Form 4: Commerce Bancshares Executive Vice President Trades Shares Following Stock Dividend
SEC Form 4 Filing
Kevin G Barth, an Executive Vice President at Commerce Bancshares, acquired and disposed of company stock following a recent 5% stock dividend.
Summary
- Kevin G Barth, an Executive Vice President at Commerce Bancshares, reported transactions involving the company's common stock.
- On December 17, 2024, Mr. Barth acquired 85 shares at a price of $67.4541 per share.
- On the same day, he sold 1,582 shares at an average price of $67.5432 per share, with sale prices ranging from $67.50 to $67.62.
- These transactions occurred after a 5% stock dividend, with a record date of December 3, 2024, and payable on December 18, 2024.
- Following these transactions, Mr. Barth directly owns 65,409 shares and indirectly owns 45,696 shares through a 401(k) and 14,774 shares by spouse and 22,442 shares through an executive compensation plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to insider trading and does not indicate any positive or negative sentiment about the company's performance.
Industry Context
This is a routine filing related to insider trading activity, which is common for executives at publicly traded companies. The transactions are likely related to the stock dividend and do not indicate any significant change in the company's outlook.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
- The transactions are typical for executives who receive stock-based compensation and may adjust their holdings for personal financial planning.
- Similar filings are made by executives at other financial institutions such as JP Morgan Chase, Bank of America, and Wells Fargo when they trade their company's stock.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are routine and do not indicate any significant change in the company's outlook.
Key Dates
| Date | Description |
|---|---|
| 12/03/2024 | Record date for the 5% stock dividend. |
| 12/17/2024 | Date of stock acquisition and disposal by Kevin G Barth. |
| 12/18/2024 | Payment date for the 5% stock dividend. |
| 12/19/2024 | Date of filing the Form 4. |
Keywords
Commerce Bancshares, stock transaction, insider trading, executive compensation, stock dividend, Form 4
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