CBSH controller files initial ownership report
Commerce Bancshares Controller Steven A. Brandjord filed an initial ownership report showing his current equity stake.
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Form Type
3
Rhea-AI Filing Summary
Commerce Bancshares Controller Steven A. Brandjord filed an initial ownership report showing his current equity stake. He holds 4,251 shares of common stock directly and 832 shares indirectly through a 401(k) plan. He also holds several stock appreciation right awards tied to future vesting dates and long-dated expirations.
Insider Trade Summary
8 transactions reported
Mixed
8 txns
Insider
BRANDJORD STEVEN A
Role
Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Appreciation Rights | -- | -- | -- |
| holding | Stock Appreciation Rights | -- | -- | -- |
| holding | Stock Appreciation Rights | -- | -- | -- |
| holding | Stock Appreciation Rights | -- | -- | -- |
| holding | Stock Appreciation Rights | -- | -- | -- |
| holding | Stock Appreciation Rights | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Appreciation Rights — 1,480 contracts (Direct);
Common Stock — 4,251 shares (Direct);
Common Stock — 832 shares (Indirect, 401(k))
Footnotes (6)
- F1. The stock appreciation right vests in four equal annual installments beginning March 3, 2021.
- F2. The stock appreciation right vests in four equal annual installments beginning March 4, 2022.
- F3. The stock appreciation right vests in four equal annual installments beginning March 3, 2023.
- F4. The stock appreciation right vests in four equal annual installments beginning March 2, 2024.
- F5. The stock appreciation right vests in four equal annual installments beginning March 1, 2025.
- F6. The stock appreciation right vests in four equal annual installments beginning March 3, 2026.
Key Figures
Direct common stock: 4,251 shares
401(k) common stock: 832 shares
SARs underlying shares (2035 expiry): 199 shares
+5 more
8 metrics
Direct common stock
4,251 shares
Total shares following transaction, direct ownership
401(k) common stock
832 shares
Total shares following transaction, indirect 401(k) ownership
SARs underlying shares (2035 expiry)
199 shares
Stock appreciation rights, exercise price $61.7333, expire 2035-03-03
SARs underlying shares (2034 expiry)
275 shares
Stock appreciation rights, exercise price $47.0930, expire 2034-03-01
SARs underlying shares (2033 expiry)
228 shares
Stock appreciation rights, exercise price $56.4604, expire 2033-03-02
SARs underlying shares (2032 expiry)
256 shares
Stock appreciation rights, exercise price $58.8232, expire 2032-03-03
SARs underlying shares (2031 expiry)
180 shares
Stock appreciation rights, exercise price $58.5372, expire 2031-03-04
SARs underlying shares (2030 expiry)
342 shares
Stock appreciation rights, exercise price $46.0788, expire 2030-03-03
Key Terms
Stock Appreciation Rights, 401(k), vests in four equal annual installments, exercise price, +1 more
5 terms
Stock Appreciation Rights financial
"security_title": "Stock Appreciation Rights""
Stock appreciation rights (SARs) are a form of employee compensation that give the holder the right to receive the increase in a company's stock price over a set baseline, paid in cash or shares, without having to buy the stock. For investors, SARs matter because they can create future cash outflows or share dilution and signal how a company rewards and motivates executives — similar to giving a bonus tied directly to how well the company’s stock performs.
401(k) financial
"nature_of_ownership": "401(k)""
A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.
vests in four equal annual installments financial
"The stock appreciation right vests in four equal annual installments beginning March 3, 2021."
exercise price financial
"conversion_or_exercise_price": "61.7333""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
expiration date financial
"expiration_date": "2035-03-03T00:00:00.000Z""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Form 3 filing by CBSH Controller Steven Brandjord show?
The Form 3 shows Steven Brandjord’s existing ownership in Commerce Bancshares common stock and stock appreciation rights. It lists direct and 401(k) holdings plus multiple long-term stock appreciation right awards that vest in stages and are exercisable over several future years.
What stock appreciation rights are reported for CBSH’s Steven Brandjord?
The filing lists several stock appreciation rights linked to Commerce Bancshares common stock, each with a specified exercise price, vesting schedule, and expiration date. These rights represent potential future value based on stock price gains above the stated exercise prices.
Do the reported CBSH stock appreciation rights for Steven Brandjord have defined vesting schedules?
Yes. Footnotes state that each stock appreciation right vests in four equal annual installments, beginning on specific March dates from 2021 through 2026. This structure gradually delivers potential value to Brandjord over multiple years, aligning with longer-term service at the company.
Does Steven Brandjord’s CBSH Form 3 indicate recent insider buying or selling?
The Form 3 is an initial ownership report and does not show recent insider buying or selling. It records Brandjord’s existing common stock holdings and outstanding stock appreciation rights as of the report date, establishing a baseline for any future reportable transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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