Form 4: Commerce Bancshares Inc. Executive Richard W. Heise Reports Stock Disposal
SEC Form 4 Filing
Richard W. Heise, a Senior Vice President at Commerce Bancshares Inc., reported the disposal of 557 shares of common stock on March 4, 2024, to cover tax obligations.
Summary
- On March 4, 2024, Richard W. Heise, a Senior Vice President of Commerce Bancshares Inc., disposed of 557 shares of common stock.
- The transaction was executed at a price of $52.2 per share.
- This disposal was reported on a Form 4 filing with the Securities and Exchange Commission.
- Following the transaction, Heise directly owns 15,612 shares of Commerce Bancshares Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock disposal by an executive. It doesn't inherently convey positive or negative sentiment, as it's a standard practice for covering tax obligations.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency to the market regarding insider transactions.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders, as it's a small disposal of shares by an executive and doesn't indicate any fundamental change in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 03/04/2024 | Date of stock disposal transaction |
| 03/05/2024 | Date of signature on the Form 4 filing |
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