Company: CMA
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0000028412-25-000135
Chunk: 45

Company: COMERICA INC
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 45
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 Incorporate shareholder feedback.
#### •

#### Align with regulatory expectations.
• Are subject to our clawback policy and, with respect to the equity awards, our forfeiture provisions.

| PROPOSAL 3: NON-BINDING, ADVISORY PROPOSAL APPROVING EXECUTIVE COMPENSATION |     | 49 |

Annual Executive Incentive (Short-Term Cash Incentive)

The NEOs, along with our other senior leaders (approximately 395 individuals), participate in the AEI program. The AEI is awarded pursuant to Comerica’s Management Incentive Plan (“MIP”). This program measures Comerica’s absolute performance for one-year MIP EPS, MIP Efficiency Ratio and strategic initiatives against internal goals. The Committee approved these metrics because they provide a balance of financial, operational and organizational health metrics. We include strategic initiatives for a more robust consideration of performance and to promote a focus on accomplishing key objectives supporting longer-term success. We believe the use of a variety of measures that allow for a holistic view of performance is the foundation of a responsible incentive program that rewards achievement without encouraging participants to take excessive risk.

Each year, the Committee reviews multiple factors to ensure the performance goals used to determine payouts for the AEI plan are balanced, achievable but challenging, motivating, do not incent excessive risk taking and reflect the current environment in which the Company must perform. Given that the banking industry, and Comerica, are highly sensitive to macro-environmental factors, especially interest rates, the ability to set performance goals at levels exceeding the prior year may not be realistic given the expected interest rate environment, which was the case at the beginning of 2024 and generally aligned with guidance to shareholders.

Metrics:

#### •

#### MIP EPS versus goal – weighted 65%
#### •

#### MIP Efficiency Ratio versus goal – weighted 15%
#### •

#### Strategic Initiatives – weighted 20%
Measurement Period:

#### •

#### One-year prospective
Corporate Funding:

Corporate funding is the summation of the weighted funding for each metric.

• Below 75% of goal = no funding for the relevant metric

• 75% of goal = threshold funding (25%) for the relevant metric

• 100% of goal = target funding (100%) for the relevant metric

• 125% of goal = maximum funding (200%) for the relevant metric

• Funding for each metric increases by 4% for every 1% of achievement above target performance and decreases 3% for