KeyCorp Head of Institutional Bank Reports Bona Fide Gift of 4,265 Shares
KEYCORP /NEW/
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Filing Summary
# Insider Transaction Alert: KEYCORP /NEW/ ($KEY)
**Insider:** Paine Andrew J III
**Title:** Head of Institutional Bank
**Filing Date:** 2026-11-02
**Transaction Date:** 2026-10-30
### Transaction Summary
* **Type:** Gift (Code: G)
* **Security:** Common Shares
* **Shares Transacted:** 4,265
* **Price:** $0.00
* **Total Value:** $0.00
* **Ownership:** Indirect (By spouse; 0 shares remaining in this account)
### Remaining Holdings
* **Direct:** 184,016 shares
* **Indirect (GRAT):** 102,946 shares
* **Indirect (401(k)):** 27,210 shares
* **Indirect (Paine Investments LP):** 445 shares
**Significance:** Low (Bona fide gift)
Comprehensive Analysis
Insider Filing Analysis: KeyCorp ($KEY)
Executive Summary
On November 2, 2026, Andrew J. Paine III, Head of Institutional Bank at KeyCorp, filed a Form 4 disclosing a disposition by gift (Transaction Code G) of 4,265 Common Shares held indirectly by his spouse on October 30, 2026. Because this transaction was a bona fide gift executed at $0 per share, it carries Low trading significance.
Transaction Details
- Security: Common Shares
- Transaction Code: G (Gift)
- Shares Gifted: 4,265
- Price Per Share: $0.00
- Nature of Ownership: Indirect (By spouse)
- Post-Transaction Balance (Spouse): 0 shares
Retained Holdings & Context
Following the transfer, Andrew J. Paine III maintains substantial direct and indirect beneficial ownership across multiple accounts:
- Direct Ownership: 184,016 Common Shares
- GRAT: 102,946 Common Shares
- 401(k) Plan: 27,210 Common Shares (as of October 28, 2026)
- Paine Investments LP: 445 Common Shares
Total post-transaction beneficial ownership across direct and remaining indirect entities stands at 314,617 shares.
Market Impact & Interpretation
Gift transactions are generally conducted for estate planning or charitable purposes and do not reflect open-market sentiment or the insider's view on the company's valuation. Investors should consider this filing neutral.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.