Company: FITBI
Filing Date: 2025-10-09
Form Type: 425
Source: 0001193125-25-234729
Chunk: 17

Company: FIFTH THIRD BANCORP
Filing Date: 2025-10-09
Form: 425
Chunk 17
---
umed RSU Award and will be paid in accordance
with the terms and conditions as were applicable to such Comerica RSU Award immediately prior to the Effective Time.

-4-

(c) . At the Effective Time, each outstanding
Comerica RSU Award that is held by a current or former non-employee director (a “”), whether granted prior to or on or after the date hereof shall, whether vested or
unvested, be converted into the right to receive (without interest) (A) a number of fully vested and freely transferable shares of Fifth Third Common Stock (rounded up to the nearest whole number of shares) equal to the product of (A) the
number of shares of Comerica Common Stock subject to such Director RSU Award immediately prior to the Effective Time multiplied by (B) the Exchange Ratio, (B) a cash payment in respect of any accrued but unpaid dividend
equivalents in respect of such Director RSU Award (to the extent not re-invested), with such consideration to be issued or paid, as applicable, as soon as reasonably practicable following the Closing Date and
in no event later than five (5) business days following the Closing Date.

(d) . At the
Effective Time, each outstanding award of performance stock units (a “), whether vested or unvested, shall, automatically and without any required action on the part of the holder thereof, be converted into an
Assumed RSU Award on the terms and conditions, including any time-based vesting requirements (but excluding any performance-based vesting requirements) and termination protections under the applicable equity plan and award agreement in effect
immediately prior to the Effective Time (including, as applicable, the provisions of Section 10(d) of the Comerica 2018 LTIP, or any more favorable termination protections under the applicable award agreement), with respect to a number of
shares of Fifth Third Common Stock (rounded up to the nearest whole number of shares) equal to the product of a number of shares of Fifth Third Common Stock (rounded up to the nearest whole number of shares) equal to the product of (A) the
number of shares of Comerica Common Stock subject to such Comerica PSU Award (with such number of shares of Comerica Common Stock determined based on the greater of (x) the target level of performance and (y) the actual level of
performance measured through the latest practicable date prior to the Effective Time as determined by the Governance