KEYCORP HR chief exercises options, sells 22,826 shares

KEYCORP /NEW/ Chief Human Resources Officer Angela G. Mago reported an option exercise and matching share sale.

Rhea-AI Filing Summary

KEYCORP /NEW/ Chief Human Resources Officer Angela G. Mago reported an option exercise and matching share sale. On 2026-05-08, she exercised options to acquire 22,826 common shares at $18.96 per share, then sold 22,826 common shares in an open-market sale at $21.66 per share.

Following these transactions, Mago directly held 281,564 common shares. The exercised option to buy 22,826 shares, which originally vested in four equal annual installments ending on February 17, 2021, now shows zero remaining derivative balance after the exercise.

Insider Trade Summary

Exercise and Sale: 22,826 shares ($62K approx. pre-tax spread)

Exercise and Sale 3 txns

Insider Mago Angela G

Role Chief Human Resources Officer

Sold 22,826 shs ($494K)

Approx. gross sale proceeds $494K

Approx. exercise cost $433K

Approx. pre-tax spread $62K

Type	Security	Shares	Price	Value
Exercise	Option to Buy	22,826	$0.00	$0.00
Exercise	Common Shares	22,826	$18.96	$433K
Sale	Common Shares	22,826	$21.66	$494K

Holdings After Transaction: Option to Buy — 0 contracts (Direct); Common Shares — 281,564 shares (Direct)

Footnotes (1)

1. F1. This option vested in four equal annual installments ending on February 17, 2021.

Key Figures

Shares sold: 22,826 shares Sale price per share: $21.66 per share Shares acquired via exercise: 22,826 shares +3 more

6 metrics

Shares sold 22,826 shares Open-market sale of common shares on May 8, 2026

Sale price per share $21.66 per share Price for 22,826 common shares sold May 8, 2026

Shares acquired via exercise 22,826 shares Common shares from option exercise code M on May 8, 2026

Option exercise price $18.96 per share Conversion or exercise price for 22,826-share option

Shares held after transactions 281,564 shares Direct common share ownership following May 8, 2026 transactions

Option expiration date February 20, 2027 Original expiration date of exercised “Option to Buy”

Key Terms

open-market sale, derivative exercise/conversion, Option to Buy, Common Shares, +1 more

5 terms

open-market sale financial

"transaction_action: "open-market sale" for 22,826 Common Shares"

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.

derivative exercise/conversion financial

"transaction_action: "derivative exercise/conversion" for 22,826 Common Shares"

Option to Buy financial

"security_title: "Option to Buy" with underlying Common Shares"

Common Shares financial

"security_title: "Common Shares" in non-derivative transactions"

Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

Chief Human Resources Officer financial

"officer_title: "Chief Human Resources Officer" for Angela G. Mago"

The chief human resources officer is the senior executive who leads a company's people strategy—hiring, pay and benefits, training, workplace culture, legal compliance, and leadership development—like a head coach who builds and keeps the team. Investors care because the CHRO’s choices shape productivity, labor costs, turnover, regulatory risk and succession of key leaders; those outcomes affect a company’s profitability, growth potential and reputation in ways that show up on the balance sheet.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Angela G. Mago report for KEY on May 8, 2026?

Angela G. Mago reported exercising options for 22,826 KEY common shares at $18.96 per share and selling 22,826 common shares in an open-market sale at $21.66 per share, combining a derivative exercise with a same-day sale.

How many KEY common shares did Angela G. Mago sell and at what price?

She sold 22,826 KEY common shares in an open-market transaction at $21.66 per share. This sale was reported as a non-derivative transaction with the code “S,” indicating an open-market or private sale of common shares.

What option exercise did Angela G. Mago report in this KEY Form 4 filing?

She exercised an option to buy 22,826 KEY common shares at a conversion or exercise price of $18.96 per share. The derivative position, an “Option to Buy,” showed zero remaining balance after exercise, with an original expiration date of February 20, 2027.

What are Angela G. Mago’s direct KEY share holdings after the reported transactions?

After the reported transactions, Angela G. Mago directly held 281,564 KEY common shares. This holding figure reflects her direct ownership following the option exercise and the matching open-market sale of 22,826 common shares on May 8, 2026.

What does the transaction code “M” signify in Angela G. Mago’s KEY Form 4?

The code “M” indicates a derivative exercise or conversion. In this filing, it reflects exercising an “Option to Buy” 22,826 KEY common shares at $18.96 per share, eliminating the remaining derivative balance tied to that option grant after the exercise.

When did the exercised KEY option originally vest for Angela G. Mago?

The exercised option vested in four equal annual installments ending on February 17, 2021. That vesting schedule applied to the “Option to Buy” 22,826 KEY common shares, which was later fully exercised and then followed by the reported open-market share sale.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/12/2026 - 04:40 PM Learn about SEC filing dates

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
Estimated average burden
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^*

Mago Angela G

(Last) (First) (Middle)

C/O KEYCORP

127 PUBLIC SQUARE

(Street)

CLEVELAND OHIO 44114

(City) (State) (Zip)

UNITED STATES

(Country)

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)
	Chief Human Resources Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/08/2026

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

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

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

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	05/08/2026		M		22,826	A	$18.96	304,390	D
Common Shares	05/08/2026		S		22,826	D	$21.66	281,564	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	05/08/2026		M			22,826	(1)	02/20/2027	Common Shares	22,826	$0	0	D

Explanation of Responses:

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

Remarks:

	Adam J. Larkins POA for Angela G. Mago	05/12/2026
	** 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.
* Form 4: SEC 1474 (03-26)