Evans Trina M 4

What Happened

• Trina M. Evans, a director in KeyCorp’s Corporate Center, exercised/converted derivative awards on Feb 17, 2026 that resulted in 13,094 shares being issued. To satisfy tax withholding, 4,078 shares were surrendered on Feb 17, 2026 at $21.69 per share, totaling $88,452. After withholding, the net newly acquired shares from this event were about 9,016 shares.
• The filing also reports recent awards: restricted stock units (RSUs) granted on Feb 16, 2026 (10,590 and 9,677 RSUs) and an option grant on Feb 16, 2026; those grants vest over future years (see footnotes below).

Key Details

• Transaction dates: Grants on Feb 16, 2026; exercise/conversion and withholding on Feb 17, 2026. Filing date: Feb 18, 2026 (timely).
• Tax withholding: 4,078 shares surrendered at $21.69/share = $88,452 (transaction code F).
• Gross shares from exercise/conversion: 13,094 shares (transaction code M). Net retained ≈ 9,016 shares after withholding.
• Shares owned after transaction: Not specified in the reported Form 4.
• Notable footnotes: F1 = each RSU equals one KeyCorp common share; F2/F3 describe Feb 16, 2026 grants that vest in four equal annual installments beginning Feb 17, 2027; F4 notes certain RSUs vested through Feb 17, 2026. Several footnotes (F5, F7, F9, F11) indicate small amounts of dividend-equivalent RSUs included in totals.
• No indication of a 10b5-1 plan or late filing in this report.

Context

• These entries reflect routine insider activity: conversion/exercise of derivative awards and shares withheld to cover tax obligations (a common, administrative step). The zero-dollar disposals in the filing correspond to conversion/settlement entries rather than open-market sales.
• Grants shown in the filing include future-vesting RSUs and options (vesting begins in 2027 for the Feb 16, 2026 grants), so additional shares could be issued to Evans over time if those awards vest.