Company: CMA
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0000028412-25-000135
Chunk: 69

Company: COMERICA INC
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 69
---

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

(12) As an incentive to join Comerica, Ms. Crespi was awarded RSUs on April 15, 2020. RSUs vest in increments of 50% in year three and 25% in years four and five. 50% of these RSUs vested on 4/15/2023, an additional 25% vested on 4/15/2024, and the remaining 25% will vest on 4/15/2025. Dividend equivalents accumulate throughout the vesting period and are paid out in cash at distribution.

(13) RSUs vest in increments of 50% in year two and year three. 50% of these RSUs will vest on 12/29/2025 and the remaining 50% will vest on 12/29/2026. Dividend equivalents accumulate throughout the vesting period and are paid out in cash at distribution. The grant was made as a new hire grant for Mr. Goldman.

(14) The three-year performance period for these SELTPP units ended on December 31, 2024. The Committee made performance-based determinations regarding these units on February 20, 2025 as follows:

| Metric                           |     | Performance                                          |
| 3-year average SELTPP ROCE       |     | 15.95%                                               |
| Relative ROCE                    |     | First quartile of banks                              |
| TSR (relative to KBW Bank Index) |     | Fourth quartile of banks – negative modifier applied |

On the determination date, the Committee approved a payout of the SELTPP units at 135.0% of target and the SELTPP units vested. Shares shown here have the performance factor applied. Dividend equivalents accumulated throughout the vesting period and were paid out at distribution in cash with the same performance factor applied.

(15) The SELTPP units vest after December 31, 2026, the end of the three-year performance period, once the attainment of the performance measures has been determined. The SELTPP is a forward-looking performance plan where the payout could be at 150% of target if performance metrics are surpassed or could be reduced to zero if the SELTPP ROCE performance threshold is not achieved. Performance will be measured on an absolute basis for three-year average SELTPP ROCE and on a