KeyCorp Appoints New Chief Legal Officer

TL;DR

KeyCorp hires Amy Brady as new CLO, starting Jan 15, 2025, with $550K salary + equity.

AI Summary

KeyCorp announced on December 27, 2024, the appointment of Amy G. Brady as Executive Vice President and Chief Legal Officer, effective January 15, 2025. Brady will receive an annual base salary of $550,000 and will be eligible for KeyCorp's annual incentive plan and long-term equity awards. She will also receive a sign-on equity award valued at $1,000,000, vesting over three years.

Why It Matters

The appointment of a new Chief Legal Officer can signal strategic shifts or a focus on compliance and risk management within the company.

Risk Assessment

Risk Level: low — This filing primarily concerns an executive appointment and compensation, which typically carries a low inherent risk.

Key Numbers

• $550,000 — Annual Base Salary (Amy G. Brady's starting salary as Chief Legal Officer.)
• $1,000,000 — Sign-on Equity Award (Equity award granted to Amy G. Brady, vesting over three years.)

Key Players & Entities

• KeyCorp (company) — Company making the announcement
• Amy G. Brady (person) — Newly appointed Executive Vice President and Chief Legal Officer
• $550,000 (dollar_amount) — Annual base salary for Amy G. Brady
• $1,000,000 (dollar_amount) — Value of sign-on equity award for Amy G. Brady
• January 15, 2025 (date) — Effective date of Amy G. Brady's appointment
• December 27, 2024 (date) — Date of the report

FAQ

Key Financial Figures

• $1 — ge on which registered Common Shares, $1 par value KEY New York Stock Exchan
• $2.8 billion — estment in the Company of approximately $2.8 billion by acquiring a number of the Company's
• $17.17 — ny's common shares for a fixed price of $17.17 per share that on a post-transaction ba
• $0.8 billion — ock with an investment of approximately $0.8 billion. Following the initial purchase, Scotia
• $2.0 billion — ent with an investment of approximately $2.0 billion (the "Second Closing"). Following the S
• $3.0 billion — ties portfolio by selling an additional $3.0 billion of low-yielding investment securities a
• $700 million — xpected after-tax loss of approximately $700 million in the fourth quarter of 2024. The inve

Filing Documents

• d903905d8k.htm (8-K) — 57KB
• d903905dex101.htm (EX-10.1) — 48KB
• d903905dex991.htm (EX-99.1) — 4KB
• g903905g1227224409099.jpg (GRAPHIC) — 2KB
• 0001193125-24-287188.txt ( ) — 307KB
• key-20241227.xsd (EX-101.SCH) — 3KB
• key-20241227_def.xml (EX-101.DEF) — 14KB
• key-20241227_lab.xml (EX-101.LAB) — 24KB
• key-20241227_pre.xml (EX-101.PRE) — 15KB
• d903905d8k_htm.xml (XML) — 9KB

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits . (d) Exhibits 10.1* Form of Performance Shares Award Agreement. 99.1 Press Release dated December 27, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). * Certain confidential portions of this Exhibit were omitted by means of marking such portions with brackets ("[****]") because the identified confidential portions (i) are not material and (ii) would be competitively harmful if publicly disclosed. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. KEYCORP Date: December 31, 2024 /s/ Andrea R. McCarthy Name: Andrea R. McCarthy Title: Assistant Secretary

View Full Filing

View this 8-K filing on SEC EDGAR