Director Todd R. Schnuck awarded 809 Commerce Bancshares (CBSH) shares

Rhea-AI Filing Summary

Commerce Bancshares director Todd R. Schnuck reported an award of 809 shares of common stock, labeled as a grant or other acquisition at a reference price of $50.99 per share. Following this award, his directly held balance is 33,345 shares. A footnote explains that all reported stock balances were adjusted to reflect a 5% stock dividend with a record date of December 2, 2025 and payable on December 16, 2025.

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^*

Schnuck Todd R

(Last) (First) (Middle)

1000 WALNUT ST., 7TH FLOOR

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/28/2026

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	02/28/2026		A		809	A	$50.99	33,345(1)	D

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:

1. All stock holding balances adjusted to include a 5% stock dividend. Record date of 12/2/2025, payable 12/16/2025.

	By: Paul A. Steiner For: Todd R. Schnuck	03/02/2026
	** 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).
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FAQ

What insider transaction did Commerce Bancshares (CBSH) report for Todd R. Schnuck?

Commerce Bancshares reported that director Todd R. Schnuck received an award of 809 shares of common stock. The transaction was coded as a grant or other acquisition, increasing his directly held position to 33,345 shares after the award.

Was the Commerce Bancshares (CBSH) insider transaction a purchase or a grant?

The transaction was reported as a grant or other acquisition, not an open-market purchase. Form 4 data classifies it under code A, indicating stock was awarded to the director rather than bought in the market.

How many Commerce Bancshares (CBSH) shares does Todd R. Schnuck hold after the grant?

After the reported stock grant, Todd R. Schnuck directly holds 33,345 shares of Commerce Bancshares common stock. This total reflects the newly awarded 809 shares included in his updated ownership balance.

What was the reference price for Todd R. Schnuck’s Commerce Bancshares (CBSH) stock award?

The 809-share award to Todd R. Schnuck was reported at a reference price of $50.99 per share. While this price is disclosed, it reflects the transaction’s valuation rather than an open-market trade execution.

How did the 5% stock dividend affect Commerce Bancshares (CBSH) insider holdings?

All reported stock holding balances were adjusted to reflect a 5% stock dividend. The dividend used a record date of December 2, 2025, and was payable on December 16, 2025, increasing the number of shares shown for the insider.

What does transaction code A mean in the Commerce Bancshares (CBSH) Form 4 filing?

Transaction code A in the Form 4 indicates a grant, award, or other acquisition of shares. For Todd R. Schnuck, this means the 809 shares were received as compensation or similar award, rather than bought or sold on the open market.