Herzog James J, Senior EVP and CFO, has demonstrated a clear selling bias in his trading activity involving Comerica Incorporated (CMA), the sole company represented in his SEC Form 4 filings. Across 38 reported transactions, Herzog’s total sell value of $2.72 million significantly outweighs his total buy value of $1.56 million. His most notable dispositions occurred on November 7, 2025, when he sold shares worth $1.25 million, followed by a $575,140 sale on January 15, 2026. Smaller but material sales include a $276,818 transaction on February 20, 2025, and a $76,341 sale on December 29, 2025. The majority of these sales were coded as "F" (disposition under Rule 16b-3), with additional transactions marked as "M" (open market or private purchase/sale).
Herzog’s buying activity has been comparatively limited, with no recent purchases recorded. His acquisitions, primarily in late 2025, included smaller transactions such as a $29,577 purchase on October 28, 2025, and a $12,529 buy on February 25, 2025. The absence of recent buys—coupled with multiple dispositions—suggests a consistent reduction in his CMA holdings over time. While some filings from early 2026 show derivative transactions (coded "A" and "D") with no reported value, the overall trend indicates a net decrease in his equity exposure to Comerica. The data reflects a pattern of gradual divestment rather than accumulation, though no single transaction dominates his trading history.
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