Commerce Bancshares SVP exercises SARs, sells stock
Commerce Bancshares Senior Vice President David L. Roller exercised 3,507 Stock Appreciation Rights, converting them into common stock at an exercise price of $39.8997 per share on August 4, 2026.
Rhea-AI Filing Summary
Commerce Bancshares Senior Vice President David L. Roller exercised 3,507 Stock Appreciation Rights, converting them into common stock at an exercise price of $39.8997 per share on August 4, 2026. On the same day, 830 shares were sold at a weighted average $60.2766 per share, with additional shares withheld or returned to the issuer for exercise costs and taxes, leaving 2,176 shares held indirectly in a 401(k) account.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
6 txns
Insider
Roller David L.
Role
Senior Vice President
Sold
830 shs ($50K)
Approx. gross sale proceeds
$50K
Approx. exercise cost
$140K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Appreciation Rights F2 | 3,507 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,507 | $39.8997 | $140K |
| Exercise Price or Tax Liability | Common Stock | 357 | $60.32 | $22K |
| Disposition | Common Stock | 2,320 | $60.32 | $140K |
| Sale | Common Stock F1 | 830 | $60.2766 | $50K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Appreciation Rights — 0 contracts (Direct);
Common Stock — 30,535 shares (Direct);
Common Stock — 2,176 shares (Indirect, 401(k))
Footnotes (2)
- F1. Sale prices ranged from $60.27 to $60.283.
- F2. The stock appreciation right vests in four equal annual installments beginning January 24, 2019.
Key Figures
Stock Appreciation Rights exercised: 3,507 shares
Common shares sold: 830 shares
Shares withheld for taxes or exercise: 357 shares
+2 more
5 metrics
Stock Appreciation Rights exercised
3,507 shares
Stock Appreciation Rights converted into common stock on 2026-08-04 at $39.8997 exercise price
Common shares sold
830 shares
Open-market or private sale on 2026-08-04 at weighted average $60.2766 per share; prices $60.27–$60.283
Shares withheld for taxes or exercise
357 shares
Disposed on 2026-08-04 under code F at $60.32 per share to pay exercise price or tax liability
Shares returned to issuer
2,320 shares
Disposition to issuer on 2026-08-04 under code D at $60.32 per share
401(k) holdings after transactions
2,176 shares
Indirect ownership of Commerce Bancshares common stock in a 401(k) plan following the reported transactions
Key Terms
Stock Appreciation Rights, exercise or conversion of derivative security, Payment of exercise price or tax liability by delivering or withholding securities, Disposition to issuer, +1 more
5 terms
Stock Appreciation Rights financial
"Security title is listed as "Stock Appreciation Rights" tied to common stock"
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.
exercise or conversion of derivative security financial
"Transaction code M is described as "Exercise or conversion of derivative security""
Payment of exercise price or tax liability by delivering or withholding securities financial
"Code F is defined as "Payment of exercise price or tax liability by delivering or withholding securities""
Disposition to issuer financial
"One transaction is labeled with the action "Disposition to issuer" under code D"
401(k) financial
"Indirect ownership nature of ownership is identified as "401(k)" for 2,176 shares"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did David L. Roller report for CBSH on August 4, 2026?
David L. Roller reported exercising 3,507 Stock Appreciation Rights into Commerce Bancshares (CBSH) common stock on August 4, 2026. Related transactions included withholding and dispositions, plus an open-market sale of 830 shares, and an ending indirect holding of 2,176 shares in a 401(k).
How many Stock Appreciation Rights did the CBSH executive exercise and at what price?
He exercised 3,507 Stock Appreciation Rights tied to Commerce Bancshares (CBSH) common stock. These rights had an exercise price of $39.8997 per share, converting fully into 3,507 common shares in a transaction dated August 4, 2026.
Were the CBSH insider transactions reported as part of a Rule 10b5-1 trading plan?
The report’s Rule 10b5-1 checkbox is not marked as affirmative, and the footnotes do not describe any pre-arranged trading plan. The transactions therefore are not identified as executed under a Rule 10b5-1 trading arrangement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
