Form 4: Commerce Bancshares Exec. Vice President David L. Orf Reports Stock Disposals
SEC Form 4 Filing
David L. Orf, Exec. Vice President & CCO of Commerce Bancshares, reports disposing of shares to cover tax obligations.
Summary
- David L. Orf, an Executive Vice President and CCO at Commerce Bancshares Inc., filed a Form 4 detailing changes in beneficial ownership.
- On March 1, 2024, Orf disposed of 431 shares of Common Stock at a price of $51.92.
- On March 4, 2024, Orf disposed of 307 shares of Common Stock at a price of $52.2.
- Following these transactions, Orf directly owns 21,242 shares of Common Stock and indirectly owns 19,184 shares through a 401(k).
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock disposals, which are common for executives.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives.
Stakeholder Impact
- The stock disposal may have a minor impact on shareholders due to the small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Disposal of 431 shares of Common Stock at $51.92. |
| 03/04/2024 | Disposal of 307 shares of Common Stock at $52.2. |
| 03/05/2024 | Date of signature for the Form 4 filing. |
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