Commerce Bancshares (CBSH) Exec Chair David Kemper Receives 128 Shares

What Happened
David W. Kemper, Executive Chairman and Director of Commerce Bancshares (CBSH), was granted/received 128 shares on 2026-09-22 at a reported acquisition price of $56.64 per share, a total value of $7,250. The transaction is reported on Form 4 as an award/grant (code A), an acquisition rather than a sale.

Key Details

• Transaction date: 2026-09-22; Filing date: 2026-09-24 (timely filing).
• Price per share: $56.64; Shares acquired: 128; Total value: $7,250.
• Shares were acquired through CBSH & TP Stock Management, LLC (footnote: the reporting person is a Manager of that entity).
• Post-transaction beneficial ownership is not specified in the filing.
• Transaction type: Award/Grant (A); not a sale, option exercise, or gift.

Context

• This is an acquisition via an award/grant, which is generally more informative than routine sales because it increases insider ownership, but the filing does not state changes in total beneficial ownership.
• The grant was made to/through an entity the reporting person manages (per footnote), suggesting the award may be held at the managed-entity level rather than directly in his name.
• No indication of a 10b5-1 plan, cashless exercise, tax-withholding disposition, or late filing in this report.