Comerica (CMA) EVP Weber’s shares and options convert in Fifth Third merger
Rhea-AI Filing Summary
Comerica Inc. Executive Vice President James Harry Weber reported the automatic disposition of his Comerica common stock and stock options in connection with the company’s completed merger with Fifth Third Bancorp. On February 1, 2026, 31,203 shares of Comerica common stock were disposed of at a reported price of $0 as they were converted into Fifth Third common stock under the merger terms.
On the same date, four employee stock option grants covering 995, 1,480, 940, and 1,632 shares of Comerica common stock were also disposed of at a reported price of $0, each converting into corresponding Fifth Third stock options pursuant to the merger agreement. Each Comerica share was converted into 1.8663 shares of Fifth Third common stock, and the Fifth Third stock closed at $50.22 per share on the last trading day before the effective time. As a result of the merger, Weber no longer beneficially owns any Comerica common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Employee Stock Option (right to buy) | 995 | $0.00 | -- |
| Disposition | Employee Stock Option (right to buy) | 1,480 | $0.00 | -- |
| Disposition | Employee Stock Option (right to buy) | 940 | $0.00 | -- |
| Disposition | Employee Stock Option (right to buy) | 1,632 | $0.00 | -- |
| Disposition | Common Stock | 31,203 | $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).
