---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-001536"
form_type: "8-K/A"
ticker: "KEY"
cik: "0000091576"
company_name: "KEYCORP /NEW/"
filed_at: "2025-01-03T23:59:59+00:00"
generated_at: "2026-05-28T17:15:39.537736+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# KeyCorp amends 8-K to correct compensation awards for Paine and Mago

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-001536
- form_type: 8-K/A
- ticker: KEY
- cik: 0000091576
- company_name: KEYCORP /NEW/
- filed_at: 2025-01-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/91576/000119312525001536/0001193125-25-001536-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/91576/000119312525001536/d913918d8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-001536
- JSON: https://secwatch.observer/filing/0001193125-25-001536.json
- Plain text: https://secwatch.observer/filing/0001193125-25-001536.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.