Jonathan M. Kemper - Jan 22, 2024 Form 4 Insider Report for COMMERCE BANCSHARES INC /MO/ (CBSH)

Role: Director
Signature: By: Paul A. Steiner For: Jonathan M. Kemper
Stock symbol: CBSH
Transactions as of: Jan 22, 2024
Transactions value $: -$187,117
Form type: 4
Date filed: 1/24/2024, 04:24 PM
Previous filing: Dec 21, 2023
Next filing: Feb 8, 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CBSH	Common Stock	Options Exercise	$593K	+21.7K	+2.15%	$27.33	1.03M	Jan 22, 2024	Direct
transaction	CBSH	Common Stock	Tax liability	-$187K	-3.42K	-0.33%	$54.79	1.03M	Jan 22, 2024	Direct
transaction	CBSH	Common Stock	Disposed to Issuer	-$593K	-10.8K	-1.06%	$54.79	1.02M	Jan 22, 2024	Direct
holding	CBSH	Common Stock						76.5K	Jan 22, 2024	401(k)
holding	CBSH	Common Stock						21.5K	Jan 22, 2024	Charlotte Kemper Irrev Trust
holding	CBSH	Common Stock						11.7K	Jan 22, 2024	David BR Kemper Irrev Trust
holding	CBSH	Common Stock						192K	Jan 22, 2024	Exec Comp Plan
holding	CBSH	Common Stock						45.5K	Jan 22, 2024	Irrev Trust For Self
holding	CBSH	Common Stock						8.02K	Jan 22, 2024	Nicolas Kemper Irrev Trust
holding	CBSH	Common Stock						38.4K	Jan 22, 2024	Nicolas Kemper Trust
holding	CBSH	Common Stock						258K	Jan 22, 2024	Tower Properties Co

Showing 1 to 11 of 11 entries

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CBSH	Stock Appreciation Rights	Options Exercise	$0	-21.7K	-100%	$0.00^*	0	Jan 22, 2024	Common Stock	21.7K	$27.33	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The stock appreciation right vests in four equal annual installments beginning on January 27, 2015.