Commerce Bancshares (CBSH) CEO John W. Kemper Sells 23,397 Shares

What Happened
John W. Kemper, President, CEO and a director of Commerce Bancshares (CBSH), sold 23,397 shares on Feb 5, 2026. The Form 4 reports an average price of $53.99 per share for a total value of approximately $1,263,300. The filing notes sale prices on the execution date ranged from $53.70 to $54.51.

Key Details

• Transaction date: 2026-02-05; Form 4 filed: 2026-02-09 (appears filed within the two-business-day requirement).
• Reported average price: $53.99; price range on the date: $53.70–$54.51 (footnote).
• Shares sold: 23,397; reported proceeds ≈ $1,263,300.
• Shares owned after the transaction: not disclosed in the provided excerpt.
• Filing note: sale recorded as "S" (open market or private sale); no 10b5-1 plan or other plan referenced in the excerpt.

Context
This was a sale (a disposal of holdings), which is commonly routine and does not, by itself, indicate management’s view of the company’s prospects. No additional details in the excerpt (e.g., tax withholding, option exercise, or 10b5-1 plan) that would change how the sale is interpreted.