Curtis C. Farmer - Feb 28, 2023 Form 4 Insider Report for COMERICA INC /NEW/ (CMA)

Role
Chairman, President and CEO, Director
Signature
/s/ Jennifer S. Perry, on behalf of Curtis C. Farmer through Power of Attorney
Stock symbol
CMA
Transactions as of
Feb 28, 2023
Transactions value $
-$1,002,991
Form type
4
Date filed
3/2/2023, 03:21 PM
Previous filing
Jan 30, 2023
Next filing
Apr 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMA Common Stock Award $0 +36.4K +20.83% $0.00 211K Feb 28, 2023 Direct F1, F2
transaction CMA Common Stock Tax liability -$1M -14.3K -6.78% $70.10 197K 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) 1.81K Feb 28, 2023 Common Stock 1.81K $42.32 Direct F3
holding CMA Employee Stock Option (right to buy) 5.65K Feb 28, 2023 Common Stock 5.65K $32.97 Direct F3
holding CMA Employee Stock Option (right to buy) 4.27K Feb 28, 2023 Common Stock 4.27K $67.66 Direct F3
holding CMA Employee Stock Option (right to buy) 4.94K Feb 28, 2023 Common Stock 4.94K $95.25 Direct F3
holding CMA Employee Stock Option (right to buy) 6.61K Feb 28, 2023 Common Stock 6.61K $80.17 Direct F3
holding CMA Employee Stock Option (right to buy) 6.7K Feb 28, 2023 Common Stock 6.7K $79.01 Direct F3
holding CMA Employee Stock Option (right to buy) 25K Feb 28, 2023 Common Stock 25K $63.15 Direct F3
holding CMA Employee Stock Option (right to buy) 20.1K Feb 28, 2023 Common Stock 20.1K $60.12 Direct F3
holding CMA Employee Stock Option (right to buy) 16.9K Feb 28, 2023 Common Stock 16.9K $92.58 Direct F3
holding CMA Employee Stock Option (right to buy) 24.4K Feb 28, 2023 Common Stock 24.4K $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, a "target" award of 33,450 performance restricted stock units ("SELTPP units") was 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 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.