Company: KEY-PI
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001193125-25-066284
Chunk: 59

Company: KEYCORP /NEW/
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 59
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. Gorman’s personal use of Key’s aircraft during 2024. For aircraft use, the value reported reflects the incremental cost to Key, determined based on Key’s variable costs, including charges accrued on each leg of a trip and expenses incurred by the crew. The Compensation Committee has also authorized, and in some instances required, Mr. Gorman to use a secure automobile and professionally trained driver for business travel. Mr. Gorman does not use the car or driver for personal travel; however, some use of the car and driver occurring adjacent to business use is being reported as a perquisite. This column reflects $1,309 in value attributable to Mr. Gorman’s use of Key’s car and driver during 2024. For vehicle use, the value reflects the incremental cost to Key, determined based on factors including driver compensation, mileage, driver’s time spent, and any business adjacent use. In some cases, NEOs other than Mr. Gorman may be provided with personal use of the corporate aircraft and car or driver. |

| (d) | The amount in this column reflects the premium cost of a disability insurance policy for Mr. Gorman, which was purchased for Mr. Gorman prior to his becoming an executive officer at Key. |

| 50 |

Compensation of Executive Officers and Directors

| (e) | The amounts in this column consist of Company matching contributions to the qualified 401(k) Savings Plan. For more information about this plan, see page 41 of this proxy statement. |

| (6) | The following table sets forth detail about the amounts reported in the “Total” column excluding the grant date fair value of the one-time Capital & Earnings Improvement Awards granted to the NEOs on December 30, 2024. This footnote is intended as a supplement to, and not a substitute for, the information required to be disclosed in the Summary Compensation Table. |

| Name                    |     | Year |      |     | Salary 
 ($)    |           |     | Bonus 
 ($)   |     | Stock  
 Awards 
 ($)    |           |     | Option 
 Awards 
 ($)    |         |     |              Non-Equity 
          Incentive Plan 
 Compensation (Excluding 
               Capital & 
                Earnings 
             Improvement 
             Awards) ($) |     |     Change in 
 Pension Value 
           and 
  Nonqualified 
      Deferred 
  Compensation 
  Earnings ($) |     |    All Other 
 Compensation 
          ($) |     | Total