Why is the transaction price per share shown as $0.00 in the Form 4 tables?

The Form 4 lists a $0.00 transaction price because the dispositions were not open-market sales for cash. Instead, Comerica shares and options were exchanged for Fifth Third stock and options under the merger agreement, a non-cash conversion treated as dispositions for reporting purposes.

Comerica (NYSE: CMA) EVP exits CMA stock as Fifth Third merger closes

Q: How many Comerica (CMA) common shares did Mauricio Ortiz dispose of?

The Form 4 shows Mauricio Ortiz disposed of 26,320 shares of Comerica common stock. These were converted into shares of Fifth Third common stock at the merger’s effective time, rather than sold for cash, reflecting the share-exchange terms of the Comerica–Fifth Third merger agreement.

Q: What were the Comerica–Fifth Third share exchange terms affecting this Form 4?

At the effective time of the merger, each share of Comerica common stock with $5.00 par value was converted into 1.8663 shares of Fifth Third common stock. Fifth Third’s stock closed at $50.22 per share on the last trading day before this effective time.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Comerica Inc. executive Mauricio A. Ortiz, EVP & Chief Accounting Officer, reported the disposition of his Comerica holdings on February 1, 2026 in connection with Comerica’s merger with Fifth Third Bancorp. Each share of Comerica common stock was converted into 1.8663 shares of Fifth Third common stock at the merger’s effective time.

Ortiz’s Form 4 shows 26,320 shares of Comerica common stock disposed of and his beneficial ownership in Comerica reduced to zero. In addition, employee stock options covering 960, 325, 815 and 1,568 shares of Comerica common stock were converted into corresponding Fifth Third stock options under the merger agreement. The closing price of Fifth Third common stock on the last trading day before the effective time was $50.22 per share.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider Ortiz Mauricio A

Role EVP & Chief Accounting Officer

Type	Security	Shares	Price	Value
Disposition	Employee Stock Option (right to buy)	960	$0.00	--
Disposition	Employee Stock Option (right to buy)	325	$0.00	--
Disposition	Employee Stock Option (right to buy)	815	$0.00	--
Disposition	Employee Stock Option (right to buy)	1,568	$0.00	--
Disposition	Common Stock	26,320	$0.00	--

Holdings After Transaction: Employee Stock Option (right to buy) — 0 shares (Direct); Common Stock — 0 shares (Direct)

Footnotes (1)

As previously disclosed in a Current Report on Form 8-K filed with the SEC on February 2, 2026, at 12:01 a.m. ET on February 1, 2026 (the "Effective Time"), the issuer completed its previously announced merger with Fifth Third Bancorp ("Fifth Third"), and each share of the issuer's common stock, $5.00 par value per share, was converted into 1.8663 shares of Fifth Third common stock, no par value ("Fifth Third Common Stock"). All transactions reflected herein are dispositions in connection with the merger. The closing price of Fifth Third Common Stock on the Nasdaq Stock Market LLC on the last trading day prior to the Effective Time was $50.22 per share. At the Effective Time, all equity awards held by the reporting person were converted to (i) an equivalent Fifth Third equity award or (ii) Fifth Third Common Stock, in accordance with the terms set forth in the merger agreement, which was previously filed as Exhibit 2.1 to the Current Report on Form 8-K filed with the SEC on October 9, 2025 (the "Merger Agreement"). As a result of the merger, the reporting person no longer beneficially owns, directly or indirectly, any shares of the issuer's common stock. At the Effective Time, each outstanding and unexercised stock option converted into a corresponding option with respect to Fifth Third Common Stock in accordance with the terms set forth in the Merger Agreement. All transactions are exempt from Section 16(b) pursuant to Rule 16b-3(e).

Form 4 Insider Transactions: What Each Field Means →

02/03/2026 - 04:33 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Ortiz Mauricio A

(Last)

(First)

(Middle)

1717 MAIN STREET MC 6506

(Street)

DALLAS

75201

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
COMERICA INC [ CMA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP & Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/01/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/01/2026		D⁽¹⁾⁽²⁾		26,320	D	$0⁽¹⁾⁽²⁾	0⁽³⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (right to buy)	⁽⁴⁾	02/01/2026		D⁽⁴⁾			960	⁽⁴⁾	⁽⁴⁾	Common Stock⁽⁴⁾	960	$0	0	D
Employee Stock Option (right to buy)	⁽⁴⁾	02/01/2026		D⁽⁴⁾			325	⁽⁴⁾	⁽⁴⁾	Common Stock⁽⁴⁾	325	$0	0	D
Employee Stock Option (right to buy)	⁽⁴⁾	02/01/2026		D⁽⁴⁾			815	⁽⁴⁾	⁽⁴⁾	Common Stock⁽⁴⁾	815	$0	0	D
Employee Stock Option (right to buy)	⁽⁴⁾	02/01/2026		D⁽⁴⁾			1,568	⁽⁴⁾	⁽⁴⁾	Common Stock⁽⁴⁾	1,568	$0	0	D

Explanation of Responses:

1. As previously disclosed in a Current Report on Form 8-K filed with the SEC on February 2, 2026, at 12:01 a.m. ET on February 1, 2026 (the "Effective Time"), the issuer completed its previously announced merger with Fifth Third Bancorp ("Fifth Third"), and each share of the issuer's common stock, $5.00 par value per share, was converted into 1.8663 shares of Fifth Third common stock, no par value ("Fifth Third Common Stock"). All transactions reflected herein are dispositions in connection with the merger. The closing price of Fifth Third Common Stock on the Nasdaq Stock Market LLC on the last trading day prior to the Effective Time was $50.22 per share.

2. At the Effective Time, all equity awards held by the reporting person were converted to (i) an equivalent Fifth Third equity award or (ii) Fifth Third Common Stock, in accordance with the terms set forth in the merger agreement, which was previously filed as Exhibit 2.1 to the Current Report on Form 8-K filed with the SEC on October 9, 2025 (the "Merger Agreement").

3. As a result of the merger, the reporting person no longer beneficially owns, directly or indirectly, any shares of the issuer's common stock.

4. At the Effective Time, each outstanding and unexercised stock option converted into a corresponding option with respect to Fifth Third Common Stock in accordance with the terms set forth in the Merger Agreement. All transactions are exempt from Section 16(b) pursuant to Rule 16b-3(e).

Remarks:

	/s/ Steven Franklin, on behalf of Mauricio A. Ortiz through Power of Attorney	02/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What did Comerica (CMA) EVP Mauricio Ortiz report in this Form 4?

Mauricio Ortiz reported that all his Comerica common stock and employee stock options were disposed of on February 1, 2026. The changes occurred automatically as part of Comerica’s completed merger with Fifth Third Bancorp, which converted his Comerica equity into Fifth Third equity instruments.

How many Comerica (CMA) common shares did Mauricio Ortiz dispose of?

The Form 4 shows Mauricio Ortiz disposed of 26,320 shares of Comerica common stock. These were converted into shares of Fifth Third common stock at the merger’s effective time, rather than sold for cash, reflecting the share-exchange terms of the Comerica–Fifth Third merger agreement.

What happened to Mauricio Ortiz’s Comerica employee stock options in the merger?

Outstanding Comerica employee stock options held by Mauricio Ortiz, covering 960, 325, 815 and 1,568 shares, were converted into corresponding options on Fifth Third common stock. This followed the merger agreement terms, ensuring his equity awards continued in the new combined company after Comerica’s acquisition.

Does Mauricio Ortiz still beneficially own Comerica (CMA) common stock after the merger?

No. The filing states that, as a result of the merger with Fifth Third Bancorp, Mauricio Ortiz no longer beneficially owns any shares of Comerica common stock. His prior Comerica equity interests were fully converted into Fifth Third common stock or equivalent Fifth Third equity awards.