KeyCorp (NYSE: KEY) director DeSpirito discloses 4,450-share ownership on Form 3
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
KEYCORP /NEW/ director Antonio DeSpirito III filed an initial Form 3 showing his current equity stake in the company. The filing reports beneficial ownership of 4,450 Common Shares, held directly. This is a baseline disclosure of his holdings, not a report of a new trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DeSpirito Antonio III
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 4,450 shares (Direct, null)
Footnotes (1)
Key Figures
Common Shares owned: 4,450 shares
Buy transactions reported: 0 transactions
Sell transactions reported: 0 transactions
+1 more
4 metrics
Common Shares owned
4,450 shares
Beneficially owned directly by Antonio DeSpirito III
Buy transactions reported
0 transactions
Form 3 initial ownership statement
Sell transactions reported
0 transactions
Form 3 initial ownership statement
Derivative positions
0 instruments
No derivative securities listed in derivativeSummary
Key Terms
Form 3, beneficial ownership, Common Shares, director
4 terms
Form 3 regulatory
"This Form 3 serves as an initial statement of beneficial ownership"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
beneficial ownership financial
"The Form 3 shows that Antonio DeSpirito III beneficially owns 4,450 Common Shares"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
director financial
"KEYCORP /NEW/ director Antonio DeSpirito III filed an initial Form 3"
FAQ
What does Antonio DeSpirito III’s Form 3 for KEY (KeyCorp) show?
The Form 3 shows that Antonio DeSpirito III, a director of KeyCorp, beneficially owns 4,450 Common Shares. This is an initial ownership report required when someone becomes a director or officer, establishing a baseline of their equity stake.
Did Antonio DeSpirito III buy or sell KEY stock in this Form 3 filing?
The Form 3 does not report any buy or sell transactions. It only discloses that Antonio DeSpirito III beneficially owns 4,450 Common Shares of KeyCorp directly, serving as an initial snapshot of his holdings as a director.
What is the purpose of this Form 3 filing for KEYCORP /NEW/?
This Form 3 serves as an initial statement of beneficial ownership for director Antonio DeSpirito III at KeyCorp. It discloses that he directly holds 4,450 Common Shares, creating a public baseline before any future insider transactions are reported.
Does the Form 3 for Antonio DeSpirito III include any derivative securities in KEY?
The filing indicates no derivative securities for Antonio DeSpirito III at this time. Only 4,450 Common Shares are reported as directly owned, and the derivative holdings section of the insider data is empty in this disclosure.