Form 4: Comerica Inc. Executive Megan D. Crespi Reports Stock Transaction
SEC Form 4 Filing
Megan D. Crespi, SEVP & COO of Comerica Inc., reports the disposal of 399 common stock shares to cover taxes upon vesting of restricted stock units on April 15, 2024.
Summary
- On April 15, 2024, Megan D. Crespi, SEVP & COO of Comerica Inc., disposed of 399 shares of common stock.
- The transaction was executed to cover taxes on shares payable upon the vesting of restricted stock units.
- The price per share was $50.85.
- Following the transaction, Crespi directly owns 39,287 shares of Comerica Inc. common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine transaction related to tax obligations on vested stock.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be an indicator of management's perspective on the company's valuation and future prospects.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/15/2024 | Date of stock transaction: disposal of 399 shares. |
| 04/17/2024 | Date of signature on the report. |
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