Company: CMA
Filing Date: 2025-11-25
Form Type: DEFM14A
Source: 0001193125-25-297173
Chunk: 169

Company: COMERICA INC
Filing Date: 2025-11-25
Form: DEFM14A
Chunk 169
---
ocationof a release of claims):

| • |     | a lump sum cash payment equal to (i) the total annual compensation Mr. Farmer would have received had                                                         
 he remained employed through the full employment period and (ii) the advisory fees that would have been paid during the advisory period (as described below); |

| • |     | immediate vesting and lump sum cash payment of the integration award; |

| • |     | immediate vesting of all outstanding equity awards (including any Assumed Options and Assumed RSU Awards); and |

| • |     | a lump sum cash payment of $225,000, representing the Welfare Benefits under his CIC Agreement. |

Following the conclusion of the employment period and ending on the earlier of the first anniversary of the conclusion of the employment period or the second anniversary of the effective date (the “advisory period”), Mr. Farmer will serve as a senior advisor to Fifth Third, providing strategic integration support and related services. During the advisory period, he will receive an annual advisory fee of $8,750,000, along with an executive office, administrative support, and travel and expense benefits in each case on a basis no less favorable to those provided to him immediately before the effective date. In addition to his advisory role, Mr. Farmer will be appointed to the board of directors of Fifth Third and the board of directors of Fifth Third Bank, National Association, effective as of the conclusion of the employment period. He will be nominated for re-electionat each annual meeting of shareholders until he reaches the age of 72. Under the letter agreement, Mr. Farmer will be subject to non-competitionand non-solicitationof customers and employees covenants during the term of the letter agreement and for one year following the expiration of the term, as well as a perpetual confidentiality covenant. Potential Employment Arrangements with Fifth Third Any of Comerica’s other executive officers who become officers or employees of, or are otherwise retained to provide services to, Fifth Third or the surviving corporation may, before, on, or following the closing, enter into new individualized compensation arrangements with Fifth Third or the surviving corporation and may participate in cash or equity incentive or other benefit plans maintained by Fifth Third or the surviving corporation. As of the date of this joint proxy statement/prospectus, no new individualized compensation arrangements between Comerica’s executive officers (other than Mr. Farmer) and Fifth Third or the surviving corporation have been entered into, although the continued employment of Mr. Sefzik