Company: CMA
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0000028412-25-000135
Chunk: 46

Company: COMERICA INC
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 46
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 every 1% below target performance

### INDIVIDUAL INCENTIVE TARGETS
Each year, the Committee establishes individual target and maximum funding amounts for cash incentives under the AEI program for each senior officer that is based on a percentage of such senior officer's base salary. No changes were made by the Committee to the CEO's or any other NEO's individual incentive target for 2024. Target and maximum incentive opportunities under the AEI program for 2024 are set forth below.

| Level      |     |     | Target (% of base salary) |     |     | Maximum (% of base salary) |
| CEO        |     | 150 | %                         |     | 300 | %                          |
| CFO        |     | 100 | %                         |     | 200 | %                          |
| Other NEOs |     |  90 | %                         |     | 180 | %                          |

Individual awards may differ from the amount determined by the program formula, as awards are ultimately based on each NEO’s performance. The Committee utilizes performance assessments to help determine individual awards, and evaluates the CEO’s individual performance based on accomplishment of key priorities, leadership, community involvement and overall performance of the Company. Additional details are provided in the Performance Highlights section for each NEO below.

| 50 |     | COMERICA INC.                                                               
 PROPOSAL 3: NON-BINDING, ADVISORY PROPOSAL APPROVING EXECUTIVE COMPENSATION |

#### 2024 AEI Goals
The Committee set the 2024 MIP EPS and MIP Efficiency Ratio goals in early 2024, reflecting cautious optimism about the economy and recognizing Comerica's plan to continue investments in growth and technology. For 2024, setting the EPS goal lower than prior year reflects the impact of cyclical pressures that the elevated rate environment would have on profitability. Additionally, we started incorporating the forward curve to forecast interest rate changes. While management is responsible for our rate sensitivity, interest rate changes are outside the control of management; therefore, we continue to apply a collar of 50% for interest rate changes to calculate performance.

The Committee also uses strategic initiatives to ensure a robust, balanced view of performance and to reinforce current initiatives that support longer-term objectives. The 2024 strategic initiatives included risk management, growth and human capital.

### •

### Risk Management - The Excellence Program (10% weighting)
• In the wake of the 2023 banking crisis, the operating environment for financial institutions shifted significantly.