Company: CMA
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0000028412-25-000135
Chunk: 39

Company: COMERICA INC
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 39
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 by approving the following resolution:

RESOLVED, that the compensation paid to the Company's named executive officers, as disclosed pursuant to Item 402 of Regulation S-K, including the Compensation Discussion and Analysis, compensation tables and narrative discussion, is hereby APPROVED.

Because your vote on this proposal is advisory, it will not be binding on the Board. However, the Committee will take into account the outcome of the vote when considering future executive compensation arrangements.

Current Frequency of Shareholder Advisor Votes on Executive Compensation; Next Vote

Following our shareholders' recommendation in 2023 that we hold an annual vote on our executive compensation, and as required pursuant to Section 14A of the Securities Exchange Act, the Board determined to hold an advisory vote on executive compensation every year until our shareholders next vote on the frequency of this advisory vote. Accordingly, we anticipate that our shareholders will again have the ability to vote on a proposal to approve executive compensation next year at our 2026 Annual Meeting of Shareholders. We also anticipate that our shareholders will have the ability to vote on the frequency of the advisory vote (every one, two or three years) at our 2029 Annual Meeting of Shareholders.

| The Board of Directors Recommends a vote“FOR”this advisory proposal to approve Executive Compensation. |

| 42 |     | COMERICA INC.                                                               
 PROPOSAL 3: NON-BINDING, ADVISORY PROPOSAL APPROVING EXECUTIVE COMPENSATION |

### Compensation Discussion and Analysis

#### Executive Summary

#### 2024 Compensation Highlights
The Committee met six times in 2024. In addition to those meetings, senior members of management met with Mr. Van de Ven, the Committee Chair, either formally or informally, multiple times during the year in preparation for the Committee meetings.

During 2024, the Committee reviewed and affirmed our peer group, updated our stock ownership guidelines for 2025, evaluated and updated our equity program for 2025, monitored the performance of our incentive plans, including through risk assessments, and discussed our sustainability initiatives, human capital strategy and talent development, among other things. We demonstrated that our incentive plans align with performance, as funding for the 2024 short-term annual cash incentive plan ("AEI") funded at 122.4%, driven by strong performance despite a challenging banking environment. The 2022-2024 Senior Executive Long-Term Performance Plan ("SELTPP") paid out at 135.0%, reflecting strong absolute and relative performance over the three-year measurement