Company: KEY-PI
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001193125-25-066284
Chunk: 68

Company: KEYCORP /NEW/
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 68
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2)         |     |           |   600,000 |     |               | — |     |             | 72,593 |     |            | 1,042,042 |     |             | 1,884,409 |     |              | — |     |                  |      — |     |            |  3,599,045 |
| Change of Control Termination (3) |     |           | 6,321,004 |     |               | — |     |             | 72,593 |     |            | 1,042,042 |     |             | 5,140,100 |     |              | — |     |                  | 46,000 |     |            | 12,621,740 |

| (1) | Mr. Khayat is not retirement eligible and therefore all unvested, outstanding equity awards would be forfeited. |

| (2) | In the event of a termination under Limited Circumstances, Mr. Khayat would be eligible for up to one year of base salary in severance. In certain circumstances and in our discretion, Mr. Khayat may also be eligible for a pro-rated portion of the target Annual Incentive attributable to the performance year in which a termination of employment occurs, generally based on the length of time worked during such year. |

| (3) | Mr. Khayat is entitled to receive severance of two times the sum of his base salary and target annual incentive plus annual COBRA medical premiums as a result of a Change of Control Termination, as well as two additional years of deferred compensation matching contributions. |

| 60 |

Compensation of Executive Officers and Directors

| (4) | The Capital & Earnings Improvement Award granted to Mr. Khayat on December 30, 2024, is included in this column. Note that the Capital & Earnings Improvement Awards do not provide for vesting upon a voluntary resignation, including retirement, or upon a termination under limited circumstances. |

Andrew J. “Randy” Paine

| Termination Event                 |     | Severance 
 Pay ($)   |     |           |     | Annual        
 Incentive ($) |     |   |     | Stock       
 Options ($) |     |         |     | Restricted      
 Stock Units ($) |     |           |     | Performance 
 Awards ($)  |     |           |     | Nonqualified    
 Pension         
 Benefits ($)(1) |     |