Rankin Devina A 4
4 · KEYCORP /NEW/ · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
KeyCorp (KEY) Director Devina A. Rankin Receives 1,355 Deferred Shares
What Happened Devina A. Rankin, a director of KeyCorp (KEY), was granted/credited 1,355 deferred shares on 2026-06-30. The Form 4 reports the acquisition as a derivative award at $0.00 per share (transaction code A), reflecting fee deferral rather than a cash purchase. The award includes approximately 815 dividend-equivalent deferred shares accrued in June 2026.
Key Details
- Transaction date: 2026-06-30; Form 4 filed: 2026-07-02 (filed two business days after the transaction).
- Price: $0.00 (deferred-share award / derivative); total cash paid = $0.
- Shares reported acquired: 1,355 deferred shares (includes ~815 dividend-equivalent deferred shares).
- Shares owned after transaction: not disclosed in this filing.
- Footnotes: Directors may elect to defer fees into the Directors' Deferred Share Sub-Plan; payout is deferred until the earlier of Jan 1, 2029, or the participant’s death.
Context This was an award/fee-deferral into a deferred share plan (a common director compensation mechanism) rather than an open-market buy or sale. Deferred shares are the economic equivalent of common shares but are payable at a later date, so this transaction does not indicate an immediate change in market exposure.
Insider Transaction Report
- Award
Deferred Shares
[F1][F2][F3]2026-06-30+1,355→ 91,287 total→ Common Shares (1,355 underlying)
- 13,430
Common Shares
Footnotes (3)
- [F1]Directors may elect to defer the payment of directors' fees into the Directors' Deferred Share Sub-Plan to the KeyCorp 2026 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 815 dividend-equivalent deferred shares accrued under the Deferred Share Plan in June 2026.