DeSpirito Antonio III 4

What Happened

• Antonio DeSpirito III, a director of KeyCorp (KEY), was granted 7,352 Deferred Shares (transaction code A) on May 14, 2026. The Form 4 reports an acquisition price of $0.00 because these are compensation awards rather than a market purchase.
• The Deferred Shares are derivative awards that are the economic equivalent of Common Shares. Under the directors' Deferred Share Plan, the award will be paid one-half in Common Shares and one-half in cash on May 14, 2029.

Key Details

• Transaction date: 2026-05-14; Form 4 filed: 2026-05-18 (timely filed).
• Reported amount: 7,352 Deferred Shares; price: $0.00 (award/grant).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes from the filing: F1—each Deferred Share = one Common Share economically; F2—payment will be 50% Common Shares and 50% cash on 5/14/2029; F3—award made under KeyCorp’s Directors’ Deferred Share Sub-Plan.
• Transaction type: Award/grant (A); no sale or open-market purchase occurred.

Context

• Deferred share awards are a form of compensation and typically reflect standard director pay practices rather than an immediate bullish or bearish trading signal. The award has no immediate cash value recorded on the Form 4 and will convert/settle in 2029 per plan terms.
• For retail investors, purchases or sales by insiders often draw more attention than routine grants. This filing documents standard director compensation via deferred settlement.