Rankin Devina A 4

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.