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COMERICA INC — Director's Dealing 2023
Mar 2, 2023
30676_dirs_2023-03-02_08b38e50-e28b-45e9-a28e-ade8636e8505.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: COMERICA INC /NEW/ (CMA)
CIK: 0000028412
Period of Report: 2023-02-28
Reporting Person: CARR JAMES MCGREGOR (Executive Vice Pres.)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-02-28 | Common Stock | A | 14434 | — | Acquired | 27276 | Direct |
| 2023-02-28 | Common Stock | F | 5681 | $70.10 | Disposed | 21595 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option (right to buy) | $29.34 | 2030-03-31 | Common Stock (7585.0) | 7585 | Direct |
| Employee Stock Option (right to buy) | $34.86 | 2030-04-30 | Common Stock (2325.0) | 2325 | Direct |
| Employee Stock Option (right to buy) | $60.12 | 2031-01-26 | Common Stock (3930.0) | 3930 | Direct |
| Employee Stock Option (right to buy) | $92.58 | 2032-01-25 | Common Stock (2510.0) | 2510 | Direct |
| Employee Stock Option (right to buy) | $71.16 | 2033-01-24 | Common Stock (3050.0) | 3050 | Direct |
Footnotes
F1: On March 31, 2020 and April 30, 2020, "target" awards of 10,170 performance restricted stock units ("SELTPP units") and 3,110 SELTPP units, respectively, were granted to the reporting person pursuant to Comerica Incorporated's long-term incentive plan. The SELTPP units are settled in stock and vest in one installment following certification of results for a three-year performance period. The performance period ended on December 31, 2022, and on February 28, 2023, the SELTPP units vested upon Comerica's Governance, Compensation and Nominating Committee certification that (1) performance was achieved at 108.7% based upon satisfaction of a three-year average return on common equity excluding certain nonperformance items performance goal and (2) the negative total shareholder return modifier of 10 percentage points would not be applied based upon satisfaction of a relative total shareholder return goal.
F2: Includes shares acquired through restricted stock units as of February 28, 2023.
F3: The options vest in four equal annual installments (based on the original grant amount) beginning on the date indicated in this column.