Form 4: Commerce Bancshares Exec. VP David L. Orf Reports Stock Sale
SEC Form 4 Filing
David L. Orf, Exec. Vice President & CCO of Commerce Bancshares, sold 2,102 shares of common stock at $64.83 per share on July 30, 2024.
Summary
- On July 30, 2024, David L. Orf, an Exec. Vice President & CCO at Commerce Bancshares Inc, sold 2,102 shares of the company's common stock.
- The sale price was $64.83 per share.
- Following the transaction, Orf directly owns 19,140 shares of Commerce Bancshares common stock.
- Orf also indirectly owns 20,036 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of an insider stock sale. It doesn't inherently indicate positive or negative sentiment about the company's future prospects.
Industry Context
This Form 4 filing is a routine disclosure of insider trading activity, which is common among corporate executives. It provides transparency to investors regarding the buying and selling of company stock by its officers.
Stakeholder Impact
- The sale of shares by an executive may cause some investors to question the executive's confidence in the company, but it is a relatively small transaction.
Key Dates
| Date | Description |
|---|---|
| 07/30/2024 | Date of transaction: Sale of 2,102 shares of common stock. |
| 07/31/2024 | Date of signature for the Form 4 filing. |
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