Comerica EVP exits CMA stake in Fifth Third merger
Comerica EVP Wendy Bridges reported merger-related changes to her holdings following Comerica’s combination with Fifth Third Bancorp.
Rhea-AI Filing Summary
Comerica EVP Wendy Bridges reported merger-related changes to her holdings following Comerica’s combination with Fifth Third Bancorp. On February 1, 2026, her 35,999 shares of Comerica common stock were disposed of in the merger, with each share converted into 1.8663 shares of Fifth Third common stock.
On the same date, multiple employee stock options covering 825, 1,185, 1,195, 758, and 1,313 shares of Comerica common stock were also disposed of and converted into corresponding Fifth Third options under the merger agreement. After these transactions, she no longer beneficially owns any Comerica common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Disposition: 41,275 shares
Disposition
6 txns
Insider
Bridges Wendy
Role
EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Employee Stock Option (right to buy) | 825 | $0.00 | $0.00 |
| Disposition | Employee Stock Option (right to buy) | 1,185 | $0.00 | $0.00 |
| Disposition | Employee Stock Option (right to buy) | 1,195 | $0.00 | $0.00 |
| Disposition | Employee Stock Option (right to buy) | 758 | $0.00 | $0.00 |
| Disposition | Employee Stock Option (right to buy) | 1,313 | $0.00 | $0.00 |
| Disposition | Common Stock | 35,999 | $0.00 | $0.00 |
Holdings After Transaction:
Employee Stock Option (right to buy) — 0 contracts (Direct);
Common Stock — 0 shares (Direct)
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 (the "Merger Agreement").
- 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 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).
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Comerica (CMA) report for EVP Wendy Bridges?
Comerica reported that EVP Wendy Bridges disposed of 35,999 shares of Comerica common stock on February 1, 2026. The disposition occurred entirely in connection with Comerica’s completed merger with Fifth Third Bancorp, not through an open market sale.
What happened to Wendy Bridges’ Comerica stock options in the merger?
At the effective time, all outstanding Comerica stock options held by Wendy Bridges were converted into corresponding options on Fifth Third common stock. Reported option grants covering 825, 1,185, 1,195, 758, and 1,313 shares were all treated this way under the merger agreement.
Does Wendy Bridges still own Comerica (CMA) stock after the merger?
According to the filing, Wendy Bridges no longer beneficially owns any shares of Comerica common stock after the merger. All her Comerica shares and stock options were converted into Fifth Third common stock or Fifth Third equity awards at the merger’s effective time.
Was the Comerica EVP’s Form 4 transaction a market sale?
No. The Form 4 explains that all reported dispositions were made in connection with the merger between Comerica and Fifth Third. Her common shares and options were converted based on the merger terms, rather than sold directly on the open market.
Were the Comerica insider’s option transactions subject to Section 16(b)?
The filing states that all option-related transactions are exempt from Section 16(b) under Rule 16b-3(e). Each outstanding and unexercised Comerica stock option became a corresponding option for Fifth Third common stock, consistent with the merger agreement’s terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
