Senior Vice President Kim L. Jakovich reduced her direct stake in Commerce Bancshares (NASDAQ:CBSH) by selling 949 shares on March 5, 2026. The shares changed hands at $51.45 apiece, producing total proceeds of $48,826. The transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission.
Following the sale, Jakovich retains a direct holding of 12,741 shares in Commerce Bancshares. She also holds an indirect position of 1,463 shares through a 401(k) account, according to the filing.
The sale occurred while Commerce Bancshares' shares were trading close to a 52-week low of $48.69; the stock was quoted at $48.98 at the time of reporting. Analysis available through InvestingPro included with the market data notes that the stock is trading at a price-to-earnings multiple of 12.14 and yields 2.18% in dividends. InvestingPro users are indicated to have access to eight additional tips about the company, including material on the bank’s 56-year streak of dividend payments.
Quarterly results and shareholder actions
Commerce Bancshares posted fourth-quarter earnings of $1.01 per share, marginally above analyst expectations of $1.00 per share. The company said it generated record quarterly revenue, attributing the performance to strong net interest income and favorable results in fee-based businesses.
Consistent with the quarterly report, the bank’s Board of Directors approved a quarterly cash dividend of $0.275 per common share, representing a 5% increase from the previous payout of $0.262. The dividend is scheduled for payment on March 24, 2026, to shareholders of record as of March 6, 2026.
Executive compensation and incentive plan details for 2026
Alongside operational and capital allocation updates, Commerce Bancshares disclosed its executive compensation framework for 2026. The company specified base salaries and 2025 performance-based cash bonuses for named executives.
President and Chief Executive Officer John W. Kemper will have a base salary of $1,050,000 and received a 2025 performance-based cash bonus of $2,313,108. Executive Vice President and Chief Financial Officer Charles G. Kim will receive a base salary of $619,126 and a cash bonus of $802,483.
Other Executive Vice Presidents named in the announcement - Kevin G. Barth, Robert S. Holmes, and John K. Handy - will have base salaries that fall within a range of $547,690 to $619,126, and cash bonuses ranging from $662,918 to $802,483.
What is known
The reporting provides a factual record of an insider sale, current shareholdings for that insider, recent financial results for Commerce Bancshares and the company’s declared dividend and compensation decisions. The filings and investor commentary cited are presented as reported; no additional interpretation is offered here.