Form 4: Commerce Bancshares Director Acquires Shares in Recent Transaction
SEC Form 4 Filing
Director Earl H. Devanny III acquired 432 shares of Commerce Bancshares Inc. common stock at a price of $52.04 on February 29, 2024.
Summary
- On February 29, 2024, Earl H. Devanny III, a director of Commerce Bancshares Inc., acquired 432 shares of common stock.
- The purchase price was $52.04 per share.
- Following the transaction, Devanny directly owns 28,186 shares of Commerce Bancshares Inc.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. A director purchasing shares suggests confidence, but it's a relatively small transaction.
Positives
- A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
Insider transactions are closely monitored as they can provide insights into a company's performance and future prospects. Director's purchases are often seen as a positive sign.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 02/29/2024 | Date of transaction: Earl H. Devanny III acquired 432 shares of Commerce Bancshares Inc. common stock. |
| 03/01/2024 | Date of signature on the Form 4 filing. |
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