Comerica (NYSE: CMA) director reports stock conversion in Fifth Third deal
Rhea-AI Filing Summary
Comerica Inc. director Michael G. Van de Ven reported the disposition of his Comerica common stock on February 1, 2026 in connection with the company’s completed merger with Fifth Third Bancorp. He disposed of 20,377 shares held directly and 5,000 shares held indirectly by the Van de Ven 2008 Family Trust, all at a reported price of $0 per share because the shares were converted rather than sold for cash.
Each Comerica share was converted into 1.8663 shares of Fifth Third common stock at the merger’s effective time. The filing notes that, as a result of the merger, Van de Ven no longer beneficially owns any Comerica common stock. For context, the closing price of Fifth Third common stock on the last trading day before the merger became effective was $50.22 per share.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 20,377 | $0.00 | -- |
| Disposition | Common Stock | 5,000 | $0.00 | -- |
Footnotes (1)
- As previously disclosed in a Current Report on Form 8-K filed with the SEC on February 2, 2026, at 12:01 a.m. ET on February 1, 2026 (the "Effective Time"), the issuer completed its previously announced merger with Fifth Third Bancorp ("Fifth Third"), and each share of the issuer's common stock, $5.00 par value per share, was converted into 1.8663 shares of Fifth Third common stock, no par value ("Fifth Third Common Stock"). All transactions reflected herein are dispositions in connection with the merger. The closing price of Fifth Third Common Stock on the Nasdaq Stock Market LLC on the last trading day prior to the Effective Time was $50.22 per share. At the Effective Time, all equity awards held by the reporting person were converted to (i) an equivalent Fifth Third equity award or (ii) Fifth Third Common Stock, in accordance with the terms set forth in the merger agreement, which was previously filed as Exhibit 2.1 to the Current Report on Form 8-K filed with the SEC on October 9, 2025. As a result of the merger, the reporting person no longer beneficially owns, directly or indirectly, any shares of the issuer's common stock.