Form 4: Comerica EVP Sells Shares for Tax Withholding
Insider Transaction Report
Comerica Executive Vice President Michael T. Ritchie disposed of 472 shares of common stock for tax withholding purposes.
Summary
- Michael T. Ritchie, Executive Vice President of Comerica Inc. (CMA), reported a transaction involving the company's common stock.
- On December 29, 2025, Ritchie disposed of 472 shares of Comerica Common Stock.
- The disposition was for tax withholding purposes related to the vesting of Restricted Stock Units.
- The shares were disposed of at a price of $87.95 per share.
- Following this transaction, Ritchie beneficially owns 37,384 shares of Comerica Common Stock.
- The reported beneficial ownership includes shares acquired through employee stock plans, reinvested dividends, restricted stock units, and stock units held in a deferred compensation plan as of December 29, 2025.
- The filing was signed by Steven Franklin on behalf of Michael T. Ritchie, acting under a Power of Attorney dated August 4, 2025.
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction for tax withholding purposes, which is a neutral event and does not indicate positive or negative sentiment regarding the company's performance or outlook.
Future Outlook
No specific forward-looking statements or guidance are provided beyond the details of the reported transaction.
Industry Context
This is a routine insider transaction for tax purposes, common for executives receiving equity compensation. It does not inherently reflect broader industry trends or competitive positioning.
Comparison to Industry Standards
- The disposition of shares for tax withholding upon the vesting of restricted stock units is a standard practice for executive compensation across various industries, including financial services.
- This type of transaction is a common mechanism for executives to cover tax liabilities arising from equity awards, aligning with typical compensation structures seen at peer financial institutions.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Delegation of Authority | Michael T. Ritchie granted a Power of Attorney to specific individuals (Von E. Hays, Nicole V. Gersch, Steven Franklin, Nina K. Ramachandran) to execute and file Forms 3, 4, 5, and 144 on his behalf. | 08/04/2025 | This streamlines the process for executive compliance with SEC reporting requirements for beneficial ownership and securities transactions, ensuring timely and accurate filings. |
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a routine tax-related transaction and not a discretionary sale indicating a change in management's view of the company.
- Employees: No direct impact beyond the reporting executive.
Key Dates
| Date | Description |
|---|---|
| 08/04/2025 | Effective date of the Power of Attorney granted by Michael T. Ritchie. |
| 12/29/2025 | Date of the reported transaction where shares were disposed of for tax withholding. |
| 12/30/2025 | Date the Statement of Changes in Beneficial Ownership (Form 4) was signed and filed. |
Keywords
Comerica, CMA, Insider Transaction, Executive Stock Sale, Tax Withholding, Restricted Stock Units, Beneficial Ownership
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