Curtis C. Farmer is the CEO of Comerica Incorporated, a role he has held since April 2019 after successfully leading departments like Wealth Management and the Retail Bank. With a solid educational background from the University of Michigan and expertise...

Current Market Cap

$7.87B

Number of Employees

7.86K

Total Compensation

2019 - 2023

Trending up by 17.73% last year
Showing total compensation for the last 2019 - 2023

Stock

Up by 0.00% last year

Salary

Up by 2.40% last year

Bonus

Down by -100.00% last year

Other

Down by -13.83% last year

Year

2023

Total Compensation

$5.02M

Salary

$1.08M

Board Justification

Comerica's compensation philosophy aims to align executive compensation with performance, focusing on attracting, retaining, and motivating top talent while managing risk and promoting long-term shareholder value.

Bonus

$0.00

Board Justification

No cash bonus was awarded for 2023 as the performance metrics did not meet the target levels.

Other

$58.22K

Board Justification

Includes financial planning, security, and limited personal use of corporate aircraft, among other benefits.

Restricted Stock

$3.89M(55.46K RSU)

Board Justification

55,458 RSUs vested in 2023, with a total value of $3,890,912 based on the closing market price on the vesting dates.

Performance Metrics

Performance metrics for 2023 included MIP EPS and MIP Efficiency Ratio, which were not met to the target level, resulting in a funding of 73.6% for the annual incentive plan.

SEC Filing

From March 11, 2024