BRAUER BLACKFORD F 4

What Happened
Blackford F. Brauer, a director of Commerce Bancshares, received an award/acquisition of 736 shares on 2026-02-28 at a reported price of $50.99 per share, for a total reported value of $37,529. This transaction is recorded as an award/grant (Form 4 code "A"), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-28; Form 4 filed: 2026-03-03 (file appears timely).
• Transaction type: Award/Grant (code A).
• Shares acquired: 736 at $50.99 per share; total value reported $37,529.
• Shares owned after transaction: Not specified in the excerpt of the filing.
• Footnote: All stock holding balances were adjusted to include a 5% stock dividend (record date 12/02/2025, payable 12/16/2025).
• No 10b5-1 plan, gift, or tax-withholding note was reported in the provided details.

Context
An "A" code award typically reflects compensation or a board grant rather than an open-market purchase, so it should be viewed as an issuance/compensation event rather than a direct insider bet on the stock. The 5% stock dividend adjustment affects reported balances; consult the full Form 4 for exact post-transaction holdings if you need precise ownership figures.