Paul A. Steiner - 01 Mar 2024 Form 4 Insider Report for COMMERCE BANCSHARES INC /MO/ (CBSH)

Role: Controller
Signature: /s/ By: Paul A. Steiner
Issuer symbol: CBSH
Transactions as of: 01 Mar 2024
Net transactions value: -$7,308
Form type: 4
Filing time: 05 Mar 2024, 16:13:55 UTC
Previous filing: 06 Mar 2023
Next filing: 02 Aug 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	Tax liability	$7,308	-140	-3.7%	$52.20	3,628	04 Mar 2024	Direct
transaction	CBSH	Common Stock	Award	$0	+433	+13%	$0.000000	3,768	01 Mar 2024	Direct	F1
holding	CBSH	Common Stock						7,054	01 Mar 2024	401(K)

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	+1,503		$0.000000	1,503	01 Mar 2024	Common Stock	1,503	$51.92	Direct	F2

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

Explanation of Responses:

Id	Content
F1	All stock holding balances adjusted to include a 5% stock dividend. Record date of 12/4/2023, payable 12/19/2023.
F2	The stock appreciation right vests in four equal annual installments beginning March 1, 2025.