Form 4: Commerce Bancshares Exec. Vice President Charles G. Kim Reports Stock Transactions
SEC Form 4 Filing
Charles G. Kim, Executive Vice President and CFO of Commerce Bancshares, reports the acquisition and disposal of company stock and stock appreciation rights on July 30, 2024.
Summary
- Charles G. Kim, the Executive Vice President and CFO of Commerce Bancshares, filed a Form 4 detailing changes in beneficial ownership.
- On July 30, 2024, Kim exercised stock appreciation rights, acquiring 15,948 shares of common stock at a price of $26.654 per share.
- He also disposed of 4,126 shares to cover tax obligations at $65 per share.
- Additionally, Kim disposed of 6,540 shares and sold 5,282 shares at an average price of $65.0033.
- Following these transactions, Kim directly owns 89,472 shares of Commerce Bancshares common stock and indirectly owns 47,159 shares through a 401(k).
- He also holds 0 stock appreciation rights.
Sentiment
Score: 5
Explanation: This is a neutral filing reflecting standard executive stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives. This filing indicates the executive's activity in the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 01/27/2017 | Stock appreciation right vests in four equal annual installments beginning on this date. |
| 07/30/2024 | Date of stock transactions: acquisition of shares via stock appreciation rights and disposal of shares. |
| 08/01/2024 | Date of signature on the Form 4 filing. |
| 01/27/2026 | Expiration date of the stock appreciation rights. |
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