Comerica director reports merger-related share disposal
Comerica Inc. director Derek J. Kerr reported the disposal of 7,275 shares of Comerica common stock at $0.00 per share in connection with the company’s merger with Fifth Third Bancorp.
Rhea-AI Filing Summary
Comerica Inc. director Derek J. Kerr reported the disposal of 7,275 shares of Comerica common stock at $0.00 per share in connection with the company’s merger with Fifth Third Bancorp. Each Comerica share was converted into 1.8663 shares of Fifth Third common stock at the merger’s effective time.
All of Kerr’s Comerica equity awards were converted into equivalent Fifth Third equity awards or Fifth Third common stock under the merger agreement. Following these transactions, Kerr no longer beneficially owns any shares of Comerica common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 7,275 | $0.00 | $0.00 |
Footnotes (3)
- 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.
- 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.
FAQ
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What did Comerica Inc. (CMA) director Derek J. Kerr report on this Form 4?
What happened to Derek J. Kerr’s Comerica (CMA) equity awards in the merger?
What merger event involving Comerica Inc. (CMA) is referenced in this Form 4?
What price reference for Fifth Third stock is included in the Comerica (CMA) Form 4?
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