Company: CMA
Filing Date: 2025-11-25
Form Type: DEFM14A
Source: 0001193125-25-297173
Chunk: 161

Company: COMERICA INC
Filing Date: 2025-11-25
Form: DEFM14A
Chunk 161
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 Jude A. Schramm and Melissa S. Stevens. For purposes of this joint proxy statement/prospectus, Fifth Third’s non-employeedirectors are: Nicholas K. Akins, B. Evan Bayh, III, Jorge L. Benitez, Katherine B. Blackburn, Linda W. Clement-Holmes, C. Bryan Daniels, Laurent Desmangles, Mitchell S. Feiger, Thomas H. Harvey, Gary R. Heminger, Eileen A. Mallesch, and Kathleen A. Rogers. Treatment of Outstanding Equity Awards; Executive Severance Benefits Plan The first merger will not constitute a “change in control” under the compensation arrangements in which Fifth Third’s executive officers and directors participate. Following the closing, equity awards previously granted to Fifth Third’s executive officers and directors will remain outstanding and continue to be governed by the same terms and conditions that applied prior to the transaction. The existing severance plans with respect to Fifth Third’s executive officers will continue to govern each officer’s entitlement to severance benefits. On February 17, 2021, the Fifth Third’s Human Capital and Compensation Committee adopted the Executive Severance Benefits Plan, in which participating executives are eligible to receive certain severance benefits as described in the Severance Benefits Plan if such executive’s employment terminates prior to a change in control of Fifth Third, but only if the Bank determines, in its sole discretion, that the executive’s employment was terminated involuntarily by Fifth Third without “cause” or by the executive for “good reason” (each as defined in the Severance Benefits Plan). For purposes of the Severance Benefits Plan, a change in control has the meaning given to that term in the Fifth Third Bancorp Executive Change in Control Severance Plan, as amended. The cash severance payment received upon a triggering event under the Severance Benefits Plan would be equal to two times base salary for Mr. Spence and one-and one-halftimes base salary for Messrs. Preston, Leonard, Shaffer, and Lavender. The payment is payable in quarterly installments over the 12-monthperiod following termination of employment. In addition to the base annual 108

salary, a Fifth Third named executive officer will receive a lump sum payment of a portion of the executive’s annual bonus for the year in which termination of employment occurs prorated
based on the number of days elapsed; and a lump sum payment equal to twelve (12) times the monthly COBRA premium costs for the Bank-sponsored medical, dental, and vision