Allard Jacqui 4

What Happened

• Jacqui Allard, a director of KeyCorp (KEY), received a grant of 7,352 Deferred Shares on May 14, 2026. The Form 4 reports the acquisition as an award (code A) with an acquisition price of $0.00 (derivative award).
• The award includes approximately 401 dividend-equivalent deferred shares accrued between June 2025 and March 2026. The grant has no immediate cash cost recorded on the Form 4.

Key Details

• Transaction date: May 14, 2026; Form 4 filed May 18, 2026 (timely filing).
• Shares granted: 7,352 Deferred Shares; reported acquisition price $0.00 (derivative instrument).
• Payout terms: Under KeyCorp’s Deferred Share Plan, the participant will receive payment one-half in Common Shares and one-half in cash on May 14, 2029.
• Footnotes: Each Deferred Share is the economic equivalent of one Common Share; the award was made under the company’s Deferred Share Plan.
• Shares owned after transaction: Not specified in the provided filing details.

Context

• This is a compensation award to a director, not an open-market purchase or a sale. Such deferred-share grants are routine director compensation and do not by themselves signal a buy or sell decision.
• The award’s future economic value will depend on KeyCorp’s stock price and cash payout at the 2029 settlement date.