Margaret M. Rowe, who serves as Senior Vice President at Commerce Bancshares, sold 861 shares of the company's common stock on March 5, 2026, a transaction disclosed in a Form 4 filing with the Securities and Exchange Commission. The shares changed hands at $51.685 each, producing a transaction value of approximately $44,500.
Since that sale, Commerce Bancshares shares have traded lower, at $49.60, moving near a 52-week low of $48.58.
Following the disposition, Rowe is reported to hold 5,742 shares directly. The filing also notes indirect ownership of 17,701 shares through a 401(k) account.
Company financials and shareholder returns
The $7.29 billion regional bank posted fourth-quarter earnings of $1.01 per share, narrowly topping analyst expectations of $1.00 per share. Management said the quarter delivered record revenue, supported by strength in net interest income and fee-based lines of business. Commerce’s board also approved a 5% increase in the quarterly dividend, raising it to $0.275 per share. That payment is scheduled for March 24, 2026, to shareholders of record as of March 6, 2026.
At current trading levels the bank is producing a price-to-earnings ratio of 12.15. InvestingPro analysis contained in the filing indicates that the stock appears undervalued at current levels and that the company is included on InvestingPro’s Most Undervalued list, with additional subscriber-only insights available through that platform.
Executive compensation actions
The company’s Compensation and Human Resources Committee approved base salaries for 2026 and performance-based cash bonuses for 2025 for its executive officers. President and Chief Executive Officer John W. Kemper will have a 2026 base salary of $1,050,000 and a cash bonus for 2025 of $2,313,108. Executive Vice President and Chief Financial Officer Charles G. Kim will have a 2026 base salary of $619,126 and a 2025 cash bonus of $802,483.
Context and takeaway
The Form 4 filing documents a modest insider sale by a senior officer in the midst of a quarter that produced a small earnings beat, record revenue, and a raised dividend. The company’s valuation metrics and InvestingPro’s assessment are referenced in the filing. The regulatory disclosure also details the company’s approved compensation for key executives.
Readers should note that the filing specifies the transaction date, share count, sale price and post-transaction holdings, and the company-provided details on recent financial results, the dividend increase and executive pay.