Form 4: Commerce Bancshares Executive Chairman Sells Shares in Multiple Transactions

David W. Kemper, Executive Chairman of Commerce Bancshares, sold 4,500 shares of common stock across three transactions on December 5, 2024.

Summary

• David W. Kemper, the Executive Chairman of Commerce Bancshares, sold a total of 4,500 shares of the company's common stock on December 5, 2024.
• The sales were executed in three separate transactions, each involving 1,500 shares.
• The prices per share varied slightly, with sales at $69.2017, $69.2022, and $69.2516.
• Following these transactions, Mr. Kemper directly owns 1,209,593 shares of Commerce Bancshares common stock.
• He also has indirect ownership through various trusts and plans, including the EC Kemper Rev Trust, Exec Comp Plan, JW Kemper Rev Trust, Tower Properties Co, WL Kemper Irrev Trust, and CB Kemper Rev Trust.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock sales by an executive, with no indication of positive or negative sentiment.

Industry Context

This is a routine filing related to insider trading activity. It is common for executives to periodically sell shares for personal financial management.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders and are required by the SEC.
• The transactions are relatively small compared to the total holdings of the executive chairman.
• Similar filings are made by executives at other publicly traded companies when they buy or sell shares.

Stakeholder Impact

• The stock sales may have a minor impact on the share price, but are unlikely to significantly affect stakeholders.

Key Dates

Keywords

Commerce Bancshares, David W. Kemper, stock sale, executive chairman, insider trading, share transaction