Corporate GovernanceJul 6, 2026, 04:08 PM
Commerce Bancshares Grants Special RSUs to Executives
AI Summary
Commerce Bancshares, Inc. approved special time-vested restricted stock unit (RSU) grants to Executive Vice President Kevin G. Barth and Executive Vice President and CFO Charles G. Kim. Each executive received 44,262 shares of the company's common stock, subject to a three-year cliff vesting period contingent on continued employment. These grants are part of the company's overall succession planning and include specific vesting conditions and a non-competition covenant.
Key Highlights
- Special time-vested RSU grants approved for Kevin G. Barth and Charles G. Kim.
- Each executive received 44,262 shares of common stock in RSU grants.
- Grants are subject to a three-year cliff vesting period.
- Vesting is contingent upon continued employment.
- Pro rata vesting occurs upon death or disability, but not retirement.
- A non-competition covenant applies following any termination of service.
- The grants are part of the company's overall succession planning.
Price Impact
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