Jay K. Oberg Through Power - 28 Feb 2023 Form 4 Insider Report for COMERICA INC /NEW/ (CMA)

Reporting relationship: Senior EVP, Chief Risk Officer
Issuer ticker: CMA
Reported as of: 28 Feb 2023
Net transaction value: -$199,995
SEC form: 4
Accepted by SEC: 02 Mar 2023, 15:51:13 UTC
Prior SEC filing: 30 Jan 2023
Source filing: View source filing
Reporting owner signature: /s/ Jennifer S. Perry, on behalf of Jay K. Oberg through Power of Attorney

Key filing fact

Jay K. Oberg Through Power filed Form 4 for COMERICA INC /NEW/ (CMA) on 02 Mar 2023.

Key facts

This page summarizes Jay K. Oberg Through Power's Form 4 filing for COMERICA INC /NEW/ (CMA).
2 reported transactions and 10 derivative rows are listed below.
Accepted by SEC: 02 Mar 2023, 15:51.

Change

Previous filing in this sequence was filed on 30 Jan 2023.
Current net transaction value: -$199,995.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CMA transaction

Common Stock

Award

Transaction value: $0
Shares: +6,543
Change %: +15%
Price: $0.000000
Shares after: 49,158
Date: 28 Feb 2023
Ownership: Direct
Footnotes: F1, F2

CMA transaction

Common Stock

Tax liability

Transaction value: $199,995
Shares: -2,853
Change %: -5.8%
Price: $70.10
Shares after: 46,305
Date: 28 Feb 2023
Ownership: Direct
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CMA holding Derivative

Employee Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 5
Date: 28 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 5
Exercise price: $49.51
Footnotes: F3

CMA holding Derivative

Employee Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,640
Date: 28 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,640
Exercise price: $42.32
Footnotes: F3

CMA holding Derivative

Employee Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,130
Date: 28 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,130
Exercise price: $32.97
Footnotes: F3

CMA holding Derivative

Employee Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,010
Date: 28 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,010
Exercise price: $67.66
Footnotes: F3

CMA holding Derivative

Employee Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 805
Date: 28 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 805
Exercise price: $95.25
Footnotes: F3

CMA holding Derivative

Employee Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,575
Date: 28 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,575
Exercise price: $80.17
Footnotes: F3

CMA holding Derivative

Employee Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 4,505
Date: 28 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 4,505
Exercise price: $63.15
Footnotes: F3

CMA holding Derivative

Employee Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 4,395
Date: 28 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 4,395
Exercise price: $60.12
Footnotes: F3

CMA holding Derivative

Employee Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,810
Date: 28 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,810
Exercise price: $92.58
Footnotes: F3

CMA holding Derivative

Employee Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 3,415
Date: 28 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 3,415
Exercise price: $71.16
Footnotes: F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

On January 28, 2020, a "target" award of 6,020 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.

Footnote F2

Includes shares acquired through employee stock plans, shares purchased with reinvested dividends and restricted stock units as of February 28, 2023.

Footnote F3

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

We use cookies and similar technologies to provide certain features, enhance the user experience and, if you allow them, measure engagement and deliver advertising. Analytics and marketing storage stay off until you grant consent. By clicking on "Agree and continue", you declare your consent to the use of the selected optional cookies. to update or revoke optional consent for future visits. For more information, see our Privacy Policy .