Form 4: Commerce Bancshares Executive Vice President John K. Handy Reports Stock Transactions

Executive Vice President John K. Handy of Commerce Bancshares Inc. reports the exercise of stock appreciation rights and subsequent sale of shares on September 4, 2024.

Summary

• On September 4, 2024, John K. Handy, an Executive Vice President at Commerce Bancshares Inc., executed transactions involving stock appreciation rights and common stock.
• Handy exercised stock appreciation rights, acquiring 1,331 shares at $43.9894 and 5,981 shares at $47.5287.
• Following the exercise of these rights, Handy sold 1,331 shares of common stock at $63.80.
• Handy also disposed of 5,368 shares at $63.87 to cover tax obligations.
• After these transactions, Handy directly owns 41,548 shares of Commerce Bancshares Inc. common stock.
• Handy also indirectly owns 1,795 shares through his daughter, 2,392 shares through his son, and 9,211 shares through his spouse.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it's a standard disclosure of stock transactions by an executive. There's no indication of positive or negative sentiment towards the company's prospects.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings for insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the effect is likely minimal given the relatively small number of shares involved.

Key Dates