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    Christopher M. Gorman

    Chairman, CEO, and President at KeyCorp
    Board
    Since May 1, 2020
    Age
    64 years
    Tenure
    Joined KEY in 1998 and progressed through various roles including President of Key Corporate Bank, Merger Integration Executive, President and Chief Operating Officer, ultimately becoming Chairman, CEO, and President on May 1, 2020.

    Also at KeyCorp

    AMK
    Allyson M. Kidik
    Chief Risk Review Officer and General Auditor
    AGB
    Amy G. Brady
    Chief Information Officer
    AGM
    Angela G. Mago
    Chief Human Resources Officer

    About

    Christopher M. Gorman has over 25 years of financial services leadership experience and has played a pivotal role in transforming the organization into one of the largest financial institutions in the United States.

    After joining KEY in 1998 during the acquisition of McDonald Investments, he steadily advanced through numerous leadership roles. His career includes serving as President of Key Corporate Bank, leading the integration of a $40 billion financial institution with 400 branches, and holding positions as President and Chief Operating Officer before assuming his current role.

    Since becoming Chairman, CEO, and President on May 1, 2020, he has overseen substantial growth and strategic initiatives at KEY. Alongside his executive responsibilities, he contributes to various organizations by serving on boards such as The Clearing House, Bank Policy Institute, and others, underscoring his broad influence in the financial services industry.

    $KEY Performance Under Christopher M. Gorman

    Past Roles

    Organization Role Date Range Details
    KeyCorp Chief Operating Officer 2019–2020 N/A
    KeyCorp President of Banking and Vice Chairman 2017–2019 N/A
    KeyCorp Merger Integration Executive 2016–2017 Led integration of First Niagara Financial Group, Inc. – a $40 billion institution with 400 branches, the largest acquisition in KeyCorp’s history
    KeyCorp President of Key Corporate Bank 2010–2016 N/A
    McDonald Investments Various Leadership Roles Pre-1998 Acquired by KeyCorp in 1998

    External Roles

    Organization Role Date Range [N/A]Details [N/A]
    The Clearing House Supervisory Board Member N/A N/A
    Bank Policy Institute Board Member N/A N/A
    Ohio Business Roundtable Chairman N/A N/A
    Greater Cleveland Partnership Board Member N/A N/A
    University Hospital Health System Board Member N/A N/A
    Cleveland Museum of Art Board Member N/A N/A

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$1,200,000 AnnualFixed annual salary for 2023
    Executive Physical$2,352 AnnualCompensation for executive physical exam
    Executive Security$5,290 AnnualSecurity service compensation
    Transportation$120,782 AnnualTransportation expense for 2023
    Insurance Policy$205 AnnualInsurance policy cost
    Matching Contribution$22,500 AnnualMatching contribution for 2023

    Performance Compensation

    Data from  FY 2023

    Annual Incentive Award

    MetricValueDetails
    Threshold (Non-Equity)$1,350,000 Minimum performance payout requirement
    Target (Non-Equity)$2,700,000 Target payout level
    Maximum (Non-Equity)$5,400,000 Maximum payout cap
    Grant DateFebruary 17, 2023 Date the award was granted
    Evaluation PeriodCalendar Year ending December 31, 2023 Performance measurement period

    Equity Incentive Awards

    MetricValueDetails
    Threshold Shares109,660 shares Minimum share award threshold
    Target Shares219,321 shares Targeted share award quantity
    Maximum Shares328,981 shares Maximum number of shares available
    Grant Date Stock Price$19.15 Share price on the grant date
    Vesting ScheduleFour equal annual installments (Feb 17, 2024 - Feb 17, 2027) Vesting over four years

    Stock Option Awards

    MetricValueDetails
    Number of Options165,484 options Options granted
    Exercise Price$21.07 Set at 110% of the grant date stock price
    Grant Date Fair Value$699,997 Fair value at the time of grant

    Maximum Performance Share Award

    MetricValueDetails
    Grant Date Fair Value$6,299,996 Maximum award value based on performance
    Grant DateFebruary 17, 2023 Award grant date
    Grant Date Stock Price$19.15 Share price on the grant date
    Vesting ScheduleVests in January 2027 Vesting contingent on meeting performance conditions
    Performance MetricsRegulatory Capital, Cumulative EPS, CET-1 Goals Specific numerical thresholds not detailed
    Evaluation PeriodJanuary 1, 2025 - December 31, 2026 Period for evaluating performance
    Payout Cap150% of target, capped at 250% Maximum payout limitations

    Target Grant Value (Plan-Based Awards)

    MetricValueDetails
    Total Target Grant Value$7,570,295 Combined target grant value for 2023
    Composition60% Cash Performance Shares, 30% RSUs Breakdown of long-term incentive components
    Grant DateFebruary 17, 2023 Award grant date
    Grant Date Stock Price$19.15 Share price on the grant date
    Vesting ScheduleFour equal annual installments (Feb 17, 2024 - Feb 17, 2027) Vesting over four years
    Associated Option Details165,484 options; Exercise Price: $21.07; Fair Value: $699,997 Details on related stock option awards