Form 4: Commerce Bancshares Executive Douglas Neff Reports Stock Transactions
SEC Form 4 Filing
Senior Vice President Douglas Neff of Commerce Bancshares Inc. reported multiple transactions involving company stock, including acquisitions and disposals, on November 12, 2024.
Summary
- Douglas Neff, a Senior Vice President at Commerce Bancshares Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On November 12, 2024, Neff acquired 2,132 shares of common stock at $29.72 per share through the exercise of stock appreciation rights.
- He also disposed of 365 shares at $72.12 per share to cover tax obligations, and another 879 shares at $72.12 per share.
- Additionally, 888 shares were sold at $72.098 per share.
- Following these transactions, Neff directly owns 8,038 shares of common stock and indirectly owns 629 shares through a 401(k).
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment. It is a routine filing.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common for executives of publicly traded companies. It provides transparency into the transactions of company insiders.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
- The transactions reported are typical for executives who receive stock-based compensation and may sell shares to cover taxes or for personal financial planning.
- Similar filings are made by executives at other financial institutions such as JP Morgan Chase, Bank of America, and Wells Fargo, reflecting similar compensation and trading patterns.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are routine and do not indicate a change in the company's fundamentals.
- The transactions are part of the executive's compensation and personal financial planning.
Key Dates
| Date | Description |
|---|---|
| 03/01/2017 | The stock appreciation right vests in four equal annual installments beginning on this date. |
| 11/12/2024 | Date of the reported stock transactions. |
| 11/13/2024 | Date the Form 4 was signed. |
| 03/01/2026 | Expiration date of the stock appreciation rights. |
Keywords
Form 4, stock transactions, beneficial ownership, Commerce Bancshares, Douglas Neff, stock appreciation rights, insider trading
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