Form 4: Commerce Bancshares Director Jonathan M. Kemper Reports Acquisition of Common Stock
SEC Form 4 Filing
Director Jonathan M. Kemper reports acquiring 762 shares of Commerce Bancshares Inc. common stock at $61.9298 per share on September 23, 2024.
Summary
- On September 23, 2024, Jonathan M. Kemper, a director of Commerce Bancshares Inc., acquired 762 shares of common stock at a price of $61.9298 per share.
- Following this transaction, Kemper's directly held common stock amounts to 997,305 shares.
- Kemper also indirectly owns shares through various entities, including an Executive Compensation Plan (77,587 shares), a 401(k) (21,532 shares), the Charlotte Kemper Irrevocable Trust (11,665 shares), the David BR Kemper Irrevocable Trust (45,541 shares), an Irrevocable Trust For Self (8,018 shares), the Nicolas Kemper Irrevocable Trust (38,354 shares), the Nicolas Kemper Trust (257,680 shares), and Tower Properties Co (38,354 shares).
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine disclosure of a stock transaction by a company director. While insider buying can be seen as a positive signal, it's not overwhelmingly so without additional context.
Positives
- The acquisition of shares by a director could be interpreted positively, signaling confidence in the company's future prospects.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities, providing investors with insights into the actions of company insiders.
Comparison to Industry Standards
- Comparing Kemper's holdings and transactions to those of other directors in similar regional banks would provide a benchmark for assessing the significance of this transaction.
- Analyzing the frequency and size of insider transactions across the banking sector can offer insights into overall market sentiment and company-specific performance expectations.
Stakeholder Impact
- Shareholders may view the director's stock purchase as a positive sign of confidence in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 09/23/2024 | Date of transaction: Jonathan M. Kemper acquired shares of Commerce Bancshares Inc. |
| 09/25/2024 | Date of signature on the Form 4 filing. |
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