Evans Trina M 4

What Happened

• Trina M. Evans, a director in KeyCorp's Corporate Center, exercised 8,695 stock options and concurrently sold shares in the open market on January 22, 2026. The option exercise was reported at $18.96 per share (cost ≈ $164,857). She sold 32,695 shares at a weighted-average price of $21.74 for total proceeds of about $710,789. The filing also reports 8,695 shares disposed at $0.00 in connection with the derivative transaction (see notes).

Key Details

• Transaction date: 2026-01-22
• Option exercise: 8,695 shares at $18.96 each — total cash paid ≈ $164,857 (code M = exercise)
• Open-market sale: 32,695 shares at weighted-average $21.74 — proceeds ≈ $710,789 (code S = sale)
• Weighted sale prices ranged $21.73–$21.78 (Footnote F1); full breakdown available on request (F2)
• Reported 8,695 shares disposed at $0.00 related to the derivative — commonly reflects shares surrendered/withheld in connection with the exercise (see F3)
• Vesting note: the option vested in four equal annual installments ending Feb 17, 2021 (F3)
• Shares owned after the transactions are not provided in the summary above — see the full Form 4 for post-transaction holdings
• Filing appears timely (reporting period 2026-01-22; filing dated 2026-01-23)

Context

• This was an option exercise combined with an open-market sale. The presence of a disposal at $0.00 typically indicates shares were surrendered or withheld related to the exercise (for example, to cover exercise costs or taxes), while the larger open-market sale generated cash proceeds. Sales are common insider activity and not by themselves a definitive signal of company outlook; purchases generally carry more weight for interpreting insider sentiment.