Form 4: Commerce Bancshares Controller Reports Transactions in Company Stock

Paul A. Steiner, Controller of Commerce Bancshares, reports acquisition and disposal of company stock and stock appreciation rights.

Summary

• Paul A. Steiner, Controller of Commerce Bancshares Inc., filed a Form 4 detailing changes in beneficial ownership of the company's securities.
• On March 3, 2025, Steiner acquired 385 shares of Common Stock at $0 and 1,271 Stock Appreciation Rights (SARs) with an exercise price of $64.82, vesting in four equal annual installments beginning March 3, 2026.
• On March 4, 2025, Steiner disposed of 115 shares of Common Stock at a price of $62.75.
• Following these transactions, Steiner directly owns 3,507 shares of Common Stock and indirectly owns 6,045 shares through a 401(K).
• Steiner also directly owns 1,271 Stock Appreciation Rights.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing reflecting insider transactions. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information about stock ownership changes.

Future Outlook

The stock appreciation right vests in four equal annual installments beginning March 3, 2026.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• The transactions may have a minor impact on the stock price, depending on market perception.

Key Dates