Form 4: Commerce Bancshares Controller Sells Shares

Paul A. Steiner, Controller at Commerce Bancshares, sold 803 shares of common stock at $72.43 per share and acquired 2,055 shares at $72.26 per share.

Summary

• Paul A. Steiner, the Controller of Commerce Bancshares, engaged in transactions involving the company's common stock on November 12, 2024.
• Steiner sold 803 shares of common stock at a price of $72.43 per share.
• He also acquired 2,055 shares of common stock at a price of $72.26 per share.
• Following these transactions, Steiner directly owns 3,086 shares and indirectly owns 6,045 shares through a 401(k).

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing insider trading activity, which is neither positive nor negative in itself.

Industry Context

This is a routine filing related to insider trading activity and is common for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the United States, as mandated by the SEC.
• Similar filings are made by executives and directors of other financial institutions such as JPMorgan Chase (JPM), Bank of America (BAC), and Wells Fargo (WFC) when they trade their company's stock.

Stakeholder Impact

• The transactions may have a minor impact on the stock price, but are unlikely to be significant.

Key Dates

Keywords

insider trading, stock transaction, common stock, Form 4, Commerce Bancshares, CBSH, Paul A. Steiner