Company: KEY-PI
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001193125-25-066284
Chunk: 81

Company: KEYCORP /NEW/
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 81
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 Hipple, and David K. Wilson. |

| (2) | Amounts reported in the Stock Awards column represent the aggregate grant date fair value of the stock awards granted during the year computed in accordance with applicable accounting guidance. The accounting assumptions used in calculating the grant date fair value are presented in Note 17 to the Consolidated Financial Statements of our 2024 Annual Report. On May 9, 2024, each director who was then serving received a grant of 9,283 fully vested deferred shares at a fair market value of $140,000, rounded down to the nearest whole share. One-half of this deferred share award is payable in shares and one-half of this award is payable in cash on the third anniversary of the grant date unless the director has elected to further defer payment, in which case the entire award is payable in shares. |

| (3) | On December 27, 2024, and upon the closing of the transactions contemplated by the Investment Agreement by and between KeyCorp and Scotiabank, the Board increased its size to 15 members and Ms. Jacqueline L. Allard and Mr. Somesh Khanna were each appointed to the Board pursuant to Scotiabank’s director designation rights set forth in the Investment Agreement. Neither received any fees for their brief service on the Board during 2024. |

| 69 |

Compensation of Executive Officers and Directors

| Name                 |     | Outstanding  
 Stock Awards |     |         |
| Jacqui L. Allard     |     |              |     |       — |
| Alexander M. Cutler  |     |              |     |  53,886 |
| H. James Dallas      |     |              |     |  22,463 |
| Elizabeth R. Gile    |     |              |     | 112,454 |
| Ruth Ann M. Gillis   |     |              |     |  57,518 |
| Robin N. Hayes       |     |              |     |  39,972 |
| Carlton L. Highsmith |     |              |     |  17,637 |
| Richard J. Hipple    |     |              |     |  17,637 |
| Somesh Khanna        |     |              |     |       — |
| Devina A. Rankin     |     |              |     |  60,571 |
| Barbara R. Snyder    |     |              |     | 200,698 |