secwatch.observer — SEC 8-K summary
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Issuer:     KEYCORP /NEW/ (KEY)
CIK:        0000091576
Form:       8-K/A
Filed at:   2025-01-03T23:59:59+00:00
Accession:  0001193125-25-001536
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91576/000119312525001536/0001193125-25-001536-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91576/000119312525001536/d913918d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-001536

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer