Form 4: Commerce Bancshares Inc. Executive Derrick Brooks Reports Stock Transactions
SEC Form 4 Filing
Senior Vice President Derrick Brooks of Commerce Bancshares Inc. reports multiple transactions involving common stock and stock appreciation rights on February 3rd and 4th, 2025.
Summary
- Derrick Brooks, a Senior Vice President at Commerce Bancshares Inc., filed a Form 4 detailing changes in beneficial ownership.
- On February 3, 2025, Brooks engaged in multiple transactions involving Commerce Bancshares common stock, including the disposition of shares to cover tax obligations and the exercise of stock appreciation rights.
- Specifically, 93 shares were disposed of at $65.87, 15 shares at $65.46, 261 shares at $65.46, and 28 shares at $65.48.
- Additionally, 304 shares were acquired through the exercise of stock appreciation rights at a price of $56.1166.
- On February 4, 2025, Brooks disposed of 175 shares at $66.858.
- Following these transactions, Brooks directly owns 13,779 shares of Commerce Bancshares Inc. common stock.
- The reported transactions also involve stock appreciation rights, with 304 rights exercised.
- The stock appreciation rights were granted on February 2, 2022, and vest in four equal annual installments, expiring on February 2, 2031.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral. It reflects standard insider trading activity.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their trading activities and holdings in the company's stock. These filings are closely watched by investors seeking insights into management's perspective on the company's value and future prospects.
Comparison to Industry Standards
- Insider trading activity is common across publicly listed companies, and Form 4 filings are the standard mechanism for reporting such transactions.
- The transactions reported by Derrick Brooks are typical for executives who receive stock options or appreciation rights as part of their compensation packages.
- Comparable companies in the financial services sector, such as Bank of America (BAC) or JPMorgan Chase (JPM), also have frequent Form 4 filings from their executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly diluting the stock or signaling insider sentiment, but the effect is likely minimal given the small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 02/02/2022 | Date the stock appreciation right vests in four equal annual installments beginning February 2, 2022. |
| 02/03/2025 | Date of multiple transactions involving common stock and stock appreciation rights. |
| 02/04/2025 | Date of disposition of 175 shares of common stock. |
| 02/05/2025 | Date of signature on the Form 4 filing. |
| 02/02/2031 | Expiration date of the stock appreciation rights. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.