other material
confidence high
sentiment neutral
materiality 0.25
KeyCorp amends 8-K to correct compensation awards for Paine and Mago
KEYCORP /NEW/
- Corrected target grant values: Paine $2,613,551; Mago $1,982,688.
- Awards are share-settled performance-based equity vested in Jan 2027 on capital and EPS/CET1 goals.
- CEO Gorman target grant $7.57M, CFO Khayat $2.93M, CIO Brady $1.62M.
- Maximum payout 150% of target; total value capped at 250% of target; one-year holding period.
- Awards granted Dec 30, 2024 under KeyCorp's 2019 Equity Plan.