Company: KEY-PI
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001193125-25-066284
Chunk: 4

Company: KEYCORP /NEW/
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 4
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 in 2024 |          | -page 16 |
|                           | Compensation and Organization Committee       |                 | 8 meetings in 2024  |                     | -page 17 |          |
|                           | Nominating and Corporate Governance Committee |                 | 6 meetings in 2024  |                     | -page 16 |          |
|                           | Risk Committee                                |                 | 13 meetings in 2024 |                     | -page 17 |          |
|                           | Technology Committee                          |                 | 5 meetings in 2024  |                     | -page 18 |          |

| Practices and Policies |     | •  Experienced Board membership   •  Commitment to Board refreshment, with a median tenure of eight years and six new directors added since 2020 (page 14)   •  Independent members of the Board met in executive session at every regular 2024 Board meeting (page 16)   •  Approximately 98% average attendance by directors at Board and committee meetings (page 16)   •  Annual self-assessments conducted by the Board, each committee, and each director (page 15)   •  Strong Board leadership in the oversight of enterprise risk (pages 18 and 19)   •  Semi-annual disclosure of KeyCorp political spending (page 24)   •  Strong director education program (page 22) |

| Shareholder Engagement |     | •  Active shareholder engagement program (page 22)   •  Engage with shareholders on a regular basis throughout the year to discuss a range of topics, including Company performance, strategy, risk management, executive compensation, corporate responsibility and sustainability, and corporate governance   •  Activities include ongoing communication, numerous investor conferences, on- and off-site analyst and investor meetings, and roadshows   •  Directors participate in many of these engagements with our shareholders |

For a more detailed discussion concerning KeyCorp’s corporate governance practices, please refer to the section entitled “The Board of Directors and Its Committees” beginning on page 14 of this proxy statement.

| v |

Proxy Statement Summary Executive Compensation Highlights Our compensation philosophy is guided by the following principles:

| • |     | We have a pay for performance philosophy (actual pay received under our variable compensation programs is tied to financial and strategic objectives);