Form 4: Commerce Bancshares Executive Sells Shares for Tax

David W. Kemper, Executive Chairman of Commerce Bancshares, disposed of 1,098 shares of common stock for tax purposes.

Summary

• David W. Kemper, Executive Chairman and Director of Commerce Bancshares Inc. (CBSH), reported a transaction on January 28, 2026.
• Kemper disposed of 1,098 shares of Common Stock at a price of $52.66 per share.
• The transaction code 'F' indicates that these shares were withheld to cover tax liabilities incident to the vesting of securities.
• Following this transaction, Kemper directly beneficially owns 1,267,628 shares of Common Stock.
• Additionally, Kemper indirectly beneficially owns shares through various trusts and entities, totaling 489,010 shares (42,866 via CB Kemper Rev Trust, 42,487 via EC Kemper Rev Trust, 26,156 via Exec Comp Plan, 51,618 via JW Kemper Rev Trust, 284,092 via Tower Properties Co, 17,932 via WL Kemper Irrev Trust, and 24,911 via WL Kemper Rev Trust).

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The disposition of shares is for tax purposes, which is a routine administrative action and does not indicate a change in the executive's investment sentiment or the company's performance.

Future Outlook

The filing does not contain any forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those coded 'F' for tax withholding, are routine disclosures in the financial services industry and typically do not reflect a change in management's outlook on the company's prospects. Such transactions are common for executives receiving equity compensation.

Stakeholder Impact

• Shareholders: The transaction is a routine tax-related disposition and is unlikely to have a significant impact on shareholder sentiment or the company's valuation.

Key Dates

Recommendation

The transaction reported is a routine tax-related disposition of a relatively small number of shares by an executive. It does not provide new information that would warrant a change in investment recommendation for Commerce Bancshares Inc. Investors should continue to hold based on broader company fundamentals and market conditions, not this specific insider filing.

Keywords

Commerce Bancshares, CBSH, David W. Kemper, Insider Transaction, Form 4, Executive Chairman, Stock Sale, Tax Withholding