Company: CMA
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0000028412-25-000135
Chunk: 53

Company: COMERICA INC
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 53
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Utilizing stock ownership guidelines helps to align the interests of our leadership team with the interests of our shareholders and reinforce a focus on our long-term success. For purposes of the stock ownership guidelines, stock ownership includes:

#### •

#### Unvested shares of time-based RSUs;
#### •

#### All shares owned by the senior officer;
• Shares held in trust where the senior officer retains beneficial ownership; and

• Any shares or share equivalents accumulated through employee benefit plans, such as deemed investments in Comerica common stock under a deferred compensation plan or Comerica common stock held in a 401(k) plan.

SELTPP units and stock options are not counted towards ownership until they are vested or exercised, respectively, and the resulting shares become owned by the participant.

As of December 31, 2024, all of the NEOs have exceeded their stock ownership guideline levels, except for Mr. Goldman who started with the organization in December of 2023.

Hedging and Pledging Practices and Insider Trading Policy

Our directors and employees may not hedge or offset any decrease in the market value of Comerica’s equity securities, through financial instruments (including prepaid variable forward contracts, equity swaps, collars and exchange funds) or otherwise. Em ployees, officers and directors are also prohibited from holding Comerica’s securities in a margin account or pledging Comerica’s securities as collateral for a loan.

Comerica has adopted an insider trading policy generally applicable to all transactions in Comerica’s securities by directors, officers and employees, as well as other representatives and agents of Comerica who possess material nonpublic information ("MNPI") about Comerica or its customers.The policy is reasonably designed to promote compliance with insider trading laws, rules and regulations and applicable NYSE listing standards. While Comerica is not subject to the insider trading policy, the Company does not trade in Comerica's securities when it is in possession of MNPI other than pursuant to previously-adopted Rule 10b5-1 trading plans.

| 60 |     | COMERICA INC.                                                               
 PROPOSAL 3: NON-BINDING, ADVISORY PROPOSAL APPROVING EXECUTIVE COMPENSATION |

Severance Benefits and Change of Control Agreements

#### Change of Control Agreements
We maintain change of control agreements with our NEOs to encourage our executives to remain with Comerica during a potential or actual transaction and to