KeyCorp (NYSE: KEY) director sells 23,946 common shares in open market
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KeyCorp director Elizabeth R. Gile reported an open-market sale of 23,946 Common Shares on June 3, 2026. The sale was executed at a weighted average price of $20.88 per share, with individual trades priced between $20.88 and $20.89.
After this transaction, Gile directly owns 21,255 Common Shares of KeyCorp. The filing notes that detailed price and size information for each individual trade is available upon request from KeyCorp, any of its security holders, or the staff of the Securities and Exchange Commission.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 23,946 shares ($499,992)
Net Sell
1 txn
Insider
Gile Elizabeth R.
Role
null
Sold
23,946 shs ($500K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Shares | 23,946 | $20.88 | $500K |
Holdings After Transaction:
Common Shares — 21,255 shares (Direct, null)
Footnotes (1)
- The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.88 to $20.89. 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.
Key Figures
Shares sold: 23,946 shares
Weighted average sale price: $20.88 per share
Shares owned after transaction: 21,255 shares
+1 more
4 metrics
Shares sold
23,946 shares
Common Shares sold on June 3, 2026
Weighted average sale price
$20.88 per share
Open-market sale price, trades from $20.88 to $20.89
Shares owned after transaction
21,255 shares
Direct ownership following reported sale
Net shares sold
23,946 shares
Net-sell direction per transaction summary
Key Terms
weighted average price, open-market sale, Common Shares, Securities and Exchange Commission
4 terms
weighted average price financial
"The price reported is a weighted average price. These shares were sold in multiple transactions..."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Securities and Exchange Commission regulatory
"or the staff of the Securities and Exchange Commission, upon request, full information..."
A national government agency that enforces rules for buying, selling and disclosing information about stocks and other investments, acting like a referee and scorekeeper for financial markets. It requires companies to share clear, regular financial and business information and investigates fraud or rule-breaking, which matters to investors because those rules and disclosures help ensure fair prices, reduce hidden risks and make it easier to compare investment choices.
FAQ
What insider transaction did KeyCorp (KEY) director Elizabeth R. Gile report?
Elizabeth R. Gile reported selling 23,946 KeyCorp Common Shares in an open-market transaction. The sale occurred on June 3, 2026, and was reported on a Form 4 insider filing, reflecting a reduction in her directly held KeyCorp share position.
Was Elizabeth R. Gile’s KeyCorp (KEY) transaction an open-market sale?
Yes. The Form 4 describes the transaction as an open-market sale of Common Shares. The sale used transaction code “S,” which indicates a sale in the open market or a private transaction, and included multiple trades within a narrow price range around $20.88.