Company: KEY-PI
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001193125-25-066284
Chunk: 78

Company: KEYCORP /NEW/
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 78
---
 are our most important financial performance measures used to link compensation actually paid for the most recently completed fiscal year to Key’s performance:

| Most Important Performance Measures |
| EPS                                 |
| CET-1Ratio                          |
| ROTCE                               |

| 67 |

Compensation of Executive Officers and Directors Directors’ Compensation Consistent with our philosophy of aligning the economic interests of our directors and shareholders, the directors’ compensation paid to each non-employeedirector of KeyCorp consists of: (i) a cash retainer and (ii) stock-based compensation, referred to as “deferred shares.” The total amount of the cash retainer paid to each director differs depending upon whether the director serves as a member of certain committees of the Board, as chair of a committee of the Board, or as Lead Director of the Board. Mr. Gorman, as an employee of KeyCorp, did not receive in 2024 and will not receive in 2025 any compensation for his service as a director. Annually, the Nominating and Corporate Governance Committee reviews the amount and form of directors’ compensation payable to KeyCorp directors, including by comparing our program to the amounts and forms of directors’ compensation payable at bank holding companies in our Peer Group (identified on page 42 of this proxy statement). The Nominating and Corporate Governance Committee periodically requests information from CAP to assist in this annual review and did so in connection with setting director compensation for 2025. The Nominating and Corporate Governance Committee reports the results of its annual review to the full Board and recommends to the full Board changes, if any, to directors’ compensation. The Nominating and Corporate Governance Committee recommended an increase to the base retainer of $5,000, an increase in the deferred share award of $5,000, an increase in the additional Lead Director retainer of $5,000, and recommended $15,000 of additional cash retainer to certain directors for extraordinary service during 2024, which was approved and paid in 2024. Director compensation for 2024 and 2025 is described in the following table:

| Annual Compensation Element                         |     | 2024 
 ($)  |         |     | 2025 
 ($)  |         |
| Cash Retainer                                       |     |      | 100,000 |     |      | 105,000 |
| Deferred Share Award                                |     |      | 140,000 |     |      | 145,000 |
| Lead Director                                       |     |