Form 4: Comerica Executive Vice President Bruce Mitchell Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Executive Vice President Bruce Mitchell of Comerica Inc. reports a disposition of shares to cover tax obligations related to vested stock.
Summary
- On October 15, 2024, Bruce Mitchell, an Executive Vice President at Comerica Inc., reported a transaction involving company stock.
- Mitchell disposed of 190 shares of common stock at a price of $61.86 per share to satisfy tax obligations.
- Following the transaction, Mitchell directly owns 19,328 shares of Comerica Inc.
- Mitchell also holds options to purchase shares of common stock at various prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an executive's stock transactions, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. The sale of shares to cover tax obligations is a common practice.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 11/30/2021 | Start date for vesting of options to buy 3,990 shares at $49.2 |
| 01/26/2022 | Start date for vesting of options to buy 2,230 shares at $60.12 |
| 01/25/2023 | Start date for vesting of options to buy 1,660 shares at $92.58 |
| 01/24/2024 | Start date for vesting of options to buy 2,015 shares at $71.16 |
| 01/23/2025 | Start date for vesting of options to buy 2,570 shares at $53.96 |
| 10/15/2024 | Date of transaction: Disposition of 190 shares at $61.86 |
| 10/17/2024 | Date of signature on the form |
| 11/30/2030 | Expiration date for options to buy 3,990 shares at $49.2 |
| 01/26/2031 | Expiration date for options to buy 2,230 shares at $60.12 |
| 01/25/2032 | Expiration date for options to buy 1,660 shares at $92.58 |
| 01/24/2033 | Expiration date for options to buy 2,015 shares at $71.16 |
| 01/23/2034 | Expiration date for options to buy 2,570 shares at $53.96 |
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