Form 4: Comerica Inc. Senior EVP and CFO, James J. Herzog, Reports Stock Disposals

James J. Herzog, Senior EVP and CFO of Comerica Inc., reported the disposal of 1,853 shares of common stock on January 24, 2025, to cover tax obligations.

Summary

• James J. Herzog, Senior EVP and CFO of Comerica Inc., filed a Form 4 indicating changes in his beneficial ownership of company stock.
• On January 24, 2025, Mr. Herzog disposed of a total of 1,853 shares of Comerica common stock at a price of $63.27 per share.
• These disposals were made to cover tax obligations related to stock awards and other employee stock plans.
• Following these transactions, Mr. Herzog directly owns 17,611 shares of Comerica common stock and indirectly owns 28,838 shares through the Herzog Living Trust.
• The reported transactions include shares acquired through employee stock plans, shares purchased with reinvested dividends, restricted stock units, and stock units held pursuant to a deferred compensation plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to stock transactions by an executive, and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to stock transactions by a company executive, which is common in the financial industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders in the US, and this filing is consistent with those requirements.
• The transactions are typical for executives who receive stock-based compensation and need to cover tax liabilities.

Stakeholder Impact

• The stock disposals by the CFO may have a minor impact on the stock price, but are not expected to be significant.

Key Dates

Keywords

Form 4, Beneficial Ownership, Comerica Inc, James J. Herzog, Stock Disposal, CFO, Tax Obligations, Employee Stock Plans