{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-287188","form_type":"8-K","ticker":"KEY","cik":"0000091576","company_name":"KEYCORP /NEW/","filed_at":"2024-12-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:11.375953+00:00","generated_at":"2026-05-28T22:36:24.926237+00:00","sec_items":["8.01","5.02","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"KeyCorp closes $2B Scotiabank tranche; now 14.9% owned; books $700M securities repositioning loss","bullets":["Scotiabank completed $2.0B purchase of KeyCorp common stock, now owns 14.9% of outstanding shares.","KeyCorp sold $3.0B low-yielding securities and terminated ~$3.0B cash flow hedges, expecting Q4 after-tax loss of ~$700M.","Reinvested proceeds into securities with average yield 5.5% (up from 1.5%) and duration 4 years (down from 8).","Board expanded to 15; appointed Jacqueline Allard and Somesh Khanna as directors, designated by Scotiabank.","CEO Christopher Gorman received target equity award of $7.57M under Capital and Earnings Improvement Awards."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-287188","json":"https://secwatch.observer/filing/0001193125-24-287188.json","markdown":"https://secwatch.observer/filing/0001193125-24-287188.md","text":"https://secwatch.observer/filing/0001193125-24-287188.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/91576/000119312524287188/0001193125-24-287188-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/91576/000119312524287188/d903905d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T22:36:24.926237+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}