Brady Amy G. 4

What Happened

Amy G. Brady, Chief Information Officer of KeyCorp (KEY), had derivative awards convert and received new restricted stock unit (RSU) grants in mid-February 2026. On 2026-02-17 she exercised/converted derivative interests into 27,806 shares (reported as an "M" exercise/conversion). To satisfy tax and exercise obligations, a portion of the shares were surrendered/withheld (several zero-dollar dispositions reported) and 8,413 shares were disposed at $21.69 per share for $182,478 to cover tax liability. On 2026-02-16 she was also granted two RSU awards (20,737 and 22,692 RSUs) that vest in future years.

Key Details

• Transaction dates: Grants on 2026-02-16; conversions/exercises and withholding/sales on 2026-02-17.
• Tax withholding sale: 8,413 shares disposed at $21.69 each, proceeds reported as $182,478 (code F — payment of tax liability).
• Exercise/conversion: 27,806 shares acquired via conversion/exercise (code M). Several additional M entries (5,360; 6,955; 8,837; 6,653) were reported as disposed at $0.00 (these reflect shares surrendered/withheld in connection with the conversions).
• Grants: Two RSU awards on 2026-02-16 totaling 43,429 RSUs (20,737 + 22,692) reported as derivative awards (code A); these vest in four equal annual installments beginning Feb 17, 2027 (footnote).
• Notable footnotes: RSUs represent the right to receive one share at vesting; some awards/vesting schedules date from 2022–2025 and include accrued dividend-equivalent RSUs per the filing.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timeliness: Report period 2026-02-16; filing date 2026-02-18 — appears timely (no late filing indicated).

Context

• What the codes mean: A = award/grant (RSUs), M = exercise/conversion of derivative, F = shares used/sold to pay exercise price or taxes. Many insider filings show shares withheld or sold to cover taxes when RSUs vest or options are exercised; that appears to be the case here.
• Market signal: The filing documents a mix of awards/vests and routine tax-withholding sales rather than an open-market sale for investment purposes. These kinds of disposals are common and typically reflect tax obligations associated with compensation events rather than a directional bet by the insider.