Sefzik Peter L 4

What Happened

• Peter L. Sefzik, Senior Executive Vice President & Chief Banking Officer of Comerica Inc. (CMA), was granted a total of 47,565 shares via awards on January 27, 2026. The awards are reported as acquisitions at $0.00 per share (total reported cash value $0) — these are compensation grants, not open-market purchases or sales.

Key Details

• Transaction dates and amounts: 15,565 shares (A), 15,110 shares (A), and 16,890 shares (A) — all dated 2026-01-27; each reported at $0.00 per share.
• Transaction code: A = Award/Grant (not a purchase or sale).
• Shares owned after transaction: Not specified in the provided filing.
• Notable footnotes:
  • Some awards are SELTPP (performance restricted stock) Units from prior grants (Jan 23, 2024 and Jan 28, 2025) and were certified by the issuer’s Governance, Compensation and Nominating Committee in connection with the previously disclosed proposed merger with Fifth Third (footnotes F1 and F3).
  • Footnote F4 denotes restricted stock units under the issuer’s Long-Term Incentive Plan.
  • Footnote F2 indicates the reported ownership/amounts may include shares acquired through employee plans, dividend reinvestment and existing restricted stock units as of Jan 27, 2026.
• Timeliness: Filing dated Jan 29, 2026 for transactions on Jan 27, 2026 — appears timely under standard Form 4 reporting rules.

Context

• These awards are compensation-related (performance and restricted stock units) and typically reflect long-term incentive vesting or certification events — they are not the same signal as an insider buying stock on the open market.
• The SELTPP Units were certified in connection with a previously disclosed proposed merger with Fifth Third, which appears to have triggered or confirmed performance outcomes that led to these awards.