Form 4: Comerica Executive Megan D. Burkhart Reports Gift of Shares and Stock Option Holdings
SEC Form 4 Filing
Megan D. Burkhart, a SEVP and Chief Admin Officer at Comerica, reported gifting 4,292 shares and detailed her holdings of various employee stock options.
Summary
- Megan D. Burkhart, a Senior Executive Vice President and Chief Administrative Officer at Comerica, filed a Form 4 disclosing a gift of 4,292 common stock shares.
- The shares were gifted to a fund that makes charitable contributions.
- Following the transaction, Ms. Burkhart directly owns 44,678 shares of Comerica common stock.
- This total includes shares acquired through employee stock plans, restricted stock units, and shares purchased with reinvested dividends as of November 20, 2024.
- The filing also details Ms. Burkhart's holdings of various employee stock options, which vest in four equal annual installments.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing, indicating no significant positive or negative sentiment. It reflects standard executive stock transactions.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies. It provides transparency into the executive's holdings and aligns with regulatory requirements.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
- The details of stock options and vesting schedules are typical for executive compensation packages in the financial services industry.
- The gifting of shares to a charitable fund is a common practice among executives.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects a change in ownership by an executive.
- The gifting of shares to a charitable fund may have a positive impact on the community.
Key Dates
| Date | Description |
|---|---|
| 01/23/2019 | Employee stock option grant date with an exercise price of $95.25, expiring 01/23/2028. |
| 01/22/2020 | Employee stock option grant date with an exercise price of $80.17, expiring 01/22/2029. |
| 01/28/2021 | Employee stock option grant date with an exercise price of $63.15, expiring 01/28/2030. |
| 01/26/2022 | Employee stock option grant date with an exercise price of $60.12, expiring 01/26/2031. |
| 01/25/2023 | Employee stock option grant date with an exercise price of $92.58, expiring 01/25/2032. |
| 01/24/2024 | Employee stock option grant date with an exercise price of $71.16, expiring 01/24/2033. |
| 11/20/2024 | Date of the reported transaction where 4,292 shares were gifted. |
| 01/23/2025 | Employee stock option grant date with an exercise price of $53.96, expiring 01/23/2034. |
| 11/21/2024 | Date the Form 4 was signed. |
Keywords
Form 4, Beneficial Ownership, Stock Options, Comerica, Megan D. Burkhart, Employee Stock Plans, Share Gift, Executive Compensation
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