Form 4: Commerce Bancshares Executive Thomas Noack Reports Stock Disposals

Executive Vice President Thomas Noack of Commerce Bancshares Inc. reports disposing of common stock to cover tax obligations related to equity compensation.

Summary

• Thomas J. Noack, an Executive Vice President at Commerce Bancshares Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On March 1, 2024, Noack disposed of 270 shares of common stock at a price of $51.92 per share to cover taxes related to his executive compensation plan.
• On March 4, 2024, he disposed of an additional 1,093 shares at $52.20 per share for the same reason.
• Following these transactions, Noack directly owns 24,205 shares of Commerce Bancshares Inc. common stock and indirectly owns 10,546 shares through an executive compensation plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transactions have a minimal impact on stakeholders as they are related to tax obligations and do not indicate a change in the executive's long-term confidence in the company.

Key Dates