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Curtis C. Farmer

Chairman, President, and CEO at COMERICA
Board
Since April 2019
Age
61 years
Tenure
Has served at CMA since October 2008 and held various leadership roles including Executive Vice President, Vice Chairman, President, Chief Executive Officer, and Chairman.

Also at COMERICA

CRB
Corey R. Bailey
EVP, Head of Middle Market and Business Banking
JJH
James J. Herzog
Senior EVP and CFO
JMC
J. McGregor Carr
EVP, Wealth Management

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

OrganizationRoleDate RangeDetails
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

OrganizationRoleDate RangeDetails
Texas Instruments Incorporated Board of Directors N/A [N/A]**N/A

Fixed Compensation

Data from  FY 2023
Component NameAmountPayment ScheduleAdditional Details
Base Salary$1,073,173 AnnualFixed base salary component for 2023
All Other Compensation$58,219 AnnualTotal amount with no further breakdown provided

Performance Compensation

Data from  FY 2023

Non-Equity Incentive Plan Compensation

Component NamePerformance ThresholdTargetMaximumActual Award AmountEvaluation PeriodVesting ScheduleAdditional Details
Non-Equity Incentive Plan Compensation$403,125 $1,612,500 $3,225,000 $1,186,800 2023Not specifiedEstimated payouts based on AEI performance; details provided in documents

SELTPP Units

Component NameAbsolute ROCE MetricRelative MetricGrant DateGrant Date Fair ValueGrant Date Stock PriceUnits Granted (Threshold/Target/Max)Vesting ScheduleAdditional Details
SELTPP UnitsThreshold: 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.