Form 4: Commerce Bancshares SVP Paula S. Petersen Reports Stock Transactions
SEC Form 4 Filing
Senior Vice President of Commerce Bancshares, Paula S. Petersen, reports the exercise of stock appreciation rights and subsequent stock transactions.
Summary
- Paula S. Petersen, a Senior Vice President at Commerce Bancshares Inc, reported transactions involving Commerce Bancshares common stock on January 27, 2025.
- These transactions included the exercise of 2,001 stock appreciation rights at a price of $25.7351, resulting in the acquisition of 2,001 shares of common stock.
- Petersen also disposed of 435 shares and 770 shares to cover tax obligations at a price of $66.92.
- Following these transactions, Petersen directly owns 36,693 shares of Commerce Bancshares common stock and indirectly owns 4,683 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common in the financial services industry.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies like Commerce Bancshares, similar to filings made by executives at comparable regional banks such as U.S. Bancorp (USB) or PNC Financial Services (PNC).
- The transactions reported are typical for executives exercising stock options or rights as part of their compensation packages, aligning with industry norms for executive compensation.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 03/03/2016 | Beginning date of vesting for stock appreciation rights in four equal annual installments. |
| 12/03/2024 | Record date of 5% stock dividend. |
| 12/18/2024 | Payable date of 5% stock dividend. |
| 01/27/2025 | Date of stock appreciation rights exercise and stock transactions. |
| 01/29/2025 | Date of signature on the Form 4 filing. |
| 03/03/2025 | Expiration date of the stock appreciation rights. |
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