Commerce Bancshares CEO John Kemper Surrenders 10,638 Shares

What Happened John W. Kemper, President & CEO and a director of Commerce Bancshares, disposed of 10,638 shares on Feb 2, 2026 at $53.23 per share, totaling about $566,261. The Form 4 lists the transaction code "F" — payment of exercise price or tax liability — indicating these shares were surrendered/withheld to cover taxes related to equity compensation rather than an open‑market sale.

Key Details

• Transaction date: 2026-02-02; Price: $53.23; Shares disposed: 10,638; Proceeds/Value: ~$566,261.
• Transaction code: F (payment of exercise price or tax liability — shares withheld/surrendered).
• Shares owned after transaction: not specified in the filing.
• Filing date: 2026-02-04 — appears timely (filed two days after the transaction).
• Footnote: All stock holding balances were adjusted for a 5% stock dividend (record date 12/2/2025; payable 12/16/2025).

Context This was a tax-withholding/settlement disposition tied to equity compensation (e.g., option exercise or vested award), not necessarily a discretionary sale that signals a change in the CEO’s view of the company. Such withholdings are common when shares are issued on exercise or vesting to cover taxes.