Form 4: Commerce Bancshares Director Jonathan M. Kemper Reports Acquisition of 200 Shares

Director Jonathan M. Kemper reports the acquisition of 200 shares of Commerce Bancshares Inc. common stock at $62.5 per share on October 31, 2024.

Summary

• On October 31, 2024, Jonathan M. Kemper, a director of Commerce Bancshares Inc., acquired 200 shares of common stock at a price of $62.5 per share.
• Following this transaction, Kemper's total beneficial ownership includes direct and indirect holdings.
• The reported indirect holdings include shares held in a 401(k), David BR Kemper Irrev Trust, Exec Comp Plan, Irrev Trust For Self, Nicolas Kemper Irrev Trust, Nicolas Kemper Trust and Tower Properties Co.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it is a standard disclosure of a stock transaction by a company director. The transaction itself is relatively small and doesn't necessarily indicate a strong positive or negative outlook.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track confidence levels and potential alignment of interests.

Comparison to Industry Standards

• Monitoring insider transactions is a common practice in financial analysis.
• Comparing Kemper's transactions to those of other directors at Commerce Bancshares and peer institutions (e.g., U.S. Bancorp, Bank of America) can provide insights into relative valuation and sentiment.
• For example, if other directors are also buying shares, it could signal a positive outlook on the company's future performance.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment due to the director's increased investment in the company.

Key Dates