Commerce Bancshares CEO exercises rights, sells shares
John W. Kemper, President and CEO of Commerce Bancshares Inc (CBSH), exercised Stock Appreciation Rights covering 26,386 shares of common stock on 2026-07-29.
Rhea-AI Filing Summary
John W. Kemper, President and CEO of Commerce Bancshares Inc (CBSH), exercised Stock Appreciation Rights covering 26,386 shares of common stock on 2026-07-29. Related transactions used shares to pay exercise price or tax liability, returned shares to the issuer, and included a sale of 5,830 shares at prices between $60.565 and $60.62 per share. The filing also reports 284,092 shares of common stock held indirectly through Tower Properties Co, and the Rule 10b5-1 trading plan checkbox was not marked.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
10 txns
Insider
Kemper John W
Role
President and CEO
Sold
5,830 shs ($353K)
Approx. gross sale proceeds
$353K
Approx. exercise cost
$1.02M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Appreciation Rights F2 | 10,289 | $0.00 | $0.00 |
| Exercise | Stock Appreciation Rights F3 | 16,097 | $0.00 | $0.00 |
| Exercise | Common Stock | 10,289 | $36.4398 | $375K |
| Exercise | Common Stock | 16,097 | $39.8997 | $642K |
| Exercise Price or Tax Liability | Common Stock | 1,618 | $60.68 | $98K |
| Exercise Price or Tax Liability | Common Stock | 2,165 | $60.63 | $131K |
| Disposition | Common Stock | 6,179 | $60.68 | $375K |
| Disposition | Common Stock | 10,594 | $60.63 | $642K |
| Sale | Common Stock F1 | 5,830 | $60.5815 | $353K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Appreciation Rights — 0 contracts (Direct);
Common Stock — 206,528 shares (Direct);
Common Stock — 284,092 shares (Indirect, Tower Properties Co)
Footnotes (3)
- F1. Sale prices ranged from $60.565 to $60.62.
- F2. The stock appreciation right vests in four equal annual installments beginning January 31, 2018.
- F3. The stock appreciation right vests in four equal annual installments beginning January 24, 2019.
Key Figures
SARs exercised (underlying shares): 26,386 shares
Common shares sold: 5,830 shares
Shares used for exercise price or tax liability: 3,783 shares
+3 more
6 metrics
SARs exercised (underlying shares)
26,386 shares
Total common shares underlying Stock Appreciation Rights exercised on 2026-07-29
Common shares sold
5,830 shares
Sale of common stock on 2026-07-29 at $60.565–$60.62 per share
Shares used for exercise price or tax liability
3,783 shares
Total shares in two code F transactions on 2026-07-29
Disposition to issuer (1)
6,179 shares
Code D disposition to issuer at $60.6800 per share on 2026-07-29
Disposition to issuer (2)
10,594 shares
Code D disposition to issuer at $60.6300 per share on 2026-07-29
Indirectly held common shares
284,092 shares
Common stock held indirectly through Tower Properties Co after reported transactions
Key Terms
Stock Appreciation Rights, Payment of exercise price or tax liability, Disposition to issuer, Sale in open market or private transaction
4 terms
Stock Appreciation Rights financial
"security_title: Stock Appreciation Rights; 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.
Payment of exercise price or tax liability financial
"transaction_code_description: Payment of exercise price or tax liability by delivering or withholding"
Disposition to issuer financial
"transaction_code_description: Disposition to issuer for common stock on 2026-07-29"
Sale in open market or private transaction financial
"transaction_code_description: Sale in open market or private transaction for code S"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did CBSH President and CEO John W. Kemper report on July 29, 2026?
John W. Kemper reported exercising Stock Appreciation Rights covering 26,386 shares of Commerce Bancshares common stock. He then used some shares to satisfy exercise price or tax obligations, returned others to the issuer, and sold 5,830 shares in a coded “S” sale transaction.
Were the July 29, 2026 CBSH insider transactions under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 trading plan checkbox is shown as not checked. That indicates the reported exercises, withholdings, dispositions, and sale were not affirmatively reported as being made pursuant to a Rule 10b5-1 or similar pre-arranged trading plan.
What were the exercise prices of the Stock Appreciation Rights reported by CBSH’s CEO?
The CEO exercised Stock Appreciation Rights covering 10,289 shares at an exercise price of $36.4398 per share and 16,097 shares at $39.8997 per share. Both derivative positions converted into Commerce Bancshares common stock on 2026-07-29.
AI-generated analysis. How Rhea-AI works. Not financial advice.
