Comerica (NYSE: CMA) credit chief exercises options, nets 64,793 shares

Rhea-AI Filing Summary

Comerica Inc. senior executive Melinda A. Chausse, Sr EVP & Chief Credit Officer, reported multiple stock option exercises and related share withholding on January 22, 2026.

She exercised employee stock options to acquire 1,365 shares of common stock at $80.17 per share and 1,582 shares at $92.58 per share. A total of 2,757 common shares was deducted in a transaction coded "F", which the filing explains represents shares withheld to cover the option exercise price and tax withholding obligations. After these transactions, she beneficially owned 64,793 shares of Comerica common stock directly, including shares from employee stock plans, dividend reinvestment, and restricted stock units as of January 22, 2026.

The filing also shows remaining employee stock options outstanding, including grants originally exercisable beginning on January 23, 2019, January 24, 2024, and January 23, 2025, with exercise prices ranging from $53.96 to $95.25 and expirations between 2028 and 2034.

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

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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^*

CHAUSSE MELINDA A.

(Last) (First) (Middle)

1717 MAIN STREET

(Street)

DALLAS TX 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)
	Sr EVP & Chief Credit Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/22/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/22/2026		M		1,365	A	$80.17	65,968(1)	D
Common Stock	01/22/2026		M		1,582	A	$92.58	67,550(1)	D
Common Stock	01/22/2026		F		2,757(2)	D	$94.97	64,793(1)	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (right to buy)	$80.17	01/22/2026		M			1,365	01/22/2020(3)	01/22/2029	Common Stock	1,365	$0	0	D
Employee Stock Option (right to buy)	$92.58	01/22/2026		M			1,582	01/25/2023(3)	01/25/2032	Common Stock	1,582	$0	528	D
Employee Stock Option (right to buy)	$95.25							01/23/2019(3)	01/23/2028	Common Stock	1,035		1,035	D
Employee Stock Option (right to buy)	$71.16							01/24/2024(3)	01/24/2033	Common Stock	1,525		1,525	D
Employee Stock Option (right to buy)	$53.96							01/23/2025(3)	01/23/2034	Common Stock	2,753		2,753	D

Explanation of Responses:

1. Includes shares acquired through employee stock plans, shares purchased with reinvested dividends and restricted stock units as of January 22, 2026.

2. Reflects aggregate shares withheld for payment of exercise price and to satisfy tax withholding obligations.

3. The options vest in four equal annual installments (based on the original grant amount) beginning on the date indicated in this column.

Remarks:

	/s/ Steven Franklin on behalf of Melinda A. Chausse through Power of Attorney	01/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Comerica (CMA) report for Melinda A. Chausse?

The report shows that Melinda A. Chausse, Sr EVP & Chief Credit Officer of Comerica Inc., exercised employee stock options for common shares on January 22, 2026 and had some of the resulting shares withheld to cover the option exercise price and tax obligations.

How many Comerica (CMA) shares did Melinda Chausse acquire through option exercises?

On January 22, 2026, she exercised options to acquire 1,365 shares of common stock at $80.17 per share and 1,582 shares at $92.58 per share, as reported in the Form 4.

Why were 2,757 Comerica (CMA) shares reported as disposed of in this Form 4?

The filing lists a transaction coded "F" for 2,757 common shares at $94.97 per share. A footnote explains this reflects the aggregate shares withheld to pay the option exercise price and satisfy tax withholding obligations, rather than an open-market sale.

How many Comerica (CMA) shares does Melinda Chausse own after the reported transactions?

After the January 22, 2026 transactions, she directly beneficially owned 64,793 shares of Comerica common stock. This amount includes shares from employee stock plans, dividend reinvestment, and restricted stock units as of that date.

What employee stock options remain outstanding for Melinda Chausse at Comerica (CMA)?

The Form 4 shows several employee stock options still outstanding, including grants originally exercisable beginning on January 23, 2019, January 24, 2024, and January 23, 2025, with exercise prices of $95.25, $71.16, and $53.96, and expirations between 2028 and 2034.

What is Melinda Chausse’s role at Comerica (CMA) mentioned in this insider filing?

In this Form 4, Melinda A. Chausse is identified as an officer of Comerica Inc., serving as Senior Executive Vice President & Chief Credit Officer, and is not listed as a director or 10% owner.