{
  "id": 17141125,
  "title": "KeyCorp head Andrew Paine sells $829,556 in shares",
  "url": "https://urgent.news/2026/10/29/keycorp-head-andrew-paine-sells-829-556-in-shares",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T23:00:58.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/keycorp-head-andrew-paine-sells-829556-in-shares-93CH-4985567"
  },
  "original_language": "en",
  "account": "KeyCorp's top executive, Andrew J. Paine III, made a significant move in his personal portfolio on October 28, 2026, by selling a substantial amount of the company's shares. The head of Institutional Bank at KeyCorp (NASDAQ:KEY) divested 39,130 common shares, with the transaction amounting to $829,556. The shares were exchanged at prices between $20.20 and $20.21 per share. Since the sale, the stock price of KeyCorp has increased, currently trading at $21.49 – a 28.6% rise over the past year.\n\nIn explaining the rationale behind the sale, Paine had earlier exercised options to acquire the same 39,130 shares at a price of $18.96 each, on the same day. This purchase cost him $741,904. Furthermore, on October 27, 2026, Paine transferred 11,956 shares to his children, as part of a grantor retained annuity trust (GRAT) termination. These shares were transferred at a price of $0.00.\n\nAs of the latest available data, Paine directly owns 191,571 common shares of KeyCorp, along with indirect stakes in GRAT (102,946 shares), Paine Investments LP (445 shares), his spouse (4,265 shares), and a 401(k) Plan (27,210 shares). The total number of shares under Paine's ownership is therefore a complex mixture of personal and institutional holdings.\n\nKeyCorp's recent financial performance has been noteworthy. In their third-quarter 2026 earnings report, the bank surpassed analyst expectations with adjusted earnings of $0.51 per share, compared to the forecasted $0.46 per share. The revenue for the quarter was $2.04 billion, just slightly below the anticipated $2.05 billion. Analysts at DA Davidson have reacted positively to KeyCorp's solid performance, raising their price target for the bank's shares to $27.00 from $26.00, while maintaining a Buy rating. The firm highlighted a 24% year-over-year increase in earnings per share and a 15% rise quarter-over-quarter.\n\nThese financial results reflect KeyCorp's robust financial health and operational resilience. The bank's ability to navigate challenges and deliver impressive results is a testament to its strong business fundamentals.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}