KEYCORP /NEW/ — Director's Dealing 2025

Oct 2, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KEYCORP /NEW/ (KEY)
CIK: 0000091576
Period of Report: 2025-09-30

Reporting Person: Rankin Devina A (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-09-30	Deferred Shares	$	A	1605	Acquired		Common Shares (1605)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	13430	Direct

Footnotes

F1: Directors may elect to defer the payment of directors' fees into the Amended and Restated Directors' Deferred Share Sub-Plan to the KeyCorp Amended and Restated 2019 Equity Compensation Plan (the "Deferred Share Plan"). The deferred fees are converted into deferred shares, which are the economic equivalent of common shares.

F2: Under the terms of the Deferred Share Plan, payment of the deferred shares has been deferred until the earlier of January 1, 2031, or the death of the participant.

F3: Includes approximately 813 dividend-equivalent deferred shares accrued under the Deferred Share Plan in September 2025.