Form 4: Comerica Executive Mauricio A. Ortiz Reports Stock Sale
SEC Form 4 Filing
Mauricio A. Ortiz, EVP & Chief Accounting Officer of Comerica INC /NEW/, reported the sale of 650 shares of common stock at a price of $61.79 on October 22, 2024.
Summary
- On October 24, 2024, Mauricio A. Ortiz, EVP & Chief Accounting Officer of Comerica INC /NEW/, filed a Form 4 with the SEC.
- The report details a transaction on October 22, 2024, where Ortiz sold 650 shares of Comerica's common stock at $61.79 per share.
- Following the transaction, Ortiz directly owns 11,339 shares of Comerica common stock.
- Ortiz also holds employee stock options for various amounts of common stock at different exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: This is a routine disclosure of a stock sale by an executive. It doesn't inherently indicate positive or negative sentiment, but rather provides information for investors to interpret.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Investors often monitor these filings to gauge executive sentiment and potential future stock performance.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, depending on their interpretation of the executive's actions.
- The transaction does not appear to directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 01/22/2020 | Options vest date. |
| 01/28/2021 | Options vest date. |
| 01/26/2022 | Options vest date. |
| 01/25/2023 | Options vest date. |
| 01/24/2024 | Options vest date. |
| 10/22/2024 | Date of stock sale transaction. |
| 10/24/2024 | Date of Form 4 filing. |
| 01/23/2025 | Options vest date. |
| 01/23/2028 | Options expiration date. |
| 01/22/2029 | Options expiration date. |
| 01/28/2030 | Options expiration date. |
| 01/26/2031 | Options expiration date. |
| 01/25/2032 | Options expiration date. |
| 01/24/2033 | Options expiration date. |
| 01/23/2034 | Options expiration date. |
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