Paine Andrew J III

Paine Andrew J III, Head of Institutional Bank, has demonstrated a clear selling bias in his trading activity involving KeyCorp (KEY) shares, according to SEC Form 4 filings. Over 37 reported transactions, his total sell value of $4.6 million significantly outweighs his $1.4 million in buys, with recent activity reinforcing this trend. His three most recent trades—on February 6, 2026, December 10, 2025, and September 9, 2025—were all sales, including a $1.53 million disposition earlier this month. While some transactions, such as the $468,859 purchase on September 9, 2025, and a $472,050 acquisition on November 6, 2024, reflect periodic acquisitions, these were offset by larger concurrent sales. The filings show Paine’s transactions are concentrated exclusively in KEY, with most activity tied to equity awards (coded "M" and "A") and discretionary sales (coded "S"). Notably, his February 17, 2026, filing included a $290,927 stock grant, but no offsetting buy activity. The pattern suggests a gradual reduction in exposure, with major sales in November 2024 ($1.26 million), September 2025 ($867,143), and February 2026 ($1.53 million). While some purchases coincide with equity vesting events, the net effect has been a steady decline in holdings, with no recent buys to counterbalance the disposals.