Comerica (CMA) EVP converts shares and options in Fifth Third merger
Rhea-AI Filing Summary
Comerica Inc. Executive Vice President Allysun C. Fleming reported the conversion of her equity holdings in connection with Comerica’s merger with Fifth Third Bancorp. On February 1, 2026, her 19,565 shares of Comerica common stock were disposed of as each Comerica share was converted into 1.8663 shares of Fifth Third common stock at the merger’s effective time.
In addition, Fleming’s employee stock options for 549 and 1,343 shares of Comerica common stock were similarly disposed of at a reported price of $0 and converted into corresponding options on Fifth Third common stock under the merger agreement. Following these transactions, she no longer beneficially owns any Comerica common shares. The last Nasdaq closing price for Fifth Third common stock before the effective time was $50.22 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Employee Stock Option (right to buy) | 549 | $0.00 | -- |
| Disposition | Employee Stock Option (right to buy) | 1,343 | $0.00 | -- |
| Disposition | Common Stock | 19,565 | $0.00 | -- |
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).