Form 4: Comerica Executive Curtis Farmer Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Curtis Farmer, Chairman, President, and CEO of Comerica, reports the acquisition and disposal of common stock related to performance restricted stock units.
Summary
- On February 26, 2024, Curtis Farmer, Chairman, President, and CEO of Comerica, reported changes in beneficial ownership of Comerica's common stock.
- Farmer acquired 55,950 shares of common stock related to the determination of the performance factor on an award of performance restricted stock units at a price of $0.
- He also disposed of 22,017 shares of common stock at a price of $48.97 per share to cover tax obligations.
- Following these transactions, Farmer directly owns 253,437 shares of Comerica common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, which is common in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in insider ownership.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | Date of stock acquisition and disposal |
| 02/28/2024 | Date of signature on the report |
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