CHAUSSE MELINDA A. 4
4 · COMERICA INC · Filed Jan 23, 2026
Research Summary
AI-generated summary of this filing
Comerica (CMA) Sr. EVP Melinda Chausse Exercises Options
What Happened
Melinda A. Chausse, Senior EVP & Chief Credit Officer of Comerica (CMA), exercised stock options on 2026-01-22. She acquired 1,365 shares at $80.17 (cost $109,432) and 1,582 shares at $92.58 (cost $146,462), for a total of 2,947 shares acquired and $255,894 paid. The company withheld 2,757 shares to cover the exercise price and tax withholding (reported value $261,832), resulting in a net increase of 190 shares retained by Chausse (net value ≈ $18,044 using the $94.97 withholding price).
Key Details
- Transaction date: 2026-01-22; Form 4 filed 2026-01-23 (timely, within SEC 2-business-day window).
- Option exercises: 1,365 shares @ $80.17 ($109,432) and 1,582 shares @ $92.58 ($146,462).
- Withheld for exercise/taxes: 2,757 shares @ $94.97 = $261,832 (transaction code F).
- Derivative cancellation entries (M) at $0 reflect conversion/cancellation of the exercised options.
- Net shares retained after withholding: +190 shares (2,947 acquired − 2,757 withheld); net retained value ≈ $18,044 at $94.97.
- Footnotes: F1 notes inclusion of shares from employee plans/RSUs/dividend reinvestment as of Jan 22, 2026; F2 confirms withholding to satisfy exercise price and tax obligations; F3 indicates these options vest in four equal annual installments.
Context
This was an option exercise with net share settlement (company withheld shares to cover cost and taxes), a common, typically routine insider transaction. It is a small net purchase (190 shares retained) rather than an outright market buy or sale. Filing was timely; the transaction does not, by itself, indicate a change in company outlook.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-01-22$80.17/sh+1,365$109,432→ 65,968 total - Exercise/Conversion
Common Stock
[F1]2026-01-22$92.58/sh+1,582$146,462→ 67,550 total - Tax Payment
Common Stock
[F2][F1]2026-01-22$94.97/sh−2,757$261,832→ 64,793 total - Exercise/Conversion
Employee Stock Option (right to buy)
[F3]2026-01-22−1,365→ 0 totalExercise: $80.17From: 2020-01-22Exp: 2029-01-22→ Common Stock (1,365 underlying) - Exercise/Conversion
Employee Stock Option (right to buy)
[F3]2026-01-22−1,582→ 528 totalExercise: $92.58From: 2023-01-25Exp: 2032-01-25→ Common Stock (1,582 underlying)
- 1,035
Employee Stock Option (right to buy)
[F3]Exercise: $95.25From: 2019-01-23Exp: 2028-01-23→ Common Stock (1,035 underlying) - 1,525
Employee Stock Option (right to buy)
[F3]Exercise: $71.16From: 2024-01-24Exp: 2033-01-24→ Common Stock (1,525 underlying) - 2,753
Employee Stock Option (right to buy)
[F3]Exercise: $53.96From: 2025-01-23Exp: 2034-01-23→ Common Stock (2,753 underlying)
Footnotes (3)
- [F1]Includes shares acquired through employee stock plans, shares purchased with reinvested dividends and restricted stock units as of January 22, 2026.
- [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.