Bridges Wendy 4

What Happened

• Wendy Bridges, Executive Vice President of Comerica Inc. (CMA), was granted a total of 9,600 shares through awards on January 27, 2026. The awards are reported as acquisitions at $0.00 per share (aggregate cash value reported $0 on the Form 4), consisting of three separate grants: 2,870; 2,875; and 3,855 shares. These transactions are reported as awards/grants (transaction code A), not open-market purchases or sales.

Key Details

• Transaction date: January 27, 2026; Form 4 filed January 29, 2026 (appears to be filed within the normal 2‑day window).
• Grants: 2,870; 2,875; and 3,855 shares (total 9,600 shares), acquisition price $0.00 per share (award).
• Shares owned after the transactions: not specified in the provided filing summary; footnote F2 describes components of holdings as of Jan 27, 2026 (employee stock plans, reinvested dividends, RSUs, deferred comp).
• Relevant footnotes:
  • F1: Performance restricted stock units (“SELTPP Units”) originally granted Jan 23, 2024; committee certified performance in connection with the previously disclosed proposed merger with Fifth Third.
  • F3: SELTPP Units granted Jan 28, 2025; committee certified performance in connection with the proposed merger.
  • F4: Restricted stock units awarded under the issuer’s Long‑Term Incentive Plan (LTIP).
  • F2: Explains which types of holdings are included in the reporter’s total holdings (employee plans, reinvested dividends, RSUs, deferred comp).
• No indication in this filing of a 10b5-1 plan, tax withholding sale, or immediate sale of awarded shares.

Context

• These transactions are awards/vestings rather than purchases or sales. Awards at $0 reported on Form 4 reflect company compensation grants (no cash outlay by the insider at grant).
• Performance units noted in footnotes were certified by the board/committee due to previously disclosed merger-related results; such certifications trigger conversion/vesting according to plan terms.
• Awards are routine elements of executive compensation and do not by themselves indicate a buy or sell signal.