Bridges Wendy 4

What Happened
Wendy Bridges, Executive Vice President of Comerica Inc., reported dispositions of Comerica common stock on Feb 1, 2026 in connection with Comerica’s merger into Fifth Third Bancorp. The Form 4 lists a primary disposition of 35,999 shares and additional derivative-related dispositions of 825, 1,185, 1,195, 758 and 1,313 shares — totaling 41,275 Comerica shares. The report shows $0 per-share because the shares were converted as part of the merger (not sold on the open market). Using the merger conversion ratio (1.8663 Fifth Third shares per Comerica share) and Fifth Third’s last pre-merger close of $50.22, the implied value is about $93.73 per Comerica share, or roughly $3.9 million in aggregate.

Key Details

• Transaction date: February 1, 2026 (Effective Time of the merger).
• Report filed with SEC: February 3, 2026; no late filing indicated on the face of this report.
• Reported price: $0.00 per share (dispositions were merger conversions, not cash sales).
• Shares disposed: 41,275 total (35,999 + 5,276 in derivative-related items).
• Shares owned after transaction: 0 Comerica shares (reporting person no longer beneficially owns Comerica common stock).
• Footnotes: F1–F4 explain the merger conversion (each Comerica share → 1.8663 Fifth Third shares; equity awards and options converted into Fifth Third equivalents). Transactions are reported as dispositions in connection with the merger and are exempt from Section 16(b) under Rule 16b‑3(e).

Context
These entries reflect automatic conversion/disposition tied to the merger—Comerica equity and unexercised options were converted into Fifth Third stock or equivalent awards per the merger agreement. This is not an open‑market sale by the insider and therefore should not be read the same way as a voluntary sell order. For retail investors, such merger-related dispositions are routine administrative outcomes of the deal rather than a direct signal of insider sentiment.