Company: KEY-PI
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001193125-25-066284
Chunk: 3

Company: KEYCORP /NEW/
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 3
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 portfolio; over 50% of our commercial & industrial loans rated as investment grade or the equivalent •  Less exposure to office, leveraged lending, unsecured consumer and credit cards than peers                                                                                                                                                                                                                       |

| (1) | See the reconciliation of this GAAP to non-GAAP financial measure on page 23 of our Fourth Quarter 2024 Earnings Release Supplemental Information Package attached as Exhibit 99.2 to Form 8-K filed on January 21, 2025. |

| iv |

Proxy Statement Summary Corporate Responsibility and Sustainability We believe the best way to deliver long-term value is by delivering on our commitments to every stakeholder we serve – our shareholders, clients, colleagues, regulators, and communities. At Key, corporate responsibility and sustainability are central to who we are and how we do business – we are here to help our clients, colleagues, and communities thrive – and through these efforts, we create outstanding results for our shareholders. For more information on Key’s corporate responsibility and sustainability strategy, priorities, and highlights of our efforts in 2024, please see “Corporate Responsibility and Sustainability” on page 20 of this proxy statement and our annual disclosures, which can be found at https://www.key.com/about/corporate-responsibility/crreports.html. Corporate Governance Practices We are committed to meeting high standards of ethical behavior, corporate governance, and business conduct. Some of our corporate governance best practices include:

| Director Elections |     | •  Annual elections for all directors (page 1)   •  Majority voting in uncontested elections (page 4) |

| Board        
 Independence |     | •  All director nominees, other than Mr. Gorman, are independent under the New York Stock Exchange’s and KeyCorp’s standards of independence (page 20)   •  Our standing Board committees (Audit, Compensation and Organization, Nominating and Corporate Governance, Risk, and Technology) consist solely of independent directors (page 15)   •  Independent Lead Director—Alexander M. Cutler—with extensive responsibilities (page 14)   •  Annual Lead Director evaluation and review of Board leadership structure by independent directors 
 (pages 14 and 15)   •  Prior approval from the Lead Director of the Board agenda, schedule, and materials (page 14)                                                                                                                                                                                                                                                                                                                                                                                                                               |

| Standing Board Committees |                                               | Audit Committee |                     | 14 meetings