COMMERCE BANCSHARES INC /MO/ — Director's Dealing 2022

Apr 29, 2022

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: COMMERCE BANCSHARES INC /MO/ (CBSH)
CIK: 0000022356
Period of Report: 2022-04-20

Reporting Person: NOACK THOMAS J (Senior Vice President)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	21439	Direct
Common Stock	9261	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Rights	$46.0791	2027-03-02	Common Stock (1436)		Direct
Stock Appreciation Rights	$47.5769	2028-03-01	Common Stock (1611)		Direct
Stock Appreciation Rights	$54.4477	2029-03-01	Common Stock (1546)		Direct
Stock Appreciation Rights	$56.009	2030-03-03	Common Stock (1846)		Direct

Footnotes

F1: The stock appreciation right vests in four equal annual installments beginning on March 2, 2018.

F2: This stock appreciation right vests in four equal annual installments beginning on March 1, 2019.

F3: This stock appreciation right vests in four equal annual installments beginning on March 1, 2020.

F4: The stock appreciation right vests in four equal annual installments beginning on March 3, 2021.