Commerce Bancshares (NASDAQ: CBSH) CFO exercises rights and sells 19,771 shares
Rhea-AI Filing Summary
Commerce Bancshares Exec. Vice President and CFO Charles G. Kim exercised 9,662 Stock Appreciation Rights at an exercise price of $36.4398 per share into an equal number of common shares on July 27, 2026. On the same date, he sold 19,771 common shares in open-market or private transactions at an average price of $59.179 per share, with individual sale prices ranging from $59.045 to $59.375. In connection with the award exercise, 1,646 shares were disposed of at $59.43 per share to satisfy exercise price or tax obligations, and an additional 5,925 shares were disposed of to the issuer at $59.43 per share. After these transactions, he reports 55,711 common shares held indirectly through a 401(k) plan.
Positive
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Negative
- None.
Insights
Analyzing...
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
6 txns
Insider
KIM CHARLES G
Role
Exec. Vice President and CFO
Sold
19,771 shs ($1.17M)
Approx. gross sale proceeds
$1.17M
Approx. exercise cost
$352K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Appreciation Rights F2 | 9,662 | $0.00 | $0.00 |
| Exercise | Common Stock | 9,662 | $36.4398 | $352K |
| Exercise Price or Tax Liability | Common Stock | 1,646 | $59.43 | $98K |
| Disposition | Common Stock | 5,925 | $59.43 | $352K |
| Sale | Common Stock F1 | 19,771 | $59.179 | $1.17M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Appreciation Rights — 0 shares (Direct);
Common Stock — 119,410 shares (Direct);
Common Stock — 55,711 shares (Indirect, 401(k))
Footnotes (2)
- F1. Sale prices ranged from $59.045 to $59.375.
- F2. The stock appreciation right vests in four equal annual installments beginning January 31, 2018.
Key Figures
Stock Appreciation Rights Exercised: 9662 shares
Exercise Price: $36.4398 per share
Common Shares Sold: 19771 shares
+4 more
7 metrics
Stock Appreciation Rights Exercised
9662 shares
Exercised into common stock at $36.4398 per share on July 27, 2026
Exercise Price
$36.4398 per share
Conversion or exercise price for 9,662 Stock Appreciation Rights
Common Shares Sold
19771 shares
Open-market or private sale at an average price of $59.179 per share
Sale Price Range
$59.045 to $59.375
Range of prices for the 19,771-share sale transaction
Shares Withheld for Tax/Exercise
1646 shares
Disposed at $59.43 per share to pay exercise price or tax liability
Shares Disposed to Issuer
5925 shares
Disposition to issuer at $59.43 per share coded as D
Indirect 401(k) Holdings
55711 shares
Common shares held indirectly through a 401(k) after reported transactions
Key Terms
Stock Appreciation Rights, Disposition to issuer, 401(k)
3 terms
Stock Appreciation Rights financial
"security_title: Stock Appreciation Rights with 9,662.0000 shares exercised"
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.
Disposition to issuer financial
"transaction_code_description: Disposition to issuer for 5,925 common shares"
401(k) financial
"nature_of_ownership: 401(k) for 55,711 common shares held indirectly"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
