KEYCORP /NEW/ — Director's Dealing 2023

May 15, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KEYCORP /NEW/ (KEY)
CIK: 0000091576
Period of Report: 2023-05-11

Reporting Person: Snyder Barbara R (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-05-11	Deferred Shares	$	A	15401	Acquired		Common Shares (15401)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	20602	Direct

Footnotes

F1: Includes approximately 210 common shares acquired through dividend reinvestments in March 2023.

F2: Each Deferred Share is the economic equivalent of one Common Share.

F3: Under the terms of KeyCorp's Amended and Restated Directors' Deferred Share Sub-Plan of the KeyCorp 2019 Equity Compensation Plan (the "Deferred Share Plan"), the Participant will receive payment of the Deferred Shares one-half as Common Shares and one-half in cash on July 1, 2026.

F4: The Deferred Shares were awarded under the Deferred Share Plan.

F5: Includes approximately 2,887 dividend-equivalent deferred shares accrued under the Deferred Share Plan in March 2023.