Company: CMA
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000028412-25-000108
Chunk: 579

Company: COMERICA INC
Filing Date: 2025-02-24
Form: 10-K
Item: Item 16
Chunk 579
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 value per option$17.64 $20.21 $25.31 Weighted-average assumptions:Risk-free interest rates4.13 %3.46 %1.78 %Expected dividend yield4.00 4.00 4.00 Volatility37 32 34 Expected option life (in years)7.5 7.8 8.0 A summary of the Corporation’s stock option activity and related information for the year ended December 31, 2024 follows:  Weighted-Average   Number ofOptions(in thousands)Exercise Priceper ShareRemainingContractualTerm (in years)AggregateIntrinsic Value(in millions)Outstanding-January 1, 20242,083 $64.03 Granted322 53.96 Forfeited or expired(60)67.87 Exercised(279)46.19 Outstanding-December 31, 20242,066 64.76 5.1 $12 Exercisable-December 31, 20241,456 $64.87 3.7 $9 The aggregate intrinsic value of outstanding options shown in the table above represents the total pretax intrinsic value at December 31, 2024, based on the Corporation’s closing stock price of $61.85 at December 31, 2024.The total intrinsic value of stock options exercised was $4 million, $4 million and $17 million for the years ended December 31, 2024, 2023 and 2022, respectively.There was no restricted stock award activity in 2024 or 2023. The plan was fully vested as of December 31, 2022. The total fair value of restricted stock awards that fully vested in 2022 was $4 million.A summary of the Corporation's restricted stock unit activity and related information for the year ended December 31, 2024 follows:

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Table of ContentsNOTES TO CONSOLIDATED FINANCIAL STATEMENTSComerica Incorporated and Subsidiaries

Service-Based UnitsPerformance-Based UnitsNumber ofUnits(in thousands)Weighted-AverageGrant-Date Fair Value per ShareNumber ofUnits(in thousands)Weighted-AverageGrant-Date Fair Value per ShareOutstanding-January 1, 20241,518 $62