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KeyCorp logoKeyCorp KEY

The company said its Board of Directors on March 13, 2025 authorized a share repurchase program allowing KeyCorp to buy up to $1.0 billion of KeyCorp common shares.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said its Board of Directors on March 13, 2025 authorized a share repurchase program allowing KeyCorp to buy up to $1.0 billion of KeyCorp common shares.

  2. KeyCorp said in its press release that it may buy back shares in the open market or in privately negotiated transactions.

  3. KeyCorp said it intends to begin repurchasing shares in the second half of 2025, and it said the timing, price and number of shares repurchased will be at its discretion.

  4. The company said the timing, price and number of repurchases will depend on a variety of factors, including general market conditions, the stock price, regulatory requirements and limitations, and corporate liquidity requirements and priorities.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

KeyCorp Board Approves $1.0 billion Share Repurchase Program

The company said its Board of Directors on March 13, 2025 authorized a share repurchase program allowing KeyCorp to buy up to $1.0 billion of KeyCorp common shares.

Source · Based on the filing body and exhibits

Repurchase Method: Open Market or Privately Negotiated Transactions

KeyCorp said in its press release that it may buy back shares in the open market or in privately negotiated transactions.

Source · Based on the filing body and exhibits

Repurchases Expected to Begin in Second Half of 2025

KeyCorp said it intends to begin repurchasing shares in the second half of 2025, and it said the timing, price and number of shares repurchased will be at its discretion.

Source · Based on the filing body and exhibits

Factors Affecting Timing and Volume of Repurchases

The company said the timing, price and number of repurchases will depend on a variety of factors, including general market conditions, the stock price, regulatory requirements and limitations, and corporate liquidity requirements and priorities.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.