Company: CMA
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0000028412-25-000135
Chunk: 81

Company: COMERICA INC
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 81
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 awards would be forfeited, and vested options would continue to be exercisable for the earlier of the option term or 90 days. In the event of a termination by Comerica for cause but not in connection with a change of control, each NEO's unvested equity awards would be forfeited, and vested options would be subject to cancellation.

(3) Please see “Change of Control Agreements” for a description of these officers’ change of control agreements; assumes both change of control and qualifying termination occur on December 31, 2024. This total includes the following:

• Three times base salary and highest annual bonus calculated pursuant to the agreements.

• Annual cash incentive for 2024 (higher of target or estimated achievement).

• The value of the acceleration of all unvested, in-the-money equity awards based on the closing price of Comerica common stock as of December 31, 2024. Outstanding awards granted prior to April 24, 2018 vest upon a single trigger; awards granted after April 24, 2018 vest upon a double trigger if not assumed. SELTPP units are included at the higher of target or estimated achievement (for presentation purposes, estimated achievement is based on the amount reported in the "Outstanding Equity Awards at Fiscal Year-End 2024" table).

• The present value of an additional change of control benefit under the RIA and SRIA. Assumptions to calculate this amount are based on assumptions prescribed by the PPA as a minimum present value for calculating lump sums paid by the RIA. The interest rates used were based on the PPA 3 segment yield curve using an August look back month: 4.50% for the first five years, 4.96% for years five through 20 and 5.40% for years after 20. Mortality Table for 2025 as prescribed by IRS Notice 2024-73. Payments are assumed to have commenced on December 31, 2024 in the form of a lump sum.

• Three years of life insurance premiums calculated based upon portability and conversion options in the contract at December 31, 2024.

• Three years of medical, dental and vision insurance premiums, assuming they will remain at December 31, 2024 levels.

• Comerica’s standard outplacement assistance package.

(4) Long-term disability payments include the following:

#### •

#### Annual cash incentive earned for 2024.
• The value of the acceleration of all