Form 4: Commerce Bancshares SVP Disposes Shares for Tax
Insider Transaction Report
Derrick Brooks, Senior Vice President at Commerce Bancshares, reported a disposition of 548 common shares to cover tax obligations related to a vesting event.
Summary
- Derrick Brooks, Senior Vice President of Commerce Bancshares, Inc. (CBSH), reported a transaction on February 2, 2026.
- The transaction involved the disposition of 548 shares of Common Stock at a price of $53.23 per share.
- This disposition was coded as 'F', indicating payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise, or vesting of a security or to the achievement of a performance condition.
- Following this transaction, Brooks beneficially owns 13,919 shares of Common Stock directly.
- All stock holding balances have been adjusted to include a 5% stock dividend, with a record date of December 2, 2025, and payable date of December 16, 2025.
- A Power of Attorney, dated August 19, 2025, authorizes Margaret M. Rowe and Paul A. Steiner to execute and file SEC documents on behalf of Derrick Brooks.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event. Form 4 filings for tax-related dispositions are standard compliance disclosures and do not typically indicate a change in company fundamentals or insider sentiment.
Future Outlook
The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.
Industry Context
StockSavvy.ai notes that insider Form 4 filings detailing tax-related dispositions of shares are routine compliance events in the financial services industry, particularly for executives whose compensation includes equity awards. These transactions typically do not reflect a change in management's outlook on the company's prospects but rather a standard mechanism for managing equity compensation.
Comparison to Industry Standards
- This type of transaction (disposition for tax withholding) is a common practice across publicly traded companies, including peers in the banking sector such as UMB Financial Corporation (UMBF) or BOK Financial Corporation (BOKF), where executives often receive equity compensation that vests over time. The mechanism for covering tax obligations upon vesting is standard.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Delegation of Authority | Derrick Brooks has granted a Power of Attorney to Margaret M. Rowe and Paul A. Steiner to act as his attorneys-in-fact for preparing, executing, and filing SEC forms (including Forms 3, 4, 5, 13D, 13G, and 144) and managing his EDGAR account. | 08/19/2025 | This streamlines the compliance process for insider reporting, ensuring timely and accurate filings on behalf of the Senior Vice President. It is a standard corporate governance practice for executives. |
Stakeholder Impact
- Shareholders: The transaction is a routine tax-related disposition and does not imply a change in the insider's confidence or the company's prospects. The 5% stock dividend benefits existing shareholders by increasing their share count proportionally.
Key Dates
| Date | Description |
|---|---|
| 08/19/2025 | Date Power of Attorney was executed by Derrick Brooks. |
| 12/02/2025 | Record date for the 5% stock dividend. |
| 12/16/2025 | Payable date for the 5% stock dividend. |
| 02/02/2026 | Date of reported transaction (disposition of common stock). |
| 02/04/2026 | Date the Form 4 was signed by Paul A. Steiner for Derrick Brooks. |
Keywords
Commerce Bancshares, CBSH, Derrick Brooks, Insider Transaction, Form 4, Stock Disposition, Tax Withholding, Stock Dividend, Senior Vice President
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