Form 4: Comerica Executive Vice President Corey R. Bailey Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Executive Vice President Corey R. Bailey reports the acquisition and disposal of Comerica Inc. common stock due to performance-based restricted stock units and tax withholdings.
Summary
- On February 26, 2024, Corey R. Bailey, an Executive Vice President at Comerica Inc., reported changes in beneficial ownership of the company's common stock.
- Bailey acquired 4,080 shares of common stock related to a performance restricted stock unit award.
- Simultaneously, 1,606 shares were disposed of to cover tax obligations related to the vesting of these shares at a price of $48.97.
- Following these transactions, Bailey directly owns 28,067 shares of Comerica Inc. common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reflects standard reporting of stock transactions by an executive, with no indication of positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, which is common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership and transactions.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | Date of transaction involving acquisition and disposal of Comerica common stock. |
| 02/28/2024 | Date of signature for the report. |
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