Company: KEY-PI
Filing Date: 2025-05-07
Form Type: DEFA14A
Source: 0000091576-25-000062
Chunk: 2

Company: KEYCORP /NEW/
Filing Date: 2025-05-07
Form: DEFA14A
Chunk 2
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 and performance conditions are satisfied,

#### and
the NEO remains employed through the two-year performance period. In addition, shares earned under the Awards are subject to a one-year post-vest holding period. The Committee selected Marked CET1 and Cumulative EPS as the performance metrics for the Awards to align with Key’s goals following the investment. The Committee also undertook a rigorous target-setting process across several meetings, which included counsel and advice from the Board’s independent compensation consultant.

• Consistent with our past practice and peer practice, and to protect commercially sensitive information, we did not provide forward-looking goals for the Awards. We ask that shareholders consider the rigorous goal-setting process that the Committee undertook for the Awards, the Company-specific context and significant information we did disclose regarding the Awards, and our Board’s track record of aligning pay-for-performance.

Our shareholders have strongly supported our compensation plan, with average support over 92% in the last 5 years. We urge you to again support our Company and vote FOR Say on Pay at our 2025 Annual Meeting of Shareholders.

#### Sincerely,

#### Alexander M. Cutler Todd J. Vasos
Independent Lead Director Chair, Compensation & Organization Committee