Form 4: Commerce Bancshares Director Jonathan M. Kemper Boosts Stake with Recent Stock Acquisition

Jonathan M. Kemper, a Director at Commerce Bancshares Inc. (CBSH), acquired 515 shares of common stock at $63.01 per share, increasing his direct beneficial ownership to over 1 million shares.

Summary

• Jonathan M. Kemper, a Director of Commerce Bancshares Inc. (CBSH), reported an acquisition of common stock.
• The transaction occurred on May 30, 2025, involving the purchase of 515 shares.
• Each share was acquired at a price of $63.01.
• Following this transaction, Mr. Kemper directly beneficially owns 1,059,638 shares of Common Stock.
• Additionally, Mr. Kemper holds significant indirect beneficial ownership through various entities, including 38,346 shares in a 401(k), 12,248 shares via the David BR Kemper Irrev Trust, 185,714 shares through an Exec Comp Plan, 47,818 shares in an Irrev Trust For Self, 8,418 shares in the Nicolas Kemper Irrev Trust, 40,271 shares in the Nicolas Kemper Trust, and 270,564 shares through Tower Properties Co.

Sentiment

Score: 7

Explanation: The acquisition of additional shares by a director is generally viewed positively as it indicates confidence in the company's future prospects, though the transaction size is relatively small compared to the director's total holdings.

Positives

• The acquisition of additional shares by a director signals confidence in the company's future performance and valuation.
• Increased insider ownership aligns management's interests more closely with those of shareholders.

Future Outlook

This Form 4 filing is a disclosure of an insider transaction and does not contain forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

Insider buying, particularly by a director, in the banking sector can be interpreted as a positive signal, suggesting that those with intimate knowledge of the company and industry believe the stock is undervalued or has strong growth prospects. This transaction is a routine disclosure for public companies and reflects an individual's investment decision within the broader financial services landscape.

Related Party Transactions

• Jonathan M. Kemper holds indirect beneficial ownership through various trusts (David BR Kemper Irrev Trust, Irrev Trust For Self, Nicolas Kemper Irrev Trust, Nicolas Kemper Trust) and Tower Properties Co., which are typically considered related parties.

Stakeholder Impact

• Shareholders may view this insider purchase as a positive indicator of management's confidence in the company's value and future performance.

Key Dates

Keywords

Commerce Bancshares, CBSH, Jonathan M. Kemper, Insider Trading, Stock Acquisition, Director, Form 4, Beneficial Ownership, Banking Sector