8-K filed May 14, 2026
KeyCorp authorizes $3B for stock buybacks
“KeyCorp also announced that its Board of Directors has authorized a new share repurchase program pursuant to which KeyCorp may purchase up to $3.0 billion of KeyCorp common shares, through open market purchases, privately negotiated transactions, or other means, including through Rule 10b5-1 plans and other programs, at the discretion of management and on terms that management determines to be advisable.”
From KeyCorp’s 8-K filed May 14, 2026 · read the filing · all documents
How big is it?
KeyCorp bought back $930M of stock in the twelve months to Jun 30, 2026. At that pace, $3.0B covers about 3.2 years of buybacks.
The amount equals 250% of its free cash flow over the same twelve months ($1.2B).
Its diluted share count is down 2.5% from a year earlier.
An authorization is permission, not a promise: the company can buy less, more slowly, or not at all, and usually doesn't have to say when it buys.
Show as table
| Period | Value |
|---|---|
| Q3 '23 | $0 |
| Q4 '23 | $0 |
| Q1 '24 | $0 |
| Q2 '24 | $0 |
| Q3 '24 | $0 |
| Q4 '24 | $0 |
| Q1 '25 | $35M |
| Q2 '25 | $0 |
| Q3 '25 | $0 |
| Q4 '25 | $200M |
| Q1 '26 | $389M |
| Q2 '26 | $341M |
Other KeyCorp buyback announcements
- Sep 25, 2026KeyCorp authorizes $3B for stock buybacks$3.0B