Comerica EVP reports share conversion in merger
Comerica Sr EVP & Chief Credit Officer Melinda A. Chausse reported the disposition of her Comerica common stock and stock options on February 1, 2026.
Rhea-AI Filing Summary
Comerica Sr EVP & Chief Credit Officer Melinda A. Chausse reported the disposition of her Comerica common stock and stock options on February 1, 2026. The changes occurred when Comerica completed its previously announced merger with Fifth Third Bancorp at 12:01 a.m. ET.
Each share of Comerica common stock with $5.00 par value was converted into 1.8663 shares of Fifth Third common stock. Her 86,023 directly held Comerica common shares and several employee stock options were all treated as dispositions in connection with this merger.
All equity awards and options were converted into equivalent Fifth Third equity awards or Fifth Third common stock under the merger agreement, and she no longer beneficially owns any Comerica common shares. The closing price of Fifth Third common stock on the last trading day before the effective time was $50.22 per share.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Employee Stock Option (right to buy) | 1,035 | $0.00 | $0.00 |
| Disposition | Employee Stock Option (right to buy) | 528 | $0.00 | $0.00 |
| Disposition | Employee Stock Option (right to buy) | 1,525 | $0.00 | $0.00 |
| Disposition | Employee Stock Option (right to buy) | 2,753 | $0.00 | $0.00 |
| Disposition | Common Stock | 86,023 | $0.00 | $0.00 |
Footnotes (4)
- F1. 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.
- F2. 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").
- F3. As a result of the merger, the reporting person no longer beneficially owns, directly or indirectly, any shares of the issuer's common stock.
- F4. 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).
FAQ
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What did Comerica (CMA) executive Melinda A. Chausse report in this Form 4?
What happened to Melinda Chausse’s Comerica (CMA) stock options?
Does Melinda Chausse still own any Comerica (CMA) common stock after the merger?
What price reference for Fifth Third stock is included in this Comerica (CMA) Form 4?
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