Curtis C. Farmer
Also at Comerica Inc
About
Curtis C. Farmer has established a significant leadership record at CMA. He began his career with the company in October 2008 as an Executive Vice President and has since ascended through critical leadership roles including Vice Chairman, President, Chief Executive Officer, and Chairman.
Since commencing his journey at CMA, his career progression has showcased a consistent upward trajectory in responsibility and impact, culminating in his current role as CEO since April 2019. His tenure reflects a deep commitment and operational expertise, positioning him as a driving force in the company's strategic direction.
While the documents provide clear insights into his professional roles and timeline at CMA, they do not include details on his personal background or educational achievements. His contributions to the organization are thus highlighted through his leadership milestones and sustained influence within the company.
$CMA Performance Under Curtis C. Farmer
Past Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| Comerica Incorporated | Vice Chairman | April 2011 - April 2015 | Former CMA position |
| Comerica Incorporated | Executive Vice President | October 2008 - April 2011 | Former CMA position |
| Wachovia Corporation | Executive Vice President and Wealth Management Director | October 2005 - October 2008 | Held multiple roles during a 23-year tenure |
External Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| Texas Instruments Incorporated | Board of Directors | N/A [N/A]** | N/A |
Fixed Compensation
| Component Name | Amount | Payment Schedule | Additional Details |
|---|---|---|---|
| Base Salary | $1,073,173 | Annual | Fixed base salary component for 2023 |
| All Other Compensation | $58,219 | Annual | Total amount with no further breakdown provided |
Performance Compensation
Non-Equity Incentive Plan Compensation
| Component Name | Performance Threshold | Target | Maximum | Actual Award Amount | Evaluation Period | Vesting Schedule | Additional Details |
|---|---|---|---|---|---|---|---|
| Non-Equity Incentive Plan Compensation | $403,125 | $1,612,500 | $3,225,000 | $1,186,800 | 2023 | Not specified | Estimated payouts based on AEI performance; details provided in documents |
SELTPP Units
| Component Name | Absolute ROCE Metric | Relative Metric | Grant Date | Grant Date Fair Value | Grant Date Stock Price | Units Granted (Threshold/Target/Max) | Vesting Schedule | Additional Details |
|---|---|---|---|---|---|---|---|---|
| SELTPP Units | Threshold: 4% <br>Target: 9-11% <br>Max: 16% | Measured relative to the KBW Bank Index<br>TSR modifier applies (+15% top quartile; -15% bottom quartile) | January 24, 2023 | $3,100,025 | $71.16 | 21,080 / 42,160 / 63,240 | Performance-based vesting effective at period end (December 31, 2025) | Capped payout conditions apply (maximum payout capped at 150% of target; if max ROCE is reached with poor relative performance, payout limited to 75% of target) |
Note: The RSUs and Option Awards granted in 2023 are time-based awards and are not subject to performance metrics or targets.