COMERICA INC·4

Feb 3, 4:45 PM ET

Humrichouse Ximena G 4

Research Summary

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Comerica (CMA) Director Ximena Humrichouse Disposes 48,566 Shares

What Happened
Ximena G. Humrichouse, a director of Comerica Inc. (CMA), reported a disposition of 48,566 Comerica common shares on February 1, 2026. The Form 4 lists the transaction price as $0 because the shares were disposed in connection with Comerica’s merger into Fifth Third Bancorp. Under the merger terms each Comerica share converted into 1.8663 shares of Fifth Third common stock, which equates to roughly 90,639 Fifth Third shares. Using Fifth Third’s last trading-day close of $50.22, that consideration is approximately $4.55 million (approximate value).

Key Details

  • Transaction date: 2026-02-01 (Effective Time of the merger).
  • Reported disposition: 48,566 Comerica shares; price reported = $0 (disposition in merger).
  • Conversion ratio: 1.8663 Fifth Third shares per Comerica share (per filing).
  • Approximate resulting Fifth Third shares: ~90,639; Fifth Third close used: $50.22 (last trading day prior to Effective Time).
  • Shares owned after transaction: reporting person no longer beneficially owns any Comerica common stock (per footnote).
  • Equity awards: existing Comerica equity awards were converted into Fifth Third equity awards or Fifth Third common stock (per footnote).
  • Filing/timeliness: Report covers period 2026-02-01 and was filed 2026-02-03; reported as transaction in connection with the merger, not an open-market sale by the director.

Context
This was not a voluntary open-market sale by the insider but a corporate-action disposition resulting from Comerica’s merger into Fifth Third (conversion of Comerica shares and awards into Fifth Third securities). The $0 per-share reporting is standard when shares are converted or exchanged in a merger; the approximate dollar figure above is an estimate based on the disclosed conversion ratio and Fifth Third’s closing price on the last trading day before the merger effective time.