Company: KEY-PI
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001193125-25-066284
Chunk: 67

Company: KEYCORP /NEW/
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 67
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 year of termination, and we may also pay annual incentives earned with respect to performance in the immediately preceding year, to the extent unpaid at the time of termination. |

| (3) | Any restricted stock units attributable to annual cash incentives that were required to be deferred in accordance with our deferral requirements will vest in full on the remaining vesting dates if an employee terminates as result of a Retirement or Limited Circumstances; however, in the event of a termination of employment due to Death or Disability, any restricted stock units attributable to annual cash incentives that were required to be deferred in accordance with our deferral requirements will vest in full and be distributed immediately. |

| (4) | Please see the narrative to the 2024 Pension Benefits Table for more information about our nonqualified pension plans. |

| (5) | Please see the narrative to the 2024 Nonqualified Deferred Compensation Table for more information about our nonqualified deferred compensation plans. |

| (6) | Prior to 2018, vested stock options expired at the earlier of three years or normal expiration. |

| (7) | Unvested awards that become vested due to a Change of Control Termination vest at target unless both the change of control and termination occur after the end of the performance period, in which case the amount of the award would be based on actual performance. The award would then be distributed immediately. |

| (8) | Upon retirement after age 60 with 10 years of service, full vesting applies to equity awards after the first anniversary of the applicable date of grant (unless determined otherwise by the Compensation Committee). |

| 59 |

Compensation of Executive Officers and Directors 2024 Post-Termination Tables The following tables set forth the compensation that would be paid by KeyCorp to the NEOs assuming a termination of employment and/or Change of Control Termination on December 31, 2024, in the various scenarios outlined below. Except as otherwise noted below, the values reported for stock options, restricted stock units, and performance awards are based on the closing price of KeyCorp common shares on December 31, 2024, of $17.14. Christopher M. Gorman

| Termination Event                 |     | Severance 
 Pay ($)   |            |     | Annual        
 Incentive ($) |   |     | Stock       
 Options ($) |         |     | Restricted      
 Stock Units ($) |           |     | Performance   
 Awards ($)(4) |            |     | Nonqualified 
 Pension      
 Benefits ($)