Mitchell Bruce 4
Research Summary
AI-generated summary
Comerica (CMA) EVP Mitchell Bruce Receives Award of 12,600 Shares
What Happened
- Mitchell Bruce, Executive Vice President of Comerica Inc. (CMA), was reported as receiving three awards on January 27, 2026 totaling 12,600 shares: 4,215; 3,580; and 4,805 shares. Each grant is reported at $0.00 (award/grant), so no cash purchase was recorded. These awards are reported as restricted stock units / performance restricted stock units (SELTPP Units) and long-term incentive plan RSUs.
Key Details
- Transaction date: 2026-01-27; Form 4 filed: 2026-01-29 (timely filing).
- Aggregate shares awarded: 12,600 (4,215 + 3,580 + 4,805); price per share reported $0.00 (award).
- Transaction code: A = Award/Grant.
- Shares owned after the transaction: not specified in the provided summary; filing notes holdings include shares from employee plans, dividend reinvestment and RSUs as of Jan 27, 2026 (see footnote F2).
- Footnotes of note:
- F1: 4,215 shares = SELTPP Units granted Jan 23, 2024; performance results were certified in connection with the issuer’s previously disclosed proposed merger with Fifth Third.
- F3: 3,580 shares = SELTPP Units granted Jan 28, 2025; performance results were certified in connection with the same proposed merger.
- F4: 4,805 shares = restricted stock units awarded under the issuer’s Long-Term Incentive Plan.
- F2: filing aggregates holdings from employee stock plans, reinvested dividends and RSUs as of Jan 27, 2026.
Context
- These entries are awards (compensation-related grants), not market purchases or sales—so they reflect compensation/vesting events rather than an insider buying or selling stock. The SELTPP units noted were certified following performance determinations tied to a previously disclosed proposed merger with Fifth Third. Awards reported at $0.00 are typical for RSU/performance-unit settlements and do not imply a cash outlay by the insider.