Mago Angela G 4

What Happened

• Angela G. Mago, Chief Human Resources Officer of KeyCorp, exercised 62,850 options and sold the resulting 62,850 shares on January 29, 2026. The reported exercise cost was $10.49 per share (total $659,297). The shares were sold in the open market at a weighted-average price of $21.55 per share for total gross proceeds of $1,354,418. The filing also shows a derivative conversion/disposition line at $0.00 related to the option conversion.

Key Details

• Transaction date: 2026-01-29; Form 4 filed: 2026-02-02 (filed on the second business day after the transaction — timely).
• Exercise: 62,850 shares at $10.49 each (total reported acquisition cost $659,297).
• Sale: 62,850 shares sold at weighted-average $21.55 (range $21.54–$21.55) for $1,354,418 in proceeds.
• Net pre-tax difference (proceeds minus exercise cost): ~ $695,121.
• Shares owned after transaction: not specified in the reported lines.
• Footnotes: sale price is a weighted average of multiple trades (F1); the reporting person can provide per-price sale details on request (F2); the reported share amount includes ~4,257 shares previously omitted due to administrative error (F3); the option vested in four equal annual installments ending Feb 17, 2020 (F4).

Context

• This was effectively a same-day exercise-and-sell (often called a cashless exercise) — the insider exercised options and sold the resulting shares immediately, converting option value to cash. Such transactions are common and do not by themselves indicate the insider’s longer-term view of the company.