Comerica (NYSE: CMA) director converts all shares in Fifth Third merger
Rhea-AI Filing Summary
Comerica Inc. director Richard G. Lindner reports the conversion of his entire Comerica shareholdings in connection with the company’s merger into Fifth Third Bancorp. On February 1, 2026, he disposed of a total of 86,718 shares of Comerica common stock, including shares held directly and through two family trusts, at a reported price of $0 per share because the stock was exchanged rather than sold for cash.
Each Comerica share was converted at the merger’s effective time into 1.8663 shares of Fifth Third common stock. The filing notes that the closing price of Fifth Third common stock on the last trading day before the merger’s effective time was $50.22 per share. After these merger-related dispositions, Lindner no longer beneficially owns any Comerica common stock.
Positive
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 77,394 | $0.00 | -- |
| Disposition | Common Stock | 6,232 | $0.00 | -- |
| Disposition | Common Stock | 3,092 | $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.