Comerica (CMA) Sr EVP Sefzik exercises options, withholds 8,291 shares for taxes

Rhea-AI Filing Summary

Comerica Inc. senior executive Peter L. Sefzik, Sr EVP & Chief Banking Officer, reported several employee stock option exercises and related share withholdings in Comerica common stock. On January 9, 2026, he exercised multiple employee stock option grants into common shares at exercise prices ranging from $53.96 to $71.16 per share. To cover the option exercise cost and tax withholding obligations, 8,291 common shares were withheld at a price of $91.51 per share, as noted in the footnotes. Following these transactions, he directly owned 47,420 shares of Comerica common stock, which includes shares acquired through employee stock plans, dividend reinvestment, and restricted stock units as of January 9, 2026.

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^*

Sefzik Peter L

(Last) (First) (Middle)

1717 MAIN STREET

MC 6507

(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 Banking Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/09/2026

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	01/09/2026		M		2,320	A	$63.15	47,263(1)	D
Common Stock	01/09/2026		M		3,544	A	$60.12	50,807(1)	D
Common Stock	01/09/2026		M		2,927	A	$71.16	53,734(1)	D
Common Stock	01/09/2026		M		1,977	A	$53.96	55,711(1)	D
Common Stock	01/09/2026		F		8,291(2)	D	$91.51	47,420(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)	$63.15	01/09/2026		M			2,320	01/28/2021(3)	01/28/2030	Common Stock	2,320	$0	0	D
Employee Stock Option (right to buy)	$60.12	01/09/2026		M			3,544	01/26/2022(3)	01/26/2031	Common Stock	3,544	$0	0	D
Employee Stock Option (right to buy)	$71.16	01/09/2026		M			2,927	01/24/2024(3)	01/24/2033	Common Stock	2,927	$0	2,928	D
Employee Stock Option (right to buy)	$53.96	01/09/2026		M			1,977	01/23/2024(3)	01/25/2034	Common Stock	1,977	$0	5,933	D
Employee Stock Option (right to buy)	$95.25							01/23/2019(3)	01/23/2028	Common Stock	1,340		1,340	D
Employee Stock Option (right to buy)	$80.17							01/22/2020(3)	01/22/2029	Common Stock	2,575		2,575	D
Employee Stock Option (right to buy)	$92.58							01/25/2023(3)	01/25/2032	Common Stock	4,420		4,420	D

Explanation of Responses:

1. Includes shares acquired through employee stock plans, shares purchased with reinvested dividends and restricted stock units as of January 9, 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 Peter L. Sefzik through Power of Attorney	01/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What insider activity did Comerica (CMA) report for Peter L. Sefzik on January 9, 2026?

On January 9, 2026, Comerica Sr EVP & Chief Banking Officer Peter L. Sefzik exercised multiple employee stock options into common stock and had shares withheld to cover the option exercise cost and tax obligations.

How many Comerica (CMA) shares did Peter L. Sefzik own after the reported Form 4 transactions?

After the reported transactions, Peter L. Sefzik directly owned 47,420 shares of Comerica common stock as of January 9, 2026.

What prices were involved in Peter L. Sefzik’s Comerica stock option exercises?

The employee stock options exercised on January 9, 2026 had exercise prices of $53.96, $60.12, $63.15, and $71.16 per share for Comerica common stock.

How many Comerica shares were withheld for taxes and exercise costs in this Form 4?

The filing states that 8,291 Comerica common shares were withheld at a price of $91.51 per share to pay the option exercise price and satisfy tax withholding obligations.

What is Peter L. Sefzik’s role at Comerica Inc. (CMA)?

According to the filing, Peter L. Sefzik is an officer of Comerica Inc., serving as Sr EVP & Chief Banking Officer.

Do Peter L. Sefzik’s reported Comerica holdings include shares from employee plans and restricted stock units?

Yes. A footnote explains that his reported ownership figure includes shares acquired through employee stock plans, shares purchased with reinvested dividends, and restricted stock units as of January 9, 2026.

What type of securities did Peter L. Sefzik hold as derivatives related to Comerica (CMA)?

The Form 4 shows several Employee Stock Options on Comerica common stock, with various grant and expiration dates and different exercise prices.