Keycorp (KEY) executive compensation, 2026 proxy

Christopher M. Gorman, Chairman and CEO, was paid $11.5M in 2025, down 38% from $18.6M the year before. The CEO-to-median-employee pay ratio was 127:1, on median employee pay of $91,077.

Filed
March 27, 2026
Annual meeting
May 14, 2026
Pay year
2025
Named executives
5
CEO total pay
$11.5M-38% vs prior year
CEO to median employee
127:1median $91,077
CEO pay in equity
60%$6.9M in awards
CEO Target Bonus
$2,700,000Annual incentive target opportunity
Median Employee Pay
$91,077Excluding CEO
CEO Pay Ratio
127:1CEO to median employee

How Gorman was paid

$11.5M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary10%Stock awards54%Option awards6%Non-equity incentive28%Pension and deferred comp0%All other compensation1%

Named executive officers

ExecutiveTotal
Christopher M. GormanChairman and CEO$11,522,025
Clark KhayatCFO$4,933,492
Andrew J. “Randy” Paine IIIHead of Institutional Bank$5,729,331
Amy G. BradyChief Information Officer$3,793,120
Mo RamaniChief Risk Officer$7,265,973

What changed and why

  • $11.5MChief executive officer total compensation decreased to $11,522,025 for 2025.
  • $6.2MStock awards granted to the chief executive officer totaled $6,209,991 in 2025.
  • $3.2MNon-equity incentive plan compensation for the chief executive officer was $3,240,000.
  • The ratio of annual total compensation of the chief executive officer to median employee pay is 127 to 1.
  • $1.9MChief risk officer Mo Ramani received a sign-on cash bonus of $1,900,000 upon joining.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.