4
4 · KEYCORP /NEW/ · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
KeyCorp Director Devina Rankin Receives 1,558 Deferred Shares
What Happened
Devina A. Rankin, a director of KeyCorp (KEY), was credited with 1,558 deferred shares on March 31, 2026. The award is reported as an acquisition (derivative) at $20.05 per share for a total value of $31,238. This issuance reflects a director fee deferral into the company’s Deferred Share Plan rather than an open-market purchase.
Key Details
- Transaction date: 2026-03-31; Form 4 filed: 2026-04-02 (no late filing indicated).
- Transaction type: A — Grant/award or other acquisition (derivative).
- Shares granted: 1,558 deferred shares; price listed: $20.05/share; total value: $31,238.
- Includes ~861 dividend-equivalent deferred shares accrued in March 2026 (per footnote).
- Payment timing: deferred shares will be paid out the earlier of January 1, 2029, or the participant’s death.
- Shares owned after transaction: not specified in this filing.
- Footnotes summary: directors may elect to defer director fees into the Deferred Share Plan; deferred shares are the economic equivalent of common shares and payout is delayed per plan terms.
Context
These deferred shares result from a compensation deferral election (conversion of directors’ fees into deferred shares) and are not a cash purchase or immediate sale. That makes this a routine compensation-related filing rather than a direct insider buy or sell that would signal the director’s near-term market view.
Insider Transaction Report
- Award
Deferred Shares
[F1][F2][F3]2026-03-31$20.05/sh+1,558$31,238→ 81,765 total→ Common Shares (1,558 underlying)
- 13,430
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 2019 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 January 1, 2029, or the death of the participant.
- [F3]Includes approximately 861 dividend-equivalent deferred shares accrued under the Deferred Share Plan in March 2026.