James J. Herzog - Feb 28, 2023 Form 4 Insider Report for COMERICA INC /NEW/ (CMA)

Role
Senior EVP and CFO
Signature
s/ Jennifer S. Perry, on behalf of James J. Herzog through Power of Attorney
Stock symbol
CMA
Transactions as of
Feb 28, 2023
Transactions value $
-$263,506
Form type
4
Date filed
3/2/2023, 03:17 PM
Previous filing
Feb 28, 2023
Next filing
Jan 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMA Common Stock Award $0 +9.55K +35.87% $0.00 36.2K Feb 28, 2023 Direct F1, F2
transaction CMA Common Stock Tax liability -$264K -3.76K -10.39% $70.10 32.4K Feb 28, 2023 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding CMA Employee Stock Option (right to buy) 584 Feb 28, 2023 Common Stock 584 $32.97 Direct F3
holding CMA Employee Stock Option (right to buy) 912 Feb 28, 2023 Common Stock 912 $67.66 Direct F3
holding CMA Employee Stock Option (right to buy) 905 Feb 28, 2023 Common Stock 905 $95.25 Direct F3
holding CMA Employee Stock Option (right to buy) 1.24K Feb 28, 2023 Common Stock 1.24K $80.17 Direct F3
holding CMA Employee Stock Option (right to buy) 2.5K Feb 28, 2023 Common Stock 2.5K $63.15 Direct F3
holding CMA Employee Stock Option (right to buy) 4.06K Feb 28, 2023 Common Stock 4.06K $56.79 Direct F3
holding CMA Employee Stock Option (right to buy) 5.66K Feb 28, 2023 Common Stock 5.66K $60.12 Direct F3
holding CMA Employee Stock Option (right to buy) 4.82K Feb 28, 2023 Common Stock 4.82K $92.58 Direct F3
holding CMA Employee Stock Option (right to buy) 6.35K Feb 28, 2023 Common Stock 6.35K $71.16 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 28, 2020 and February 25, 2020, "target" awards of 3,335 performance restricted stock units ("SELTPP units") and 5,450 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 employee stock plans, shares purchased with reinvested dividends and 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.