Form 4: Commerce Bancshares CEO John W. Kemper Sells Shares
SEC Form 4
John W. Kemper, President and CEO of Commerce Bancshares, recently sold 26,581 shares of common stock at an average price of $56.7725.
Summary
- On May 10, 2024, John W. Kemper, the President and CEO of Commerce Bancshares, sold 26,581 shares of the company's common stock.
- The sale price averaged $56.7725 per share, with prices ranging from $56.54 to $57.17.
- Following the transaction, Kemper directly owns 198,387 shares of Commerce Bancshares common stock.
- Kemper also indirectly owns 257,680 shares through Tower Properties Co.
Sentiment
Score: 5
Explanation: The sentiment is neutral. It's a standard disclosure of a stock sale by an insider, which doesn't inherently indicate positive or negative sentiment about the company's future.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like the CEO, trade their company's stock. These filings are closely watched by investors for insights into management's perspective on the company's value and future prospects.
Stakeholder Impact
- The sale of shares by the CEO could be perceived negatively by some shareholders, potentially leading to a slight decrease in stock price, although this is often a short-term reaction.
Key Dates
| Date | Description |
|---|---|
| 05/10/2024 | Date of the stock sale transaction. |
| 05/14/2024 | Date of signature on the Form 4 filing. |
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