KeyCorp Management

Management criteria checks 3/4

KeyCorp's CEO is Chris Gorman, appointed in May 2020, has a tenure of 3.92 years. total yearly compensation is $10.27M, comprised of 11.7% salary and 88.3% bonuses, including company stock and options. directly owns 0.12% of the company’s shares, worth $16.33M. The average tenure of the management team and the board of directors is 3.9 years and 10.8 years respectively.

Key information

Chris Gorman

Chief executive officer

US$10.3m

Total compensation

CEO salary percentage	11.7%
CEO tenure	3.9yrs
CEO ownership	0.1%
Management average tenure	3.9yrs
Board average tenure	10.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Chris Gorman's remuneration changed compared to KeyCorp's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$729m
Dec 31 2023	US$10m	US$1m	US$821m
Sep 30 2023	n/a	n/a	US$1b
Jun 30 2023	n/a	n/a	US$1b
Mar 31 2023	n/a	n/a	US$2b
Dec 31 2022	US$10m	US$1m	US$2b
Sep 30 2022	n/a	n/a	US$2b
Jun 30 2022	n/a	n/a	US$2b
Mar 31 2022	n/a	n/a	US$2b
Dec 31 2021	US$9m	US$1m	US$3b
Sep 30 2021	n/a	n/a	US$2b
Jun 30 2021	n/a	n/a	US$2b
Mar 31 2021	n/a	n/a	US$2b
Dec 31 2020	US$6m	US$928k	US$1b
Sep 30 2020	n/a	n/a	US$1b
Jun 30 2020	n/a	n/a	US$1b
Mar 31 2020	n/a	n/a	US$1b
Dec 31 2019	US$5m	US$777k	US$2b
Sep 30 2019	n/a	n/a	US$2b
Jun 30 2019	n/a	n/a	US$2b
Mar 31 2019	n/a	n/a	US$2b
Dec 31 2018	US$5m	US$700k	US$2b
Sep 30 2018	n/a	n/a	US$2b
Jun 30 2018	n/a	n/a	US$1b
Mar 31 2018	n/a	n/a	US$1b
Dec 31 2017	US$5m	US$679k	US$1b

Compensation vs Market: Chris's total compensation ($USD10.27M) is above average for companies of similar size in the UK market ($USD5.63M).

Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.

CEO

Chris Gorman (62 yo)

3.9yrs

Tenure

US$10,268,718

Compensation

Mr. Christopher Marrott Gorman, also known as Chris, has been Chairman and Chief Executive Officer and President at KeyCorp since May 01, 2020 and serves as its Director since September 19, 2019. He served...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Christopher Gorman	Chairman	3.9yrs	US$10.27m	0.12% $ 16.3m
Clark Harold Khayat	Chief Financial Officer	1.1yrs	US$2.81m	0.012% $ 1.6m
Amy Brady	Executive VP & Chief Information Officer	11.9yrs	US$3.13m	0.012% $ 1.6m
Angela Mago	Chief Human Resources Officer	less than a year	US$3.66m	0.025% $ 3.4m
Andrew Paine	Head of Institutional Bank	7.7yrs	US$4.47m	0.043% $ 5.9m
Stacy Gilbert	Chief Accounting Officer	less than a year	no data	0.00015% $ 20.7k
Brian Mauney	Director of Investor Relations	less than a year	no data	no data
James Waters	General Counsel & Corporate Secretary	2.8yrs	no data	0.0043% $ 599.2k
Susan Donlan	Chief Communications Officer	no data	no data	no data
Amy Carlson	Executive VP & Group Head of Debt Capital Markets Origination Structuring	40.3yrs	no data	no data
Katrina Evans	Chief of Staff & Director of Corporate Center	11.7yrs	no data	0.0097% $ 1.3m
Kenneth Gavrity	Head of Commercial Banking	9.6yrs	no data	0.011% $ 1.6m

3.9yrs

Average Tenure

56yo

Average Age

Experienced Management: 0JQR's management team is considered experienced (3.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Christopher Gorman	Chairman	4.6yrs	US$10.27m	0.12% $ 16.3m
Richard Hipple	Independent Director	11.9yrs	US$295.00k	0.0087% $ 1.2m
Ruth Ann Gillis	Independent Director	14.4yrs	US$255.00k	0.018% $ 2.5m
Alexander Cutler	Independent Lead Director	24.3yrs	US$310.00k	0.029% $ 4.0m
Carlton Highsmith	Independent Director	7.7yrs	US$255.00k	0.0057% $ 782.4k
Todd Vasos	Independent Director	3.8yrs	US$240.00k	0.0014% $ 187.3k
H. Dallas	Independent Director	18.9yrs	US$280.00k	0.013% $ 1.8m
Elizabeth Gile	Independent Director	14.1yrs	US$295.00k	0.0039% $ 537.2k
Barbara Snyder	Independent Director	13.8yrs	US$265.00k	0.0028% $ 387.0k
Robin Hayes	Independent Director	3.4yrs	US$255.00k	0.0012% $ 163.9k
David Wilson	Independent Director	9.8yrs	US$270.00k	0.0043% $ 596.4k
Devina Rankin	Independent Director	3.4yrs	US$255.00k	0.0011% $ 146.0k

10.8yrs

Average Tenure

68yo

Average Age

Experienced Board: 0JQR's board of directors are seasoned and experienced ( 10.8 years average tenure).

KeyCorp Management

Management criteria checks 3/4

Key information

Recent management updates

Keycorp Announces Chief Accounting Officer Changes, Effective March 15, 2024

Key Equipment Finance Promotes Shawn Arnone to Managing Director of the Capital Markets Group

Keybank Names Rachael Sampson as Head of Community Banking for the Consumer Bank

KeyCorp, Annual General Meeting, May 09, 2024

KeyCorp Names Darrin Benhart as Chief Risk Officer

KeyCorp Appoints Angela G. Mago as Chief Human Resources Officer

Recent updates

First quarter 2024 earnings released: EPS: US$0.24 (vs US$0.30 in 1Q 2023)

Keycorp Announces Chief Accounting Officer Changes, Effective March 15, 2024

Full year 2023 earnings released: EPS: US$0.89 (vs US$1.94 in FY 2022)

Upcoming dividend of US$0.20 per share

Key Equipment Finance Promotes Shawn Arnone to Managing Director of the Capital Markets Group

Full year 2023 earnings released: EPS: US$0.89 (vs US$1.94 in FY 2022)

Keybank Names Rachael Sampson as Head of Community Banking for the Consumer Bank

KeyCorp, Annual General Meeting, May 09, 2024

KeyCorp Names Darrin Benhart as Chief Risk Officer

KeyCorp Appoints Angela G. Mago as Chief Human Resources Officer

KeyBank Consolidates its Branches

Upcoming dividend of US$0.20 per share at 7.6% yield

Keybank Introduces Products & Services to Help Clients Take Further Control of Their Finances

Pomerantz LLP Announces the Filing of Class Action Against KeyCorp

Now 21% undervalued

KeyCorp Reports Net Charge-Offs for the Second Quarter 2023

Second quarter 2023 earnings released: EPS: US$0.31 (vs US$0.55 in 2Q 2022)

KeyCorp Declares Quarterly Cash Dividend on Common Shares, Payable on September 15, 2023

KeyCorp to Report Q2, 2024 Results on Jul 18, 2024

Investor sentiment improves as stock rises 16%

Upcoming dividend of US$0.20 per share at 8.2% yield

Keycorp Declares Quarterly Cash Dividend, Payable on June 15, 2023

Head of Institutional Bank recently bought US$734k worth of stock

Investor sentiment deteriorates as stock falls 17%

Insider recently bought US$101k worth of stock

First quarter 2023 earnings released: EPS: US$0.34 (vs US$0.46 in 1Q 2022)

Chief Information Officer recently sold US$701k worth of stock

Investor sentiment deteriorates as stock falls 16%

Upcoming dividend of US$0.20 per share at 4.3% yield

Full year 2022 earnings released: EPS: US$2.07 (vs US$2.65 in FY 2021)

KeyCorp Reports Net Charge Offs for the Fourth Quarter of 2022

KeyCorp, Annual General Meeting, May 11, 2023

Upcoming dividend of US$0.20 per share

KeyCorp Announces Executive Changes

Third quarter 2022 earnings released: EPS: US$0.56 (vs US$0.65 in 3Q 2021)

KeyCorp Reports Net Loan Charge-Offs for the Third Quarter Ended September 30, 2022

KeyBank Introduces New Key Coverage Zone(SM) for Clients to Avoid Overdraft Fees

Independent Director recently sold US$91k worth of stock

Upcoming dividend of US$0.20 per share

KeyCorp to Report Q2, 2023 Results on Jul 20, 2023

Second quarter 2022 earnings released: EPS: US$0.55 (vs US$0.73 in 2Q 2021)

Keycorp Provides Earnings Guidance for the Year 2022

Keycorp Declares Quarterly Cash Dividend on Common Shares; Payable on September 15, 2022

KeyBank Expands Embedded Banking Platform with New Payment Facilitation Capabilities

KeyCorp Announces Cash Dividend on the Corporation's Outstanding Common Shares, Payable on June 15, 2022

KeyCorp (NYSE:KEY) acquired GradFin LLC.

KeyBank Launches New Check-in Tool, Supports Small Business Growth and Financial Health

First quarter 2022 earnings released: EPS: US$0.46 (vs US$0.61 in 1Q 2021)

First quarter 2022 earnings released: EPS: US$0.46 (vs US$0.61 in 1Q 2021)

KeyCorp Announces Net Loan Charge-Offs for the First Quarter of 2022

Insider recently sold US$239k worth of stock

Upcoming dividend of US$0.20 per share

KeyCorp Appoints Helena Haynes-Carter as Chief Diversity, Equity, and Inclusion Officer

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Bank of Montreal Reportedly in Advanced Talks to Buy BNP Paribas's U.S. Unit

Insider recently sold US$221k worth of stock

Insider recently sold US$281k worth of stock

Third quarter 2021 earnings released: EPS US$0.65 (vs US$0.41 in 3Q 2020)

Independent Director Bruce Broussard has left the company

Independent Director Bruce Broussard has left the company

Insider recently sold US$191k worth of stock

Upcoming dividend of US$0.18 per share

Insider recently sold US$244k worth of stock

Second quarter 2021 earnings released: EPS US$0.73 (vs US$0.16 in 2Q 2020)

KeyBank Launches Digital Application and Approval Process for Existing Clients Opening Secured Credit Card

KeyCorp Declares Dividends for the Second Quarter of 2021, Payable on June 15, 2021

KeyCorp (NYSE:KEY) acquired XUP, Inc.

New 90-day high: US$21.28

KeyCorp (NYSE:KEY) acquired AQN Strategies LLC.