KeyCorp Head of Institutional Bank Exercises Options and Sells Shares

Insider Trading Summary: KeyCorp ($KEY)

Overview of Transaction

On October 28, 2026, Andrew J. Paine III, Head of Institutional Bank at KeyCorp, executed an option exercise and corresponding open-market sale of 39,130 common shares:

• Option Exercise: Exercised 39,130 stock options with an exercise price of $18.96 per share (expiring February 20, 2027).
• Open Market Sale: Sold 39,130 shares at a weighted-average price of $21.20 per share, realizing total gross sale proceeds of approximately $829,556.
• Gift/Trust Distribution: On October 27, 2026, 11,956 shares were transferred to his children upon the termination of a grantor retained annuity trust (GRAT).

Holdings Post-Transaction

Following these transactions, Andrew J. Paine III continues to hold significant beneficial ownership:

• Direct Ownership: 191,571 common shares.
• Indirect Ownership:
  • 102,946 shares held via GRAT.
  • 27,210 shares via 401(k) Plan.
  • 4,265 shares held by spouse.
  • 445 shares held via Paine Investments LP.

Significance and Context

The transaction represents a routine "exercise-and-sell" transaction ahead of option expiration in early 2027, resulting in no net change to baseline common share equity outside of the exercised derivative position and estate trust transfers. Consequently, this activity carries low trading significance.