Company: CMA
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0000028412-25-000135
Chunk: 40

Company: COMERICA INC
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 40
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 period.

For 2024, Comerica’s named executive officers (“NEOs”) were:

| Curtis C. Farmer                                |     | James J. Herzog                                             |     | Brian S. Goldman                                       |     | Peter L. Sefzik                                           |     | Megan D. Crespi                                             |
| Chairman, President and Chief Executive Officer |     | Senior Executive Vice President and Chief Financial Officer |     | Senior Executive Vice President and Chief Risk Officer |     | Senior Executive Vice President and Chief Banking Officer |     | Senior Executive Vice President and Chief Operating Officer |

| PROPOSAL 3: NON-BINDING, ADVISORY PROPOSAL APPROVING EXECUTIVE COMPENSATION |     | 43 |

#### Shareholder Outreach & Compensation Philosophy

#### Shareholder Outreach
Shareholder outreach is an integral part of our business practices, as we seek shareholder perspectives on topics such as operations, governance and compensation, industry matters, our performance, and environmental and social issues. We also welcome feedback from our investors at investor conferences, in which we generally participate quarterly, and during one- on- one visits with investors.

During 2024, we reached out to some of our largest shareholders who, in the aggregate, held over 50% of the outstanding shares of Comerica common stock, as well as certain other shareholders who had asked to provide feedback or who had provided feedback in the past.

At the 2024 Annual Meeting, approximately 94% of the shares present in person or represented by proxy and entitled to vote on the proposal voted in favor of our non-binding, advisory vote to approve executive compensation, and approximately 97% of the shares present in person or represented by proxy and entitled to vote on the proposal voted in favor of approving the Current LTIP. We considered this strong shareholder support for our executive compensation and governance programs. For the last eight years, shareholder support for our annual "Say on Pay" proposal has been above 90% of the shares present in person or represented by proxy at the applicable meeting and entitled to vote on the proposal. Accordingly, the Committee believes that our compensation programs meet our objectives — ensuring the compensation programs demonstrate a strong pay-for-performance linkage, reflect good governance and are consistent with appropriate industry practices. Taking the result of the 2024 "Say on Pay" vote into account, the Committee concluded that no significant changes to the executive compensation structure were needed for 2024, as it continues to express a robust view of performance, capturing human capital management, sustainability,