Form 4: Comerica Executive Sells Shares for Tax Withholding

Melinda A. Chausse, Comerica's Sr EVP & Chief Credit Officer, disposed of 402 shares of common stock at $87.95 per share for tax withholding purposes.

Summary

• Melinda A. Chausse, Senior Executive Vice President and Chief Credit Officer of Comerica Inc. (CMA), reported a transaction involving the company's common stock.
• On December 29, 2025, Chausse disposed of 402 shares of Comerica Common Stock.
• The transaction was executed at a price of $87.95 per share.
• This disposition was specifically for the purpose of satisfying tax withholding obligations related to the vesting of Restricted Stock Units.
• Following this transaction, Chausse beneficially owns 61,668 shares of Comerica Common Stock directly.
• The reported beneficial ownership includes shares acquired through employee stock plans, shares purchased with reinvested dividends, and restricted stock units as of the transaction date.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction for tax withholding purposes, which is neutral in terms of company sentiment. It reflects the vesting of executive compensation, a normal operational event.

Future Outlook

NA

Industry Context

This is a routine insider transaction for tax withholding purposes, common across all industries when executive equity compensation vests. It does not reflect a change in the company's strategic direction or financial health relative to the broader banking sector.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine tax-related disposition, not a discretionary sale indicating a change in confidence.
• Employees: No direct impact beyond the reporting person.

Key Dates

Recommendation

This Form 4 details a routine disposition of shares by an executive for tax withholding purposes upon the vesting of Restricted Stock Units. Such transactions are common and do not typically indicate a change in the company's fundamentals or the executive's confidence in the company. Therefore, it provides no new information to alter an existing investment thesis, warranting a 'hold' recommendation based solely on this filing.

Keywords

Comerica Inc, CMA, Form 4, Insider Transaction, Stock Sale, Tax Withholding, Restricted Stock Units, Melinda A. Chausse, Executive Compensation, Rule 10b5-1