SEC Form 3 · accession 0000022356-26-000201
COMMERCE BANCSHARES INC /MO/ · CBSH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jennifer B Upton
Officer — Senior Vice President
Period of report
Sep 1, 2026
Accepted (ET)
Sep 9, 2026 · 5:12 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000022356
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 1,630 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightsF1 | $37.9095 | holding | — | — | — | Mar 2, 2018 | Mar 2, 2027 | Common Stock | 220 | — | D |
| Stock Appreciation RightsF2 | $39.1416 | holding | — | — | — | Mar 1, 2019 | Mar 1, 2028 | Common Stock | 220 | — | D |
| Stock Appreciation RightsF3 | $44.7942 | holding | — | — | — | Mar 1, 2020 | Mar 1, 2029 | Common Stock | 286 | — | D |
| Stock Appreciation RightsF4 | $58.5372 | holding | — | — | — | Mar 4, 2022 | Mar 4, 2031 | Common Stock | 270 | — | D |
| Stock Appreciation RightsF5 | $56.4604 | holding | — | — | — | Mar 2, 2024 | Mar 2, 2033 | Common Stock | 458 | — | D |
| Stock Appreciation RightsF6 | $47.093 | holding | — | — | — | Mar 1, 2025 | Mar 1, 2034 | Common Stock | 275 | — | D |
| Stock Appreciation RightsF7 | $61.7333 | holding | — | — | — | Mar 3, 2026 | Mar 3, 2035 | Common Stock | 266 | — | D |
Explanation of responses
- F1The stock appreciation right vests in four equal annual installments beginning March 2, 2018.
- F2The stock appreciation right vests in four equal annual installments beginning March 1, 2019.
- F3The stock appreciation right vests in four equal annual installments beginning March 1, 2020.
- F4The stock appreciation right vests in four equal annual installments beginning March 4, 2022.
- F5The stock appreciation right vests in four equal annual installments beginning March 2, 2024.
- F6The stock appreciation right vests in four equal annual installments beginning March 1, 2025.
- F7The stock appreciation right vests in four equal annual installments beginning March 3, 2026.