John W. Kemper - 31 Jan 2024 Form 4 Insider Report for COMMERCE BANCSHARES INC /MO/ (CBSH)

Role: President and CEO, Director
Signature: By: Paul A. Steiner For: John W. Kemper
Issuer symbol: CBSH
Transactions as of: 31 Jan 2024
Net transactions value: -$126,078
Form type: 4
Filing time: 02 Feb 2024, 16:11:15 UTC
Previous filing: 25 Jan 2024
Next filing: 07 Feb 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	Award	$0	+43,949	+23%	$0.000000	239,174	31 Jan 2024	Direct
transaction	CBSH	Common Stock	Tax liability	$126,078	-2,419	-1%	$52.12	236,755	31 Jan 2024	Direct
holding	CBSH	Common Stock						257,680	31 Jan 2024	Tower Properties Co

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	Award	$0	+40,634		$0.000000	40,634	31 Jan 2024	Common Stock	40,634	$52.12	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 31, 2025.