Company: KEY-PI
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001193125-25-066284
Chunk: 79

Company: KEYCORP /NEW/
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 79
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 |  45,000 |     |      |  50,000 |
| Audit Committee Chair                               |     |      |  40,000 |     |      |  40,000 |
| Risk Committee Chair                                |     |      |  40,000 |     |      |  40,000 |
| Compensation and Organization Committee Chair       |     |      |  25,000 |     |      |  25,000 |
| Technology Committee Chair                          |     |      |  25,000 |     |      |  25,000 |
| Nominating and Corporate Governance Committee Chair |     |      |  25,000 |     |      |  25,000 |
| Audit Committee Member                              |     |      |  15,000 |     |      |  15,000 |
| Risk Committee Member                               |     |      |  15,000 |     |      |  15,000 |
| Extraordinary Service Retainer                      |     |      |  15,000 |     |      |  15,000 |

Deferral of Cash Retainer Directors may elect to defer payment of all or a portion of their cash retainer to a future date. Under the Directors’ Deferred Share Sub-Plan,the deferred cash retainer is converted into deferred shares that are payable in KeyCorp common shares on the specified deferral date. Deferred Shares The Board has determined that a significant portion of the Board’s compensation should be equity compensation in order to more closely align the economic interests of directors and shareholders. Each non-employeedirector receives an annual award of deferred shares consisting of restricted stock units under the Directors’ Deferred Share Sub-Plan. Each grant is subject to a minimum three-year deferral period, which is accelerated upon a director’s separation from the Board. The deferred shares are paid 50% in KeyCorp common shares and 50% in cash based on the value of a KeyCorp common share on the earlier of the last day of the deferral period or the date of the director’s separation from the Board. Directors may elect to further defer the payment of any award of deferred shares beyond three years. If a further deferral election is made, 100% of these further deferred shares are paid in the form of KeyCorp common shares. Payment is not made on any further deferred shares until the designated deferral date, which may be beyond the director’s separation from the Board.

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Comp