Company: CMA
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0000028412-25-000135
Chunk: 52

Company: COMERICA INC
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 52
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 to commercial air travel. We occasionally provide NEOs' family or guests travel and/or entertainment benefits related to business events attended by the NEOs, which we encourage them to attend in order to strengthen relationships; these include corporate recognition, recruiting, and similar events held for marketing or other business purposes. Due to the public profile of our CEO and credible threat assessment, the following security services were provided and the associated costs shown in our Summary Compensation Table: security services and personnel during personal travel. Security costs related to travel for business purposes are not included.

The Committee regularly reviews these perks to determine whether they continue to serve our intended business purposes.

| PROPOSAL 3: NON-BINDING, ADVISORY PROPOSAL APPROVING EXECUTIVE COMPENSATION |     | 59 |

#### Looking Forward – 2025 Compensation Design
The Committee reviewed our compensation programs, evaluating effectiveness, competitiveness and alignment with corporate and shareholder goals during 2024, and decided to maintain our compensation programs as outlined under the Compensation Elements & 2024 Pay Actions section of this proxy statement, with a modification to our long-term incentives. Specifically, the Committee decided to discontinue the use of stock options with the annual equity grants made in January of 2025. Our long-term incentive mix is now 60% SELTPP units and 40% time-based RSUs versus 60% SELTPP units, 30% time-based RSUs and 10% stock options. This change better aligns us to market practice and regulatory expectations. Additionally, the Committee conducted a thorough review of the peer group for 2025 and decided against any changes.

The Committee also made updates to our stock ownership guidelines, which is detailed in the section below.

#### Other Compensation Practices and Policies

#### Stock Ownership Guidelines
We have stock ownership guidelines that encourage executive vice presidents and above, including the NEOs, to own a significant amount of Comerica common stock.

New for 2025: The Committee elected to eliminate the five-year grace period to achieve the targeted ownership levels and instead require the officer to retain 50% of after-tax shares from each SELTPP unit settlement, RSU vesting or stock option exercise until the salary multiple is met.

| Internal               
 Grade Level            |     | Salary   
 Multiple |
| CEO                    |     | 6X       |
| CFO                    |     | 3X       |
| Sr. EVP/EVP (Level II) |     | 3X       |
| EVP (Level I)