KEMPER DAVID W 4

What Happened

• David W. Kemper, Executive Chairman and Director of Commerce Bancshares (CBSH), received a grant/award of 131 shares on June 23, 2026. The shares were valued at $55.29 each, totaling approximately $7,243. This transaction is an award/grant (transaction code A), i.e., acquisition through compensation rather than an open-market purchase.

Key Details

• Transaction date: 2026-06-23; Price per share: $55.29; Total value: ~$7,243.
• Transaction type: Award/Grant (Form 4 code A).
• Shares owned after the transaction: Not specified in the provided filing.
• No footnotes, 10b5-1 plan, or tax-withholding details were indicated in the supplied transaction data.
• Filing date: 2026-06-25 — the Form 4 was submitted after the transaction date and appears to be filed within the normal two-business-day window.

Context

• Grants like this are typically part of executive compensation (restricted stock, performance awards, or similar) and do not necessarily indicate an immediate purchase conviction or open-market demand.
• For retail investors, awarded shares signal management compensation alignment with shareholders but should be viewed alongside other insider activity and company performance.