Form 4: Commerce Bancshares CEO John Kemper Executes Stock Transactions

Commerce Bancshares CEO John Kemper engaged in multiple stock transactions on November 12, 2024, including the acquisition of shares through stock appreciation rights and the disposal of shares through sales and tax withholdings.

Summary

• On November 12, 2024, John Kemper, the President and CEO of Commerce Bancshares, executed several transactions involving the company's common stock.
• Kemper acquired 9,331 shares of common stock through the exercise of stock appreciation rights at a price of $40.1749 per share.
• He also disposed of 1,624 shares to cover tax obligations at a price of $72.03 per share.
• Additionally, 5,205 shares were disposed of at $72.03 per share, and 2,502 shares were sold at an average price of $71.79 per share.
• Following these transactions, Kemper directly owns 197,975 shares and indirectly owns 257,680 shares through Tower Properties Co.
• Kemper also holds 9,332 stock appreciation rights.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing stock transactions by an executive, which is neither positive nor negative in itself. It reflects standard corporate activity.

Industry Context

This is a routine filing related to insider trading activity, which is common for executives of publicly traded companies. The transactions are related to stock appreciation rights and tax obligations.

Comparison to Industry Standards

• Executive stock transactions are a common occurrence in publicly traded companies, and this filing is consistent with standard practices.
• The use of stock appreciation rights is a typical form of executive compensation, aligning management's interests with shareholder value.
• The sale of shares to cover tax obligations is also a standard practice when executives exercise stock options or similar instruments.
• Comparable companies would also have similar filings when their executives engage in stock transactions.

Stakeholder Impact

• The transactions may have a minor impact on the stock price, but are unlikely to be significant.
• The transactions do not directly impact employees, customers, or suppliers.

Key Dates

Keywords

stock transactions, insider trading, stock appreciation rights, common stock, Commerce Bancshares, John Kemper, executive compensation