Comerica director converts 67,416 shares in merger
Comerica Inc. director Robert S. Taubman reported the conversion of his entire Comerica stake as part of the company’s merger with Fifth Third Bancorp.
Rhea-AI Filing Summary
Comerica Inc. director Robert S. Taubman reported the conversion of his entire Comerica stake as part of the company’s merger with Fifth Third Bancorp. On February 1, 2026, each share of Comerica common stock was converted into 1.8663 shares of Fifth Third common stock.
Taubman disposed of 67,416 shares of Comerica common stock and 319 restricted stock units at an effective price of $0 per share because they were exchanged in the merger rather than sold for cash. Following these transactions, he no longer beneficially owns any Comerica common stock. The filing notes the Nasdaq closing price of Fifth Third common stock before the merger was $50.22 per share.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Units | 319 | $0.00 | $0.00 |
| Disposition | Common Stock | 67,416 | $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.
- 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 restricted stock unit converted into the right to receive a number of shares of Fifth Third Common Stock plus cash calculated 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 insider transaction did Robert S. Taubman report for Comerica (CMA)?
What happened to Robert Taubman’s Comerica (CMA) restricted stock units?
Does Robert S. Taubman still own any Comerica (CMA) stock after the merger?
What reference price is disclosed for Fifth Third stock in this Comerica (CMA) filing?
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