KeyCorp (NYSE: KEY) officer exercises options and sells 32,695 shares

Rhea-AI Filing Summary

KeyCorp officer Trina M. Evans, listed as Director, Corporate Center, reported an option exercise and share sale. On January 22, 2026, an option to buy Common Shares for $18.96 per share covering 8,695 shares was exercised, converting the derivative position into Common Shares. That same day, 8,695 Common Shares were acquired at $18.96 per share and 32,695 Common Shares were sold in an open-market transaction at a weighted average price of $21.74 per share, with individual trades ranging from $21.73 to $21.78.

After these transactions, Evans directly beneficially owned 58,719 Common Shares of KeyCorp. The filing notes that full details of the number of shares sold at each separate price within the stated range are available upon request.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Evans Trina M

(Last) (First) (Middle)

C/O KEYCORP

127 PUBLIC SQUARE

(Street)

CLEVELAND OH 44114

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
KEYCORP /NEW/ [ KEY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Director, Corporate Center

3. Date of Earliest Transaction (Month/Day/Year)
01/22/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	01/22/2026		M		8,695	A	$18.96	91,414	D
Common Shares	01/22/2026		S		32,695	D	$21.74(1)(2)	58,719	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Option to Buy	$18.96	01/22/2026		M			8,695	(3)	02/20/2027	Common Shares	8,695	$0	0	D

Explanation of Responses:

1. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.73 to $21.78.

2. The reporting person may provide to KeyCorp, any security holder of KeyCorp, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.

3. This option vested in four equal annual installments ending on February 17, 2021.

Remarks:

	Adam J. Larkins POA for Trina M. Evans	01/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did KeyCorp (KEY) report for Trina M. Evans?

The filing shows that Trina M. Evans, an officer listed as Director, Corporate Center, exercised an option for 8,695 Common Shares at $18.96 per share and sold 32,695 Common Shares on January 22, 2026.

How many KeyCorp (KEY) shares did Trina M. Evans sell and at what price?

Evans sold 32,695 Common Shares of KeyCorp at a weighted average price of $21.74 per share, with individual trades executed between $21.73 and $21.78 per share.

What option transaction did Trina M. Evans report in this Form 4 for KeyCorp (KEY)?

The Form 4 reports the exercise of an Option to Buy at an exercise price of $18.96 per share for 8,695 underlying Common Shares, which reduced the derivative position to 0 options remaining.

How many KeyCorp (KEY) shares does Trina M. Evans own after the reported transactions?

Following the option exercise and subsequent sale, Evans directly beneficially owned 58,719 Common Shares of KeyCorp.

What additional pricing detail does the KeyCorp (KEY) Form 4 provide about the share sale?

The filing states that the reported price is a weighted average, and that the 32,695 shares were sold in multiple transactions at prices ranging from $21.73 to $21.78 per share. The filer can provide the exact breakdown upon request.

What does the Form 4 say about the vesting of the exercised KeyCorp (KEY) option?

The filing explains that the option exercised by Evans vested in four equal annual installments, with vesting ending on February 17, 2021.