Commerce Bancshares SVP reports 1,630-share stake
Senior Vice President Jennifer B. Upton reports existing stock appreciation rights and 1,630 directly held CBSH common shares in an initial ownership filing.
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Form Type
3
Rhea-AI Filing Summary
COMMERCE BANCSHARES INC (CBSH) reported an initial ownership filing for Senior Vice President Jennifer B. Upton. The filing lists multiple outstanding stock appreciation rights tied to common stock, with exercise prices ranging from $37.9095 to $61.7333 and expirations from March 2, 2027 to March 3, 2035, and shows 1,630 shares of common stock held directly. All entries are holdings, not new purchases or sales.
Insider Trade Summary
8 transactions reported
Mixed
8 txns
Insider
UPTON JENNIFER B
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Appreciation Rights F1 | -- | -- | -- |
| holding | Stock Appreciation Rights F2 | -- | -- | -- |
| holding | Stock Appreciation Rights F3 | -- | -- | -- |
| holding | Stock Appreciation Rights F4 | -- | -- | -- |
| holding | Stock Appreciation Rights F5 | -- | -- | -- |
| holding | Stock Appreciation Rights F6 | -- | -- | -- |
| holding | Stock Appreciation Rights F7 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Appreciation Rights — 1,995 contracts (Direct);
Common Stock — 1,630 shares (Direct)
Footnotes (7)
- F1. The stock appreciation right vests in four equal annual installments beginning March 2, 2018.
- F2. The stock appreciation right vests in four equal annual installments beginning March 1, 2019.
- F3. The stock appreciation right vests in four equal annual installments beginning March 1, 2020.
- F4. The stock appreciation right vests in four equal annual installments beginning March 4, 2022.
- F5. The stock appreciation right vests in four equal annual installments beginning March 2, 2024.
- F6. The stock appreciation right vests in four equal annual installments beginning March 1, 2025.
- F7. The stock appreciation right vests in four equal annual installments beginning March 3, 2026.
Key Figures
Directly held common shares: 1,630 shares
SAR exercise price: $37.9095
SAR exercise price: $39.1416
+2 more
5 metrics
Directly held common shares
1,630 shares
Common stock held directly by Jennifer B. Upton as of September 1, 2026
SAR exercise price
$37.9095
Stock appreciation rights over 220 underlying common shares expiring March 2, 2027
SAR exercise price
$39.1416
Stock appreciation rights over 220 underlying common shares expiring March 1, 2028
Largest SAR underlying grant
458 shares
Underlying CBSH common shares for SARs with a $56.4604 exercise price expiring March 2, 2033
Latest SAR expiration
March 3, 2035
Expiration date of SARs with a $61.7333 exercise price over 266 underlying shares
Key Terms
Stock Appreciation Rights, underlying security, vests in four equal annual installments
3 terms
Stock Appreciation Rights financial
"The stock appreciation right vests in four equal annual installments"
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.
underlying security financial
"underlying security title: Common Stock for the stock appreciation rights"
vests in four equal annual installments financial
"The stock appreciation right vests in four equal annual installments"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Form 3 filing disclose for CBSH insider Jennifer B. Upton?
The Form 3 shows that Senior Vice President Jennifer B. Upton holds 1,630 shares of CBSH common stock directly and several outstanding stock appreciation rights (SARs) on common stock with various exercise prices and expiration dates; it reports holdings only, not recent trades.
What stock appreciation rights does Jennifer B. Upton hold in CBSH?
She holds several CBSH stock appreciation rights over common stock, including grants with exercise prices of $37.9095, $39.1416, $44.7942, $58.5372, $56.4604, $47.0930 and $61.7333, each linked to specific numbers of underlying shares and expiration dates through March 3, 2035.
Are there any CBSH insider stock purchases or sales reported in this Form 3?
No. The Form 3 for CBSH lists holdings only: existing common stock and stock appreciation rights for Jennifer B. Upton. It does not report any purchases, sales, exercises, or other transactions on September 1, 2026.
When do Jennifer B. Upton’s CBSH stock appreciation rights expire?
Her reported CBSH stock appreciation rights expire on dates ranging from March 2, 2027 for the earliest grant to March 3, 2035 for the latest grant, depending on the specific award.
AI-generated analysis. How Rhea-AI works. Not financial advice.
