Form 4: Commerce Bancshares Controller Paul A. Steiner Reports Transactions
SEC Form 4 Filing
Paul A. Steiner, Controller of Commerce Bancshares, reports acquisition and disposal of common stock and stock appreciation rights on July 31, 2024.
Summary
- On July 31, 2024, Paul A. Steiner, Controller of Commerce Bancshares, reported transactions involving the company's common stock and stock appreciation rights.
- Steiner acquired 685 shares of common stock at a price of $29.72.
- He also disposed of 113 shares at $65.56 and 311 shares at $65.56.
- Following these transactions, Steiner directly owns 3,889 shares of common stock and indirectly owns 7,923 shares through a 401(K).
- Steiner also transacted 685 Stock Appreciation Rights with an exercise price of $29.72.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing insider transactions, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities, allowing investors to monitor the actions of company insiders.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of a company insider.
Key Dates
| Date | Description |
|---|---|
| 03/01/2017 | Stock appreciation right vests in four equal annual installments beginning on this date. |
| 07/31/2024 | Date of the reported transactions (acquisition and disposal of common stock and stock appreciation rights). |
| 08/02/2024 | Date of signature on the report. |
| 03/01/2026 | Expiration date of the stock appreciation rights. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.