Form 4: Comerica COO Sells Shares for Tax Withholding
Insider Transaction Report
Comerica's SEVP & COO, Megan D. Crespi, reported the disposition of 1,712 shares of common stock for tax withholding purposes at a price of $87.95 per share.
Summary
- Megan D. Crespi, SEVP & COO of Comerica Inc. (CMA), reported a transaction on December 29, 2025.
- 1,712 shares of Comerica Common Stock were disposed of in a transaction coded 'F', indicating a payment of tax liability by delivering or withholding securities.
- The disposition was specifically for tax withholding on shares payable upon the vesting of Restricted Stock Units.
- The price per share for the disposition was $87.95.
- Following this transaction, Megan D. Crespi beneficially owns 44,923 shares of Comerica Common Stock directly.
- The total beneficial ownership of 44,923 shares includes shares acquired through employee stock plans, shares purchased with reinvested dividends, and restricted stock units as of December 29, 2025.
Sentiment
Score: 5
Explanation: Neutral. This is a routine, non-discretionary transaction for tax purposes related to executive compensation, not indicative of positive or negative sentiment towards the company's prospects or a change in its operational performance.
Positives
- The reporting person retains a substantial beneficial ownership of 44,923 shares, indicating continued alignment with shareholder interests.
Negatives
- A disposition of 1,712 shares, even for tax purposes, reduces the executive's direct holdings.
Future Outlook
No specific future outlook or guidance is provided in this insider transaction report.
Industry Context
This filing is a routine insider transaction report and does not provide broader industry context or trends. It reflects an individual executive's compensation-related stock activity within the financial services sector.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Delegation of Authority | Megan D. Crespi granted Power of Attorney to Von E. Hays, Nicole V. Gersch, Steven Franklin, and Nina K. Ramachandran to execute and file Forms 3, 4, 5, and 144 on her behalf. | 2025-07-29 | This delegation streamlines compliance with Section 16(a) of the Securities Exchange Act of 1934 and Rule 144 under the Securities Act for the reporting person, ensuring timely and accurate filings. |
Stakeholder Impact
- Shareholders: Minimal direct impact. The transaction is a routine, non-discretionary disposition for tax purposes, not a discretionary sale indicating a change in executive confidence. The executive retains a significant beneficial ownership, maintaining alignment with shareholder interests.
Key Dates
| Date | Description |
|---|---|
| 2025-07-29 | Date the Power of Attorney was executed by Megan D. Crespi, authorizing individuals to file SEC forms on her behalf. |
| 2025-12-29 | Date of the earliest transaction, involving the disposition of shares for tax withholding. |
| 2025-12-29 | Date as of which the reported beneficial ownership includes shares from employee stock plans, reinvested dividends, and restricted stock units. |
| 2025-12-30 | Date the Form 4 was signed by Steven Franklin, on behalf of Megan D. Crespi, through Power of Attorney. |
Recommendation
holdThe filing details a routine, non-discretionary disposition of shares for tax withholding purposes by a Comerica executive. This type of transaction is common for executives receiving equity compensation and does not typically signal a change in the company's fundamentals or the executive's confidence. Therefore, it does not warrant a change in investment recommendation based solely on this filing.
Keywords
Comerica, CMA, Form 4, insider transaction, executive compensation, stock disposition, tax withholding, Megan D. Crespi
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