Form 4: Comerica Executive Vice President James H. Weber Reports Changes in Beneficial Ownership
SEC Form 4
Executive Vice President James H. Weber reports a transaction involving Comerica Inc. common stock, resulting in an adjusted beneficial ownership.
Summary
- On October 15, 2024, James H. Weber, an Executive Vice President at Comerica INC /NEW/ [CMA], reported a transaction involving common stock.
- The transaction involved the disposal of 162 shares at a price of $61.86.
- Following the reported transaction, Weber's direct ownership of common stock is 22,273 shares.
- Weber also holds multiple employee stock options with varying exercise prices and expiration dates.
- These options vest in four equal annual installments beginning on the dates indicated.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions by an executive, with no inherent positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Comparison to Industry Standards
- Executive compensation packages, including stock options, are a standard practice in the financial services industry.
- The vesting schedules and exercise prices of the options are typical for executive compensation plans.
- Comparing the total number of options held by Mr. Weber to those held by executives at peer banks like Bank of America or JP Morgan Chase would provide a benchmark for assessing the size of his equity-based compensation.
Stakeholder Impact
- The disclosure provides transparency to shareholders regarding executive stock ownership.
- It can influence investor sentiment depending on the perceived motivations behind the transaction.
Key Dates
| Date | Description |
|---|---|
| 01/24/2018 | Start date for vesting of employee stock options with an exercise price of $67.66 |
| 01/23/2019 | Start date for vesting of employee stock options with an exercise price of $95.25 |
| 01/22/2020 | Start date for vesting of employee stock options with an exercise price of $80.17 |
| 01/28/2021 | Start date for vesting of employee stock options with an exercise price of $63.15 |
| 01/26/2022 | Start date for vesting of employee stock options with an exercise price of $60.12 |
| 01/25/2023 | Start date for vesting of employee stock options with an exercise price of $92.58 |
| 01/24/2024 | Start date for vesting of employee stock options with an exercise price of $71.16 |
| 10/15/2024 | Date of transaction involving the disposal of 162 shares of common stock |
| 10/17/2024 | Date of signature for the Form 4 filing |
| 01/23/2025 | Start date for vesting of employee stock options with an exercise price of $53.96 |
| 01/24/2027 | Expiration date for employee stock options with an exercise price of $67.66 |
| 01/23/2028 | Expiration date for employee stock options with an exercise price of $95.25 |
| 01/22/2029 | Expiration date for employee stock options with an exercise price of $80.17 |
| 01/28/2030 | Expiration date for employee stock options with an exercise price of $63.15 |
| 01/26/2031 | Expiration date for employee stock options with an exercise price of $60.12 |
| 01/25/2032 | Expiration date for employee stock options with an exercise price of $92.58 |
| 01/24/2033 | Expiration date for employee stock options with an exercise price of $71.16 |
| 01/23/2034 | Expiration date for employee stock options with an exercise price of $53.96 |
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