DUNN TIMOTHY S 4

What Happened

• Timothy S. Dunn, a director of Commerce Bancshares, received a grant/award of 736 shares on February 28, 2026. The filing reports an acquisition price of $50.99 per share, for a reported value of approximately $37,529. This was an award (grant) of company stock rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-28
• Transaction type: Award/Grant (code A) — acquisition of shares
• Price reported: $50.99 per share; total value ≈ $37,529
• Shares acquired: 736
• Shares owned after transaction: not specified in the provided filing excerpt
• Footnote: All stock holding balances were adjusted to reflect a 5% stock dividend (record date 12/2/2025; payable 12/16/2025)
• Filing date: 2026-03-03 (filed three calendar days after the transaction date; appears to be within normal SEC Form 4 timing given the weekend transaction)

Context

• This was a compensation-related stock award (not a purchase from the open market or an option exercise). Such grants are commonly part of director compensation and do not by themselves indicate the director bought shares with personal funds or a change in sentiment.