Company: KEY-PI
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001193125-25-066284
Chunk: 53

Company: KEYCORP /NEW/
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 53
---
 furtherance of these guidelines, we subject shares earned through our long-term incentive compensation program to post-vesting holding requirements, so that each NEO must hold the net shares acquired upon vesting of equity awards until our stock ownership guidelines are satisfied. Further, our insider trading policy requires that our CEO notify the Chair of the Compensation Committee before engaging in any discretionary transactions involving our shares, and does not permit the use of so-called “10b5-1”trading plans for any employee, including our executive officers. Consideration of Our Say-on-PayShareholder Vote We continue to receive strong shareholder support for our NEOs’ compensation program, as reflected in the results of our annual “say-on-pay”proposals, which have received an average of 92% support over the past five years (including 90% support in 2024). We view the results of our say-on-payvotes as evidence that our executive compensation program provides pay for performance and appropriately aligns the interests of our NEOs with those of our shareholders. Shareholder Outreach Key maintains an active shareholder engagement program through which we periodically receive feedback from and have discussions with investors on a variety of topics, including discussions around our compensation philosophy and structure. These continuing conversations with our investors help us better understand matters of importance to our investors regarding our executive compensation program and help us to shape our pay-for-performancestrategy. For more information, please see “Shareholder Engagement” on page 22 of this proxy statement. Compensation Committee Independence, Interlocks, and Insider Participation The members of the Compensation Committee who served on such committee during 2024 are Alexander M. Cutler, Barbara R. Snyder (Chair until July 1, 2024), Richard J. Tobin (member until July 1, 2024), Carlton Highsmith (member beginning July 1, 2024), and Todd J. Vasos (Chair beginning July 1, 2024), each of whom is an independent director under KeyCorp’s categorical independence standards, the general independence standards for directors established by the NYSE, and the heightened independence standards required of Compensation Committee members by the NYSE. No member of the Compensation Committee during 2024 is a current, or during 2024 was a former, officer or employee of KeyCorp or any of its subsidiaries or affiliates. During 2024, no member of the Compensation Committee had a relationship that must be described under SEC rules relating to disclosure of related party transactions. In 2024, none of our executive officers served