Company: KEY-PI
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001193125-25-066284
Chunk: 56

Company: KEYCORP /NEW/
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 56
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| Adjusted average tangible common equity (non-GAAP)                                                                             |     |                                                                                                      |     | $    |  9,657 |   |
| Adjusted Return on average tangible common equity from continuing operations (non-GAAP)                                        |     |                                                                                                      |     |      |   11.3 | % |
| Adjusted earnings per share from continuing operations attributable to Key common shareholders - assuming dilution             |     |                                                                                                      |     |      |        |   |
| Per Common Share - Income (loss) from continuing operations attributable to Key common shareholders assuming dilution          |     |                                                                                                      |     | $    |  (0.32 | ) |
| Plus:                                                                                                                          |     | Impact of change in loan and lease loss provision (after-tax)                                        |     |      |  (0.08 | ) |
| Plus:                                                                                                                          |     | Impact of Securities Repositioning loss including UST loss and Forward Contract Mark (after-tax)     |     |      |   1.44 |   |
| Plus:                                                                                                                          |     | Impact of Unplanned Items (after-tax)                                                                |     |      |   0.10 |   |
| Adjusted Per Common Share - Income (loss) from continuing operations attributable to Key common shareholders assuming dilution |     |                                                                                                      |     | $    |   1.14 |   |

| (1) | Tangible Common Equity will hold Accumulated Other Comprehensive Income at plan to normalize for any movements from balance sheet valuation changes as a result of changes in the interest rate environment. |

| 46 |

Compensation Discussion and Analysis Policies and Practices Related to the Grant of Certain Equity Awards We do not schedule the grant of stock options or other equity awards in anticipation of the disclosure of material nonpublic information, and we do not schedule the disclosure of material nonpublic information based on the timing of grants of stock options or other equity awards. We have not adopted a formal policy that would require us to grant, or to avoid granting, stock options or other equity awards at certain times. In practice, however, as part of our regular annual long-term incentive grant cycle, the Compensation Committee generally grants stock options and other equity awards to our executives in the first quarter of each year, typically at its meeting in or around the month of February. The dates for Compensation Committee meetings generally are set well in advance and on a fairly consistent cadence from year to year. However, the Compensation Committee is authorized