Rankin Devina A 4
Research Summary
AI-generated summary
KeyCorp Director Devina A. Rankin Receives 7,352 Deferred Shares
What Happened Devina A. Rankin, a director of KeyCorp (KEY), was granted 7,352 deferred shares (reported as a derivative award) on May 14, 2026. The filing shows $0 paid by the insider for these shares — this was an award (transaction code A), not an open‑market purchase or sale. The deferred shares are the economic equivalent of common shares and will be paid out on January 1, 2031 under KeyCorp's Directors' Deferred Share Sub‑Plan of the 2026 Equity Compensation Plan.
Key Details
- Transaction date: 2026-05-14; Form 4 filed: 2026-05-18 (filing appears timely).
- Amount: 7,352 deferred shares; reported price $0.00 (award/derivative).
- Footnotes: F1 — each Deferred Share equals one Common Share economically; F2 — payment deferred until Jan 1, 2031; F3 — awarded under the Deferred Share Plan.
- Shares owned after the transaction: not specified in the provided filing details.
Context This was an equity award for a board director (routine compensation), not a cash purchase or sale. Deferred shares are typically paid later (here in 2031) and are reported as derivative securities until settled; they do not necessarily indicate immediate buying or selling sentiment by the insider.