Form 4: Commerce Bancshares SVP Patricia Kellerhals Sells 2,000 Shares

Patricia R. Kellerhals, Senior Vice President of Commerce Bancshares, sold 2,000 shares of common stock at a price of $62.228 per share on September 16, 2024.

Summary

• Patricia R. Kellerhals, a Senior Vice President at Commerce Bancshares Inc, reported a transaction involving the company's common stock.
• On September 16, 2024, Kellerhals sold 2,000 shares of common stock.
• The sale price was $62.228 per share.
• Following the transaction, Kellerhals directly owns 23,381 shares of Commerce Bancshares Inc.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports a transaction. It doesn't indicate positive or negative outlook for the company.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders, like officers and directors, trade their company's stock. These filings are closely watched by investors seeking insights into management's perspective on the company's valuation and future prospects.

Stakeholder Impact

• The sale of shares by a company insider can sometimes be interpreted negatively by shareholders, as it may suggest a lack of confidence in the company's future performance, but it can also be for personal diversification.

Key Dates