KEYCORP /NEW/ 8-K

What Happened

• KeyCorp announced that Amy G. Brady informed the company she will resign as Chief Information Officer for personal health reasons effective March 2, 2026. She will remain employed as a non-executive employee through May 31, 2026 to assist with transition duties.

Key Details

• Effective resignation date: March 2, 2026; transition employment through Termination Date of May 31, 2026.
• Post-termination benefits: salary continuation and continued participation in Company health and welfare plans for one year after May 31, 2026 (i.e., through May 31, 2027).
• Compensation and equity: eligible for a 2026 incentive award and will continue to vest in the Capital and Earnings Improvement Award granted Dec. 30, 2024; the one-year post-vesting holding requirement for that award will be waived upon vesting.
• Payments and benefits are conditioned on Ms. Brady’s execution and non-revocation of a general release of claims.

Why It Matters

• This is an executive leadership change in KeyCorp’s technology organization; the company has arranged a defined transition period to maintain continuity.
• The filing confirms the company expects to provide salary/benefits continuation and to allow continued vesting of prior equity awards, creating near-term compensation obligations (amounts not disclosed) that are contingent on a release.
• For investors, the item signals a managed handoff rather than an abrupt departure, but also notes potential compensation and equity impacts that could affect future share vesting or expense recognition.