Rankin Devina A 4

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.