AI English summary of an SEC filing — figures as filed

KeyCorp said it filed this amendment solely to correct a scrivener’s error in the “Capital and Earnings Improvement Awards” table under Item 5.02 of the Form 8-K original filed on December 31, 2024.

8-K/ADeparture or Appointment of Directors or Certain Officers (amended)Amended filingFiled Jan 3, 2025Period of report Dec 27, 2024Summary published (UTC) Oct 17, 2026

Key points

AI summary

KeyCorp said it filed this amendment solely to correct a scrivener’s error in the “Capital and Earnings Improvement Awards” table under Item 5.02 of the Form 8-K original filed on December 31, 2024.
KeyCorp said the error related to the value of the Capital and Earnings Improvement Awards granted to Andrew J. “Randy” Paine and Angela G. Mago. It said no other disclosure in the original filing was changed.
KeyCorp said the Compensation Committee on December 30, 2024 granted share-settled performance-based equity awards to executives under the Amended and Restated 2019 Equity Plan. It said the purpose was to increase executives’ long-term stock ownership and retain key talent.
KeyCorp said the awards will vest in January 2027, with a maximum payout of 150% of target. It said Christopher M. Gorman’s target grant value is $7,570,295.

Summary

AI-written

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

Purpose of the amendment

KeyCorp said it filed this amendment solely to correct a scrivener’s error in the “Capital and Earnings Improvement Awards” table under Item 5.02 of the Form 8-K original filed on December 31, 2024.

Source · Based on the filing body and exhibits

Correction: Paine and Mago award values

KeyCorp said the error related to the value of the Capital and Earnings Improvement Awards granted to Andrew J. “Randy” Paine and Angela G. Mago. It said no other disclosure in the original filing was changed.

Source · Based on the filing body and exhibits

Capital and Earnings Improvement Awards granted

KeyCorp said the Compensation Committee on December 30, 2024 granted share-settled performance-based equity awards to executives under the Amended and Restated 2019 Equity Plan. It said the purpose was to increase executives’ long-term stock ownership and retain key talent.

Source · Based on the filing body and exhibits

Vesting conditions and target grant values

KeyCorp said the awards will vest in January 2027, with a maximum payout of 150% of target. It said Christopher M. Gorman’s target grant value is $7,570,295.

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.

View the original filing on SEC EDGAR ↗

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