KEMPER DAVID W 4

What Happened
David W. Kemper, Executive Chairman and Director of Commerce Bancshares (CBSH), was granted 150 shares as an award/acquisition on March 24, 2026. The reported price per share for the award was $48.09, for a total reported value of $7,214. This transaction is an award/grant (transaction code A), i.e., a compensation-related acquisition rather than an open-market purchase.

Key Details

• Transaction date and price: 2026-03-24 at $48.09 per share
• Shares acquired: 150; Total value: $7,214
• Filing date: Form 4 filed 2026-03-26 (filed within the typical 2-business-day window) — no late-filing flag noted
• Shares owned after transaction: not disclosed in the filing provided
• Footnotes/plans: the filing did not indicate a 10b5-1 plan, tax-withholding disposition, or other special footnotes

Context
Grants and awards are commonly part of executive compensation (restricted stock, performance awards, etc.) and do not necessarily reflect immediate buying or selling sentiment. While purchases can be seen as a stronger direct signal of an insider’s market view, small compensation grants (this one ≈ $7.2K) are often routine.