Company: KEY-PI
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001193125-25-066284
Chunk: 37

Company: KEYCORP /NEW/
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 37
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----|:-------|-----------:|
| Christopher M. Gorman       |     | $              | 1,200,000 |     | $           | 2,700,000 |     | $           | 6,900,000 |     | $      | 10,800,000 |
| Clark Khayat                |     | $              |   600,000 |     | $           | 1,800,000 |     | $           | 2,000,000 |     | $      |  4,400,000 |
| Andrew J. “Randy” Paine III |     | $              |   600,000 |     | $           | 2,100,000 |     | $           | 2,600,000 |     | $      |  5,300,000 |
| Angela G. Mago              |     | $              |   600,000 |     | $           | 1,100,000 |     | $           | 1,300,000 |     | $      |  3,000,000 |
| Amy G. Brady                |     | $              |   700,000 |     | $           | 1,200,000 |     | $           | 1,500,000 |     | $      |  3,400,000 |

| 32 |

Compensation Discussion and Analysis

| (1) | Represents the annual incentive paid in 2025 for 2024 performance. |

| (2) | We generally consider long-term incentives granted during a given year to be part of the prior year’s total pay opportunity. The amounts reflected in the table differ from those reported for 2024 in the Summary Compensation Table on page 49 of this proxy statement, which reflects any long-term incentives granted during a given year (including one-time awards), rather than after year-end, even if awarded for services performed for a prior year. The Summary Compensation Table on page 49 reflects awards granted in 2024 for 2023 performance. |

| (3) | The Compensation Committee granted each of our executive officers a supplmental Capital and Earnings Improvement Award in December 2024 to incentivize performance over 2025 and 2026 to generate and deliver long-term shareholder value from the Scotiabank strategic minority investment. These awards are described below beginning on page 36 of this proxy statement but are not included in this table