Form 4: Commerce Bancshares SVP David L. Roller Reports Stock Transactions
SEC Form 4 Filing
David L. Roller, Senior Vice President of Commerce Bancshares, reports acquisition and disposal of company stock and stock appreciation rights on July 23, 2024.
Summary
- David L. Roller, a Senior Vice President at Commerce Bancshares Inc, filed a Form 4 detailing changes in beneficial ownership.
- On July 23, 2024, Roller exercised stock appreciation rights for 2,294 shares at a price of $29.72.
- He also disposed of 861 shares of common stock at $64.304 per share.
- Additionally, Roller disposed of 1,061 shares at $64.31 per share and 372 shares for tax withholding at $64.31.
- Following these transactions, Roller directly owns 30,949 shares of common stock and indirectly owns 1,902 shares through a 401(k).
- He also holds stock appreciation rights for 2,294 shares.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company executive, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their trading activities and potential insights into their perspectives on the company's value.
Stakeholder Impact
- The transactions may provide insights to shareholders regarding management's view on the company's stock value.
Key Dates
| Date | Description |
|---|---|
| 03/01/2017 | Stock appreciation rights vest in four equal annual installments beginning on this date. |
| 07/23/2024 | Date of the reported transactions: exercise of stock appreciation rights and disposal of common stock. |
| 07/24/2024 | Date of signature for the Form 4 filing. |
| 03/01/2026 | Expiration date of the stock appreciation rights. |
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