CHAUSSE MELINDA A.

Melinda A. Chausse, Senior EVP at Comerica (CMA), has filed 36 Form 4 transactions with the SEC, all in a single company. The pattern is overwhelmingly one of compensation-driven activity rather than discretionary trading. Across the entire filing history, there are zero open-market purchases (code "P") and zero open-market sales (code "S"). Instead, the activity consists of option exercises (code "M"), shares withheld to cover taxes (code "F"), equity grants (code "A"), and sales back to the issuer (code "D"). The most recent cluster of filings, dated February 1, 2026, shows five separate "D" transactions—sales back to the issuer—all valued at $0, suggesting a nominal or administrative transfer rather than a cash-generating disposition. Prior to that, on January 27, 2026, Chausse received three equity grants (code "A") with no reported value. The January 22, 2026 filings show a more substantive pattern: two option exercises valued at $146,461.56 and $109,432.05, offset by a tax-withholding disposition of $261,832.29. A similar structure appears on November 17, 2025, with five option exercises totaling roughly $587,535.57 and a corresponding tax-withholding sale of $633,876. The total value of shares acquired through these transactions—$195,065.40—reflects the exercise of options and vesting of awards, not open-market buying. The absence of any "P" or "S" codes indicates Chausse has not used the public market to increase or decrease her stake in Comerica during the reporting period. Her activity is mechanical and schedule-driven, tied to the vesting and exercise cycles of her compensation package, with the "F" transactions representing automatic share surrenders to satisfy tax obligations rather than discretionary sales.