JAMES MCGREGOR CARR - 28 Feb 2023 Form 4 Insider Report for COMERICA INC /NEW/ (CMA)

Role
Executive Vice Pres.
Signature
s/ Jennifer S. Perry, on behalf of James McGregor Carr through Power of Attorney
Issuer symbol
CMA
Transactions as of
28 Feb 2023
Net transactions value
-$398,238
Form type
4
Filing time
02 Mar 2023, 15:41:14 UTC
Previous filing
30 Jan 2023
Next filing
04 Apr 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CMA Common Stock Award $0 +14,434 +112% $0.000000 27,276 28 Feb 2023 Direct F1, F2
transaction CMA Common Stock Tax liability $398,238 -5,681 -21% $70.10 21,595 28 Feb 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) 7,585 28 Feb 2023 Common Stock 7,585 $29.34 Direct F3
holding CMA Employee Stock Option (right to buy) 2,325 28 Feb 2023 Common Stock 2,325 $34.86 Direct F3
holding CMA Employee Stock Option (right to buy) 3,930 28 Feb 2023 Common Stock 3,930 $60.12 Direct F3
holding CMA Employee Stock Option (right to buy) 2,510 28 Feb 2023 Common Stock 2,510 $92.58 Direct F3
holding CMA Employee Stock Option (right to buy) 3,050 28 Feb 2023 Common Stock 3,050 $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 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.