Company: KEY-PI
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001193125-25-066284
Chunk: 74

Company: KEYCORP /NEW/
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 74
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| (3) | “Compensation Actually Paid” in columns (d), (e), and (g) was calculated in accordance with the requirements of Item 402(v). Key’s pension plan is frozen, and no service costs accrue on the plan. As a result, no pension values are reflected in this number, as the originally reported “Change in Pension Value” for each applicable fiscal year was subtracted from the amounts shown in columns (b), (c), and (f), as applicable, per Item 402(v). As required by Item 402(v), the amounts shown in columns (b), (c), and (f), as applicable, were also decreased by the reported “Stock Awards” and “Option Awards” for each applicable fiscal year. Outstanding and unvested equity awards were thenre-valuedas of the following dates: |

| 64 |

Compensation of Executive Officers and Directors

| The recalculated equity award values were added to the amounts shown in columns (b), (c), and (f), as applicable, resulting in the “Compensation Actually Paid” values shown in columns (d), (e), and (g), respectively and as applicable. |

| The charts below show the deductions from and additions to SCT Total Compensation and Average SCT Total Compensation that were made in order to calculate Compensation Actually Paid as reported in columns (d), (e), and (g) for each year included in the Pay Versus Performance Table: |

| Deductions and Additions to SCT Total for PEO (Gorman, column d) 
 Year                                                             |     | Pension Value Adjustments                                       
 DeductChange inPension ValueReported inSummaryCompensationTable |    |        |   |     | AddServiceCost |   |   |     | AddPriorServiceCost |   |   |     | Stock Award and Option Award Adjustments                                      
 Deduct Valueof StockAwards andOptionAwardsReported inSummaryCompensationTable |    |            |   |     | Add YearEnd FairValue ofUnvestedEquityAwardsGrantedDuring theFiscal Year |   |            |     | Add Yearover YearChange inFair Value ofOutstandingandUnvestedEquityAwardsGranted inPrior FiscalYears |    |           |   |     | AddFairValueas ofVestingDate ofEquityAwardsGrantedandVestedin theYear |   |   |     | Add Yearover YearChange inFair Valueof EquityAwardsGranted in