Form 4: Executive Sells CBSH Shares in Pre-Planned Transaction

Commerce Bancshares Executive Vice President Kevin G. Barth sold 7,457 shares of common stock for approximately $55.09 per share in a pre-planned transaction.

Summary

• Executive Vice President Kevin G. Barth of Commerce Bancshares Inc. (CBSH) reported a sale of common stock.
• The transaction involved the disposition of 7,457 shares of CBSH common stock.
• The shares were sold at an average price of $55.0872 per share, with prices ranging from $55.00 to $55.25.
• The sale was executed on February 11, 2026, and was made pursuant to a Rule 10b5-1(c) plan.
• Following the transaction, Mr. Barth directly owns 44,745 shares and indirectly owns 50,251 shares in a 401(k) plan, 15,512 shares by spouse, and 23,999 shares in an Executive Compensation Plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it is a pre-planned insider sale under a 10b5-1 plan, which is a routine disclosure and not indicative of new material information.

Positives

• The sale was conducted under a Rule 10b5-1(c) plan, indicating it was pre-scheduled and not a reaction to recent non-public information.

Negatives

• An executive selling shares can sometimes be perceived negatively by the market, though the 10b5-1 plan mitigates this perception.

Industry Context

StockSavvy.ai notes that insider sales, even those pre-planned under Rule 10b5-1, are common occurrences in the financial sector as executives manage their personal portfolios and compensation. The banking industry often sees such transactions as part of routine executive financial planning.

Comparison to Industry Standards

• Insider sales are a standard part of executive compensation and personal financial management across all industries, including banking. For example, executives at peer banks like UMB Financial Corporation (UMBF) or BOK Financial Corporation (BOKF) also routinely file Form 4s for similar pre-planned stock transactions.
• The volume of shares sold by Mr. Barth represents a relatively small portion of his total beneficial ownership, which is typical for routine portfolio rebalancing rather than a significant divestment.

Related Party Transactions

• The transaction involves an executive (Kevin G. Barth) of Commerce Bancshares Inc. selling company stock, which is a related party dealing.

Stakeholder Impact

• Shareholders: The sale is a routine insider transaction and is unlikely to have a significant direct impact on other shareholders, especially given the 10b5-1 plan.

Key Dates

Recommendation

The filing details a routine, pre-planned insider sale by an executive. Such transactions, especially when conducted under a Rule 10b5-1 plan, are typically not indicative of a change in the company's fundamental outlook or performance. Therefore, this specific filing does not provide new information that would warrant a change in an existing investment thesis, leading to a 'hold' recommendation based solely on this disclosure.

Keywords

Commerce Bancshares, CBSH, Insider Sale, Form 4, Executive Compensation, Stock Transaction, Kevin G Barth, 10b5-1 Plan