Form 4: Commerce Bancshares Executive Vice President Holmes Reports Stock Transactions
SEC Form 4
Executive Vice President Robert S. Holmes of Commerce Bancshares Inc. reports the acquisition and disposal of common stock and stock appreciation rights on July 25, 2024.
Summary
- Robert S. Holmes, an Executive Vice President at Commerce Bancshares Inc., filed a Form 4 detailing changes in beneficial ownership.
- On July 25, 2024, Holmes engaged in multiple transactions involving Commerce Bancshares common stock and stock appreciation rights.
- These transactions included the exercise of stock appreciation rights and the sale of common stock.
- The stock appreciation rights were exercised at prices of $40.1749, $43.9894, and $47.5287.
- The sales of common stock occurred at a price of $64.7503, with sale prices ranging from $64.75 to $64.76.
- Following these transactions, Holmes directly owns 50,293 shares of Commerce Bancshares common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral. It simply reports transactions.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. These filings are monitored by investors to gain insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of a company executive.
Key Dates
| Date | Description |
|---|---|
| 01/31/2018 | First vesting date of stock appreciation rights acquired on 07/25/2024 at $40.1749. |
| 01/24/2019 | First vesting date of stock appreciation rights acquired on 07/25/2024 at $43.9894. |
| 01/23/2020 | First vesting date of stock appreciation rights acquired on 07/25/2024 at $47.5287. |
| 07/25/2024 | Date of transactions involving common stock and stock appreciation rights. |
| 01/31/2027 | Expiration date of stock appreciation rights acquired on 07/25/2024 at $40.1749. |
| 01/24/2028 | Expiration date of stock appreciation rights acquired on 07/25/2024 at $43.9894. |
| 01/23/2029 | Expiration date of stock appreciation rights acquired on 07/25/2024 at $47.5287. |
| 07/29/2024 | Date of signature for the Form 4 filing. |
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