KeyCorp Chairman & CEO Christopher Gorman Disposes 29,821 Shares via GRAT Distribution

Executive Summary

On September 21, 2026, Christopher M. Gorman, Chairman and Chief Executive Officer of KeyCorp ($KEY), reported a disposition of 29,821 common shares categorized under transaction code 'G' (bona fide gift or trust transfer). The transaction involved no cash consideration ($0 per share) and represents an estate planning transfer upon the termination of a Grantor Retained Annuity Trust (GRAT).

Transaction Details

• Security: Common Shares
• Transaction Date: September 21, 2026
• Transaction Code: G (Gift / Transfer)
• Shares Transacted: 29,821 shares disposed of indirectly
• Price: $0.00 (Total Value: $0.00)
• Context: Upon termination of the GRAT, 29,821 shares were transferred to the reporting person's children. Remaining trust shares were returned to Mr. Gorman and continue to be reported as directly owned.

Post-Transaction Holdings

Following the GRAT termination, Mr. Gorman retains substantial ownership in KeyCorp across several accounts:

• Direct Ownership: 929,451 shares
• Indirect Ownership (GRATs): 250,000 shares (180,350 shares and 69,650 shares across two separate GRATs)
• Indirect Ownership (401(k) Plan): 5,443 shares
• Total Beneficial Ownership: 1,184,894 shares

Market & Trading Significance

This transaction is rated Low significance for investors. As a Code G transfer resulting from the scheduled termination of an estate planning vehicle (GRAT) to family members, it does not reflect open-market buying or selling sentiment. Mr. Gorman continues to hold over 1.18 million shares across direct and indirect holdings.