Company: CMA
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0000028412-25-000135
Chunk: 44

Company: COMERICA INC
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 44
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 Initiatives (20%)                         |     |                                                                  |     |                                                    |
|                             |     |                               |     | Senior Executive Long-Term Performance Plan (SELTPP) |     | Equity                                                           
 Performance                                                      
 Program                                                          |     | •3-year ProspectiveMeasurement Period(2024 – 2026) |
|                             |     |                               |     |                                                      |     | •Metrics:                                                        
 •Absolute SELTPP ROCE(3)                                         
 •Relative ROCE                                                   
 •Relative TSR modifier                                           |     |                                                    |
|                             |     | Restricted Stock Units (RSUs) |     | Equity Incentive                                     |     | •4-year Vesting Schedule                                         |     |                                                    |
|                             |     | Stock Options                 |     | Equity Incentive                                     |     | •4-year Vesting Schedule                                         
 •Exercise price is set to the closing price on the date of grant |     |                                                    |

(1) "MIP EPS"* measures absolute performance for one-year earnings per share ("EPS") excluding non-performance items, uses net-charge-offs in lieu of provision expense for credit losses, and applies an interest rate collar of 50%. For 2024, non-performance items include the impact of any loss of hedge accounting treatment, FDIC special assessment accruals and losses related to repositioning of Comerica's available-for-sale securities portfolio. All adjustments are on an after-tax basis.

(2) "MIP Efficiency Ratio"* measures absolute performance for one-year efficiency ratio excluding non-performance items, applies an interest rate collar of 50% and excludes the impact of any loss of hedge accounting treatment (all on a pre-tax basis).

(3) "SELTPP ROCE"* measures Comerica's average return on common equity ("ROCE") by utilizing net charge-offs instead of provision expense for credit losses from the return metric, and, for the plan issued in 2024, excludes accumulated other comprehensive income from common equity. One-year computations are completed and averaged over the three-year performance period to determine SELTPP ROCE over a three-year period.

* MIP EPS, MIP Efficiency Ratio and SELTPP ROCE are non-GAAP financial measures. See Appendix A for non-GAAP reconciliation information.

These programs:

• Utilize differing key metrics that align with financial performance and measure varying time horizons, providing a broader performance assessment.

• Combine absolute and relative performance measures to align executives’ interests with those of shareholders.

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