Form 4: Commerce Bancshares SVP Paula Petersen Reports Stock Transactions

Senior Vice President Paula S. Petersen of Commerce Bancshares Inc. reports transactions involving common stock and stock appreciation rights.

Summary

• Paula S. Petersen, a Senior Vice President at Commerce Bancshares Inc., filed a Form 4 detailing changes in beneficial ownership.
• On March 4, 2024, Petersen exercised stock appreciation rights for 1,705 shares at a price of $27.3253.
• She acquired 1,705 shares of common stock upon exercising these rights.
• Petersen also disposed of 245 shares and 893 shares of common stock on March 4, 2024, at a price of $52.23.
• Following these transactions, Petersen directly owns 35,652 shares of common stock and indirectly owns 4,449 shares through a 401(k).
• The stock appreciation rights vested in four equal annual installments beginning on March 5, 2015.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the trading activities of company executives.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a company insider.
• The filing ensures transparency and compliance with SEC regulations.

Key Dates