Company: CMA
Filing Date: 2025-11-25
Form Type: DEFM14A
Source: 0001193125-25-297173
Chunk: 48

Company: COMERICA INC
Filing Date: 2025-11-25
Form: DEFM14A
Chunk 48
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 the First Merger” beginning on page 107. Interests of Comerica’s Directors and Executive Officers in the First Merger (page 109) In considering the recommendation of the Comerica board of directors to vote to approve the Comerica merger agreement proposal, the Comerica compensation proposal and the Comerica adjournment proposal, Comerica stockholders should be aware that the directors and executive officers of Comerica may have interests in the mergers that are different from, or in addition to, the interests of Comerica stockholders generally and that may create potential conflicts of interest. These interests include, among others, the following:

| • |     | Each of Comerica’s executive officers holds unvested Comerica Stock Options, Comerica RSU Awards and 
 Comerica PSU Awards, which will be converted into the Assumed Options and Assumed                    |

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| RSU Awards adjusted based on the exchange ratio, and otherwise subject to the same vesting terms and conditions (except that any performance goals are deemed earned based on the greater of target 
 and actual performance measured through the latest practicable date prior to the effective time);                                                                                                   |

| • |     | Comerica’s executive officers are party to change-in-control agreements that provide for severance payments                
 and benefits in connection with a termination of employment without cause or for good reason following the effective time; |

| • |     | Fifth Third entered into a letter agreement with Mr. Farmer concurrently with the execution of the merger                                                                         
 agreement, which provides for certain compensation and benefits for his employment and post-employment advisory service with Fifth Third following the completion of the mergers; |

| • |     | Fifth Third has agreed upon the continued employment of certain executives, including Mr. Sefzik (as Head of 
 Wealth & Asset Management), and determined expected terms of the ongoing employment; and                     |

| • |     | Comerica’s directors and executive officers are entitled to certain continued indemnification and                   
 directors’ and officers’ liability insurance and fiduciary liability insurance coverage under the merger agreement. |

These interests are described in more detail below, and certain of them are quantified in the narrative and in the section entitled “ The Mergers— Interests of Certain Comerica’s Directors and Executive Officers in the First Merger” beginning on page 109. Governance of Fifth Third After the Mergers (page 115) The merger agreement provides that, as of the effective time