Commerce Bancshares (CBSH) SVP Paula Petersen Withholds 1,236 Shares

What Happened
Paula S. Petersen, Senior Vice President of Commerce Bancshares (CBSH), had 1,236 shares withheld/disposed to satisfy tax or exercise-related obligations. The filing shows 831 shares withheld on 2026-02-02 at $53.23 (total $44,234) and 405 shares withheld on 2026-02-03 at $53.59 (total $21,704), for a combined value of about $65,938. These were disposals to cover taxes (code F), not open-market sales or purchases.

Key Details

• Transaction dates and prices:
  • 2026-02-02: 831 shares @ $53.23 — $44,234
  • 2026-02-03: 405 shares @ $53.59 — $21,704
• Total shares withheld/disposed: 1,236; total value ≈ $65,938.
• Shares owned after transaction: not disclosed in the provided excerpt of the filing.
• Footnote: Holdings were adjusted to reflect a 5% stock dividend (record date 12/2/2025, payable 12/16/2025).
• Transaction code F indicates payment of an exercise price or tax liability (shares surrendered/withheld to cover taxes).
• Filing date (2026-02-04) appears timely relative to the reported transaction dates; no late filing noted.

Context
This was a tax-withholding/settlement action (common when stock awards vest or options are exercised) rather than an open-market sale. Such withholdings are administrative and do not necessarily indicate the insider’s view of the company’s prospects.