KeyCorp Chief Information Officer Amy Brady sold $700,000 in KeyCorp shares amid last week's selloff in what the company says was a precleared trade.
KeyCorp Chief Information Officer Amy Brady sold $700,000 in KeyCorp shares amid last week’s selloff in what the company says was a “precleared” trade.
“This was a precleared... KeyCorp Chief Information Officer Amy Brady sold $700,000 in KeyCorp shares amid last week’s selloff in what the company says was a “precleared” trade. “This was a precleared trade and the timing was related to KeyCorp’s year-end compensation schedule and the vesting of performance shares awarded to her,” a KeyCorp spokesperson told MarketWatch. Brady was cleared to trade with an allowable trading window between March 8 and March 14.
But Silverman doesn’t see Brady’s sale as necessarily troublesome given that her capacity as chief information officer situates her on the operational side of KeyCorp rather than on the investment side. Brady was cleared to trade, indicating those involved in such compliance approvals determined at the time that she wasn’t in possession of material nonpublic information.
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