Mago Angela G 4

What Happened

• Angela G. Mago, Chief Human Resources Officer of KeyCorp (KEY), exercised 22,826 stock options on May 8, 2026 at an exercise price of $18.96 per share (total cost $432,781). She then sold the same 22,826 shares in an open-market transaction that day at $21.66 per share, generating gross proceeds of $494,411 (approximate pre-tax gain of $61,630).

Key Details

• Transaction dates: May 8, 2026.
• Option exercise: 22,826 shares at $18.96 (code M) — $432,781 paid.
• Open-market sale: 22,826 shares at $21.66 (code S) — $494,411 proceeds.
• Derivative disposition entry of 22,826 shares at $0.00 reflects the conversion/exercise of the option into shares (reported on the Form 4).
• Footnote: The option vested in four equal annual installments ending February 17, 2021 (F1).
• Filing: Form 4 filed May 12, 2026 for a May 8 transaction — a four-calendar-day gap. Form 4s are normally due within two business days, so this filing appears later than the typical deadline.

Context

• This is a same-day exercise-and-sell (effectively a cashless exercise): the insider exercised vested options and immediately sold the resulting shares. Such transactions are common for exercising vested equity to realize gains or cover tax obligations and do not, by themselves, indicate a change in company outlook.