Form 4: Comerica Executive Exercises Stock Options
Insider Transaction Report
Comerica's Sr EVP & Chief Credit Officer, Melinda A. Chausse, exercised stock options and adjusted her common stock holdings on January 22, 2026.
Summary
- Melinda A. Chausse, Sr EVP & Chief Credit Officer of Comerica Inc. (CMA), engaged in transactions involving the company's common stock on January 22, 2026.
- Chausse exercised options to acquire 1,365 shares of common stock at an exercise price of $80.17 per share.
- Additionally, she exercised options to acquire 1,582 shares of common stock at an exercise price of $92.58 per share.
- A total of 2,757 shares were disposed of at $94.97 per share, reflecting shares withheld for payment of the exercise price and to satisfy tax withholding obligations.
- Following these reported transactions, Chausse's direct beneficial ownership of Comerica Inc. common stock stands at 64,793 shares.
- The filing also details remaining employee stock options with various exercise prices, vesting schedules, and expiration dates, including options with exercise prices ranging from $53.96 to $95.25.
Sentiment
Score: 5
Explanation: This Form 4 is a routine disclosure of an executive's stock option exercises and related share dispositions for tax purposes, which is a standard part of executive compensation. It does not inherently convey positive or negative sentiment about the company's performance or outlook.
Positives
- The executive continues to hold a substantial number of common shares (64,793 shares) following the transactions, aligning her interests with shareholders.
- The exercise of stock options demonstrates the executive's participation in the company's equity compensation program.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: Provides transparency into executive equity holdings and compensation activities, which can inform their assessment of management alignment.
- Employees: Demonstrates the exercise of employee stock options as part of compensation, reflecting the realization of value from long-term incentives.
Next Steps
- Remaining employee stock options will continue to vest in four equal annual installments from their respective grant dates.
Key Dates
| Date | Description |
|---|---|
| 01/23/2019 | Grant date for employee stock options with an exercise price of $95.25, vesting began. |
| 01/22/2020 | Grant date for employee stock options with an exercise price of $80.17, vesting began. |
| 01/25/2023 | Grant date for employee stock options with an exercise price of $92.58, vesting began. |
| 01/24/2024 | Grant date for employee stock options with an exercise price of $71.16, vesting began. |
| 01/23/2025 | Grant date for employee stock options with an exercise price of $53.96, vesting began. |
| 01/22/2026 | Transaction date for stock option exercises and share disposition. |
| 01/23/2026 | Signature date of the reporting person for the Form 4 filing. |
| 01/23/2028 | Expiration date for employee stock options with an exercise price of $95.25. |
| 01/22/2029 | Expiration date for employee stock options with an exercise price of $80.17. |
| 01/25/2032 | Expiration date for employee stock options with an exercise price of $92.58. |
| 01/24/2033 | Expiration date for employee stock options with an exercise price of $71.16. |
| 01/23/2034 | Expiration date for employee stock options with an exercise price of $53.96. |
Recommendation
holdThis Form 4 details routine executive stock option exercises and related share dispositions for tax purposes. Such transactions are standard compensation events and do not typically provide sufficient fundamental information to warrant a change in investment recommendation. Investors should consider broader financial performance, market conditions, and company strategy for investment decisions.
Keywords
Comerica Inc, CMA, SEC Form 4, Insider Transaction, Stock Options, Executive Compensation, Melinda A. Chausse, Chief Credit Officer
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