KeyCorp exec nets shares after RSU vesting, grants
KeyCorp executive Andrew J. Paine III, Head of Institutional Bank, reported multiple equity compensation moves.
Rhea-AI Filing Summary
KeyCorp executive Andrew J. Paine III, Head of Institutional Bank, reported multiple equity compensation moves. On February 17, 2026, he acquired 44,557 KeyCorp common shares through the exercise or conversion of restricted stock units at a stated price of $0.00 per share.
To cover tax obligations related to these awards, 13,413 common shares were disposed of at $21.69 per share as a tax-withholding transaction. On February 16, 2026, he also received new grants of 34,562 restricted stock units and an option to buy 37,821 shares, both vesting in four equal annual installments beginning February 17, 2027. The filing also lists indirect holdings through a partnership, spouse, a grantor retained annuity trust, and a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
44,556 shares exercised/converted
Exercise
12 txns
Insider
Paine Andrew J III
Role
Head of Institutional Bank
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 8,935 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 11,129 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 12,960 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 11,532 | $0.00 | $0.00 |
| Exercise | Common Shares | 44,557 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Shares | 13,413 | $21.69 | $291K |
| Grant/Award | Restricted Stock Units | 34,562 | $0.00 | $0.00 |
| Grant/Award | Option to Buy | 37,821 | $0.00 | $0.00 |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 106,206 contracts (Direct);
Option to Buy — 37,821 contracts (Direct);
Common Shares — 197,727 shares (Direct);
Common Shares — 445 shares (Indirect, By Paine Investments LP);
Common Shares — 4,265 shares (Indirect, By spouse);
Common Shares — 108,746 shares (Indirect, By GRAT);
Common Shares — 26,389 shares (Indirect, 401(k) Plan)
Footnotes (13)
- F1. Each restricted stock unit represents the right to receive one KeyCorp common share at vesting.
- F2. These shares are held in a grantor retained annuity trust for the benefit of the reporting person and the reporting person's children. The reporting person is the trustee of the trust.
- F3. Reported as of February 9, 2026.
- F4. These restricted stock units, granted on February 16, 2026, vest in four equal annual installments beginning on February 17, 2027.
- F5. The option to buy, granted on February 16, 2026, vests in four equal annual installments beginning on February 17, 2027.
- F6. These restricted stock units, granted on February 14, 2022, vested in four equal annual installments ending on February 17, 2026.
- F7. Includes approximately 408 dividend-equivalent restricted stock units accrued between March and December 2025.
- F8. These restricted stock units, granted on February 17, 2023, vest in four equal annual installments beginning on February 17, 2024.
- F9. Includes approximately 1,018 dividend-equivalent restricted stock units accrued between March and December 2025.
- F10. These restricted stock units, granted on February 16, 2024, vest in four equal annual installments beginning on February 17, 2025.
- F11. Includes approximately 1,778 dividend-equivalent restricted stock units accrued between March and December 2025.
- F12. These restricted stock units, granted on February 17, 2025, vest in four equal annual installments beginning on February 17, 2026.
- F13. Includes approximately 2,109 dividend-equivalent restricted stock units accrued between March and December 2025.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Andrew J. Paine III report at KeyCorp (KEY)?
Andrew J. Paine III reported exercising restricted stock units into KeyCorp common shares, a tax-withholding share disposition, and new grants of restricted stock units and stock options. These transactions reflect routine equity compensation activity rather than open-market buying or selling.
What new equity awards did Andrew Paine receive from KeyCorp on February 16, 2026?
He received 34,562 restricted stock units and an option to buy 37,821 KeyCorp shares, both granted on February 16, 2026. Each award vests in four equal annual installments starting February 17, 2027, providing long-term, performance-linked compensation incentives.
How do the new restricted stock units for Andrew Paine vest over time?
The 34,562 restricted stock units granted on February 16, 2026 vest in four equal annual installments beginning February 17, 2027. This structure ties a portion of his compensation to multi-year service and performance, aligning with typical executive retention practices.
Does this Form 4 suggest large open-market buying or selling by Andrew Paine?
The disclosure centers on equity award exercises, new grants, and a tax-withholding disposition of 13,413 shares at $21.69. It does not report transactions with an open-market sale code; activity appears related to compensation rather than discretionary trading.
AI-generated analysis. How Rhea-AI works. Not financial advice.
