Form 4: Commerce Bancshares Executive Kim L. Jakovich Reports Stock Transactions
SEC Form 4 Filing
Senior Vice President Kim L. Jakovich of Commerce Bancshares Inc. reported multiple transactions involving company stock and stock appreciation rights on November 13, 2024.
Summary
- Kim L. Jakovich, a Senior Vice President at Commerce Bancshares Inc., reported several transactions on November 13, 2024.
- These transactions included the acquisition of 174 shares of common stock at $29.72 and 404 shares at $49.7951 through the exercise of stock appreciation rights.
- Additionally, Jakovich disposed of shares to cover tax obligations, with 30 shares sold at $72.675, 50 shares at $72.69, 72 shares at $72.675, 233 shares at $72.69, and 193 shares at $72.615.
- Following these transactions, Jakovich directly owns 8,578 shares of common stock and indirectly owns 1,287 shares through a 401(k).
- Jakovich also holds stock appreciation rights, with 174 rights exercisable from March 1, 2017, and 404 rights exercisable from March 2, 2018.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing of insider transactions, which is neither positive nor negative in itself. It reflects normal executive compensation practices.
Industry Context
This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the trading activities of company executives.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
- The transactions reported are typical for executives who receive stock-based compensation and exercise stock options or appreciation rights.
- Similar filings can be seen from executives at comparable financial institutions such as Bank of America, JP Morgan Chase, and Wells Fargo.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are routine insider transactions.
- The filing provides transparency to the market regarding executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 03/01/2017 | Date when the first tranche of 174 stock appreciation rights began vesting. |
| 03/02/2018 | Date when the first tranche of 404 stock appreciation rights began vesting. |
| 11/13/2024 | Date of the reported stock and derivative transactions. |
| 11/15/2024 | Date the Form 4 was signed. |
Keywords
Commerce Bancshares, stock transactions, stock appreciation rights, insider trading, Form 4, executive compensation, equity securities
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