V
Velarion™Intelligence
Sign InFree TrialBook a Walkthrough
Banking

KeyCorp Executive Compensation (FY25)

KEY · Executive and director compensation, fiscal 2022 to 2025
Data as of September 5, 2026Latest filing (8-K): May 14, 2026
283 figures on this page: 275 cited to the filing that reported them, 8 calculated from figures it prints. See the citations
Christopher Gorman was paid $11,522,025 in total compensation as Chairman and Chief Executive Officer for fiscal 2025, and Gorman's total was 38.2% lower than the $18,638,612 reported for fiscal 2024. The company reported a chief executive pay ratio of 127:1 for fiscal 2025, against median employee compensation of $91,077. For fiscal 2025, shareholders backed the say-on-pay proposal with 92.4% of votes cast for or against in favor at the meeting held May 14, 2026. The disclosed peer group includes Citizens Financial Group, Inc., Comerica Incorporated, Fifth Third Bancorp, Huntington Bancshares Incorporated and M&T Bank Corporation, among others.
Chief executive, fiscal 2025
◇
Christopher Gorman
Latest say-on-pay support
=
May 14, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Christopher Gorman: $18,638,612 → $11,522,025 (38.2% lower)
Say-on-pay support: 63.2% → 92.4% (29.2 points higher)
CEO pay ratio: 212:1 → 127:1 (40.1% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is KeyCorp's chief executive and what were they paid?
Christopher Gorman was paid $11,522,025 in total compensation as Chairman and Chief Executive Officer for fiscal 2025. Gorman's total was 38.2% lower than the $18,638,612 reported for fiscal 2024.
What was KeyCorp's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 92.4% of votes cast for or against in favor at the meeting held May 14, 2026.
Which companies are in KeyCorp's peer group?
The disclosed peer group includes Citizens Financial Group, Inc., Comerica Incorporated, Fifth Third Bancorp, Huntington Bancshares Incorporated and M&T Bank Corporation, among others.
What is KeyCorp's chief executive pay ratio?
The company reported a chief executive pay ratio of 127:1 for fiscal 2025, against median employee compensation of $91,077.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Christopher Gorman
Chairman and Chief Executive Officer
◇—◇◇◇◇◇◇
Donald Kimble
Former Vice Chair and Chief Financial Officer
◇—◇◇◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jameson Gorman
Vice Chair, Consumer Bank
◇—◇◇◇◇◇◇
Christopher Gorman
Chairman and Chief Executive Officer
◇—◇◇◇◇◇◇
Andrew Paine
Vice Chair, KeyBanc Capital Markets
◇—◇◇◇◇◇◇
Donald Kimble
Former Vice Chair and Chief Financial Officer
Departed during or after this year
◇—◇—◇—◇◇
Clark Khayat
President
◇—◇◇◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jameson Gorman
Vice Chair, Consumer Bank
◇—◇◇◇◇◇◇
Christopher Gorman
Chairman and Chief Executive Officer
◇—◇◇◇◇◇◇
Andrew Paine
Vice Chair, KeyBanc Capital Markets
◇—◇◇◇◇◇◇
Clark Khayat
President
◇—◇◇◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Christopher Gorman
Chairman and Chief Executive Officer
◇—◇◇◇◇◇◇
Mohit Ramani
Chief Risk Officer
◇◇◇◇◇—◇◇
Andrew Paine
Head of Institutional Bank
◇—◇◇◇◇◇◇
Clark Khayat
Chief Financial Officer
◇—◇◇◇—◇◇
Amy Brady
Former Chief Information Officer
Departed during or after this year
◇—◇◇◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Amy G. BradyRSU———◇——◇
Amy G. BradyOPTION———◇—◇◇
Amy G. BradyPSU—◇◇—◇—◇
Andrew J. Randy PaineOPTION———◇—◇◇
Andrew J. Randy PaineRSU———◇——◇
Andrew J. Randy PainePSU—◇◇—◇—◇
Christopher M. GormanPSU—◇◇—◇—◇
Christopher M. GormanOPTION———◇—◇◇
Christopher M. GormanRSU———◇——◇
Clark KhayatOPTION———◇—◇◇
Clark KhayatRSU———◇——◇
Clark KhayatPSU—◇◇—◇—◇
Mo RamaniRSU———◇——◇
Mo RamaniPSU—◇◇—◇—◇
Mo RamaniOPTION———◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Christopher GormanRSU◇◇——
Option◇—◇2/17/2033
Option◇—◇2/14/2032
PSU◇◇——
Option◇—◇2/17/2035
Option◇—◇2/16/2034
Clark KhayatPSU◇◇——
Option◇—◇2/14/2032
Option◇—◇2/17/2033
Option◇—◇2/17/2035
Option◇—◇2/16/2034
RSU◇◇——
Andrew PaineOption◇—◇2/17/2033
Option◇—◇2/14/2032
Option◇—◇2/17/3035
PSU◇◇——
RSU◇◇——
Option◇—◇2/16/2034
Amy BradyOption◇—◇2/14/2032
PSU◇◇——
Option◇—◇2/17/2035
RSU◇◇——
Option◇—◇2/17/2033
Option◇—◇2/16/2034
Mo RamaniPSU◇◇——
RSU◇◇——
Option◇—◇2/17/2035
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Alexander M. Cutler
◇◇————◇
Elizabeth R. Gile
◇◇————◇
Richard J. Hipple
◇◇————◇
H. James Dallas
◇◇————◇
David K. Wilson
◇◇————◇
Todd J. Vasos
Lead independent director
◇◇————◇
Ruth Ann M. Gillis
◇◇————◇
Somesh Khanna
◇◇————◇
Devina A. Rankin
◇◇————◇
Richard J. Tobin
◇◇————◇
Robin N. Hayes
◇◇————◇
Barbara R. Snyder
◇◇————◇
Carlton L. Highsmith
◇◇————◇
Jacqueline L. Allard
◇◇————◇
Christopher M. Gorman served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Equity is delivered as Deferred Shares.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Citizens Financial Group, Inc. CFG
  • Comerica Incorporated CMA
  • Fifth Third Bancorp FITB
  • Huntington Bancshares Incorporated HBAN
  • M&T Bank Corporation MTB
  • Regions Financial Corporation RF
  • The PNC Financial Services Group, Inc. PNC
  • Truist Financial Corporation TFC
  • U.S. Bancorp USB
  • Zions Bancorporation ZION

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 14, 2026=◇◇◇
2024May 15, 2025=◇◇◇
2023May 9, 2024=◇◇◇
2022May 11, 2023=◇◇◇
2021May 12, 2022=◇◇◇
2020May 13, 2021=◇◇◇
2019May 21, 2020=◇◇◇
2017May 10, 2018=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
Email me this page as a cited PDF
The same figures, the same citations, formatted to hand to a committee. Nothing is added that is not on this page.
Your address is used for this and nothing else. Unsubscribe in one click.
Tell me when KeyCorp files
You get a note when this company’s compensation data changes.
Your address is used for this and nothing else. Unsubscribe in one click.

What this page does not include

Everything above is a fact KeyCorp disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where KeyCorp sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Enquire about access
Multiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion Intelligence
Join the list for a Velarion Pro seat
Full platform access for one person: every industry we cover, peer positioning, and the written analysis. We will email you when it opens.
Your address is used for this and nothing else. Unsubscribe in one click.
Join the list for Peer Group Review
Whether KeyCorp's disclosed peer group is defensible, who names KeyCorp back in their own benchmarking group, and how pay tracks performance across it. This is the analysis a compensation consultant delivers on the group above. We will email you when it opens.
Your address is used for this and nothing else. Unsubscribe in one click.

Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
283 figures on this page: 275 cited to the filing that reported them, 8 calculated from figures it prints.
275 cited to the filing
8 calculated from the filing

Documents cited

  1. 0001628280-26-035060
  2. 0001193125-26-127600
    2025 Director Compensation Table · 2025 Grants of Plan-Based Awards Table · 2025 Outstanding Equity Awards at Fiscal Year-End Table · 2025 Summary Compensation Table · and 1 more section
  3. 0000091576-25-000085
  4. 0001193125-25-066284
    2024 Summary Compensation Table
  5. 0001193125-24-136216
  6. 0001193125-24-074588
    2023 Summary Compensation Table
  7. 0001193125-23-143501
  8. 0001193125-23-078581
    Summary Compensation Table
  9. 0001193125-22-150106
  10. 0001193125-21-162024
  11. 0001193125-20-151540
  12. 0001193125-18-160851
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “KeyCorp executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/KEY (accessed 2026).
Short form: data: Velarion
Embed this data
A small, cited view of this data for your own page or newsletter. Every embed carries a visible link back here, so the attribution travels with it.
The headline figures, each with its citation.
Connect an AI assistant
Ask your own assistant about KeyCorp and roughly 3,000 other US public companies, and get back the same figures on this page with the same citations. Free read access, no account. Add this to your assistant's connector settings.
Setup guide and the full list of questions it answers

Banking rankings

Chief executive pay — BankingCEO pay ratio — BankingSay-on-pay support — Banking

Peers KeyCorp discloses

The companies named in KEY's own disclosed peer group.

Citizens Financial Group, Inc.Comerica IncorporatedFifth Third BancorpHuntington Bancshares IncorporatedM&T Bank CorporationRegions Financial CorporationThe PNC Financial Services Group, Inc.Truist Financial CorporationU.S. BancorpZions Bancorporation

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy