COMERICA INC — Director's Dealing 2025

Nov 12, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COMERICA INC (CMA)
CIK: 0000028412
Period of Report: 2025-11-07

Reporting Person: Herzog James J (Senior EVP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-11-07	Common Stock	M	912	$67.66	Acquired	34294	Direct
2025-11-07	Common Stock	M	2495	$63.15	Acquired	36789	Direct
2025-11-07	Common Stock	M	4060	$56.79	Acquired	40849	Direct
2025-11-07	Common Stock	M	5655	$60.12	Acquired	46504	Direct
2025-11-07	Common Stock	M	3172	$71.16	Acquired	49676	Direct
2025-11-07	Common Stock	M	1977	$53.96	Acquired	51653	Direct
2025-11-07	Common Stock	F	15821	$78.89	Disposed	35832	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-11-07	Employee Stock Option (right to buy)	$67.66	M	912	Disposed	2027-01-24	Common Stock (912)	Direct
2025-11-07	Employee Stock Option (right to buy)	$63.15	M	2495	Disposed	2030-01-28	Common Stock (2495)	Direct
2025-11-07	Employee Stock Option (right to buy)	$56.79	M	4060	Disposed	2030-02-25	Common Stock (4060)	Direct
2025-11-07	Employee Stock Option (right to buy)	$60.12	M	5655	Disposed	2031-01-26	Common Stock (5655)	Direct
2025-11-07	Employee Stock Option (right to buy)	$71.16	M	3172	Disposed	2033-01-24	Common Stock (3172)	Direct
2025-11-07	Employee Stock Option (right to buy)	$53.96	M	1977	Disposed	2034-01-23	Common Stock (1977)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	28838	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$95.25	2028-01-23	Common Stock (905)	905	Direct
Employee Stock Option (right to buy)	$80.17	2029-01-22	Common Stock (1240)	1240	Direct
Employee Stock Option (right to buy)	$92.58	2032-01-25	Common Stock (4820)	4820	Direct

Footnotes

F1: Includes shares acquired through employee stock plans, shares purchased with reinvested dividends, restricted stock units and stock units held pursuant to a deferred compensation plan as of November 7, 2025.

F2: Reflects aggregate shares withheld for payment of exercise price and to satisfy tax withholding obligations.

F3: The options vest in four equal annual installments (based on the original grant amount) beginning on the date indicated in this column.