KeyCorp Director Alexander Cutler Acquires Deferred Shares via Fee Deferral
KEYCORP /NEW/
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Filing Summary
# Insider Transaction: KEYCORP /NEW/ ($KEY)
**Insider**: Alexander M. Cutler (Director)
**Transaction**: Deferred Shares Acquisition (Code A)
- **Date**: 2026-09-30
- **Shares**: 840 @ $0.00
- **Total Value**: $0.00 (Fee Deferral)
- **Ending Holdings**: 40,823 Deferred Shares | 325,309 Common Shares
- **Significance**: Low (Routine director compensation deferral)
Comprehensive Analysis
Insider Filing Analysis: KeyCorp ($KEY)
Transaction Overview
On September 30, 2026, KeyCorp Director Alexander M. Cutler acquired 840 Deferred Shares at $0 per share through the KeyCorp Amended and Restated Directors' Deferred Share Sub-Plan to the KeyCorp 2026 Equity Compensation Plan. This transaction represents an election to defer director fees into phantom/deferred shares that are economically equivalent to common shares.
Key Findings
- Role: Director.
- Transaction Type: Routine equity grant / fee deferral (Transaction Code
A). - Holdings: Following this transaction, Cutler holds 40,823 deferred shares directly (which includes approximately 374 dividend-equivalent deferred shares accrued in September 2026) and 325,309 common shares directly.
- Settlement Terms: Payment of deferred shares is deferred until the earlier of July 1, 2027, or the participant's death.
Market Significance
This filing reflects routine non-employee director compensation via fee deferral rather than an open-market purchase or sale. Because no discretionary cash was used in an open-market transaction, it carries Low trading significance.
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