Form 4: Commerce Bancshares Director Jonathan Kemper Acquires Additional Shares

Jonathan M. Kemper, a Director at Commerce Bancshares Inc., has acquired 820 shares of common stock at a price of $62.3136 per share, increasing his beneficial ownership.

Summary

• Jonathan M. Kemper, a Director of Commerce Bancshares Inc. (CBSH), acquired 820 shares of common stock.
• The transaction occurred on June 24, 2025, at a price of $62.3136 per share.
• This acquisition was made indirectly through an Executive Compensation Plan.
• Following this transaction, Mr. Kemper's total beneficial ownership in Commerce Bancshares Inc. stands at 1,663,337 shares, held directly and indirectly through various trusts and plans.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged purchase.

Sentiment

Score: 7

Explanation: The acquisition of shares by a director generally indicates confidence in the company's future performance, which is a positive signal for investors. The transaction being part of a 10b5-1 plan suggests a pre-planned investment strategy.

Positives

• Insider acquisition of shares, which can signal confidence in the company's future prospects by a key executive.
• The transaction was executed under a Rule 10b5-1(c) plan, suggesting a pre-planned investment strategy rather than a reaction to immediate market conditions.

Future Outlook

This Form 4 filing does not provide forward-looking statements or guidance regarding the company's future outlook.

Industry Context

Commerce Bancshares Inc. operates in the financial services sector, specifically banking. Insider transactions like this acquisition by a director are common disclosures in the industry, providing transparency into executive holdings and confidence levels.

Comparison to Industry Standards

• This Form 4 filing, detailing an insider stock acquisition, is a standard regulatory disclosure for publicly traded companies.
• The transaction itself, an acquisition of shares by a director, aligns with typical insider investment activities observed across the banking sector.
• No specific comparable companies or projects are detailed within this filing to allow for a direct performance comparison.

Related Party Transactions

• The filing discloses indirect beneficial ownership through various trusts (David BR Kemper Irrev Trust, Irrev Trust For Self, Nicolas Kemper Irrev Trust, Nicolas Kemper Trust) and an entity (Tower Properties Co), which are considered related parties for disclosure purposes.

Stakeholder Impact

• Shareholders may view the director's acquisition of additional shares as a positive sign of management's confidence in the company's value and future prospects.
• Employees, customers, suppliers, and creditors are not directly impacted by this specific insider transaction disclosure.

Key Dates

Keywords

Commerce Bancshares, CBSH, Jonathan M. Kemper, Insider Trading, Stock Acquisition, Director, SEC Form 4, Beneficial Ownership, Rule 10b5-1, Financial Services, Banking