Senior VP at Commerce Bancshares (CBSH) reports tax-withholding share dispositions

Rhea-AI Filing Summary

Commerce Bancshares Inc. Senior Vice President Margaret M. Rowe reported tax-related share dispositions. On March 3, 2026, she disposed of 301 shares of common stock at $51.61 per share to satisfy tax withholding. On March 4, 2026, she disposed of an additional 181 shares at $52.25 per share for the same purpose. After these transactions, she held 6,603 shares of common stock directly and 17,701 shares indirectly through a 401(k) plan.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

ROWE MARGARET M

(Last) (First) (Middle)

1000 WALNUT ST

(Street)

KANSAS CITY MO 64106

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
COMMERCE BANCSHARES INC /MO/ [ CBSH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Senior Vice President

3. Date of Earliest Transaction (Month/Day/Year)
03/03/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/03/2026		F		301	D	$51.61	6,784	D
Common Stock	03/04/2026		F		181	D	$52.25	6,603	D
Common Stock								17,701	I	401(k)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	By: Paul A. Steiner For: Margaret M. Rowe	03/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did CBSH executive Margaret M. Rowe report?

Margaret M. Rowe reported two tax-withholding dispositions of Commerce Bancshares common stock. She disposed of 301 shares at $51.61 on March 3, 2026, and 181 shares at $52.25 on March 4, 2026, both to cover tax liabilities associated with equity awards.

Was the CBSH Form 4 for Margaret M. Rowe a stock sale or tax withholding?

The Form 4 for Margaret M. Rowe reflects tax-withholding dispositions, not open-market stock sales. Transaction code F indicates shares were delivered to satisfy tax liabilities tied to equity compensation, rather than discretionary buying or selling of Commerce Bancshares common stock.

How many CBSH shares does Margaret M. Rowe hold after these transactions?

After the reported transactions, Margaret M. Rowe directly holds 6,603 shares of Commerce Bancshares common stock. She also indirectly holds 17,701 shares through a 401(k) plan, as reported in the Form 4’s ownership information section.

What were the prices for Margaret M. Rowe’s CBSH tax-withholding dispositions?

The tax-withholding dispositions were priced at $51.61 and $52.25 per share. On March 3, 2026, 301 shares were disposed at $51.61, and on March 4, 2026, 181 shares were disposed at $52.25 to satisfy tax obligations on equity awards.

What role does Margaret M. Rowe hold at Commerce Bancshares (CBSH)?

Margaret M. Rowe is a Senior Vice President at Commerce Bancshares. Her position is disclosed in the Form 4 as an officer role, which is why her tax-withholding equity transactions in Commerce Bancshares common stock must be reported to the Securities and Exchange Commission.

Does the CBSH Form 4 show any insider purchases or open-market sales?

The Form 4 does not show insider purchases or open-market sales. It reports two transactions coded F, which are tax-withholding dispositions where shares of Commerce Bancshares common stock were delivered to cover tax liabilities related to stock-based compensation.