Item 2. Unregistered Sales of Equity Securities
Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
The following table sets forth information about the Company's purchases of its $5 par value common stock, its only class of common stock registered pursuant to Section 12 of the Securities Exchange Act of 1934, as amended.
Period
Total Number of Shares Purchased
Average Price Paid per Share
Total Number of Shares Purchased as part of Publicly Announced Program
Maximum Number that May Yet Be Purchased Under the Program
January 1 - 31, 2022 178,380 $ 68.44 178,380 1,558,942
February 1 - 28, 2022 330,983 $ 70.81 330,983 1,227,959
March 1 - 31, 2022 286,024 $ 70.66 286,024 941,935
Total 795,387 $ 70.22 795,387 941,935
The Company's stock purchases shown above were made under authorizations by the Board of Directors. At March 31, 2022, 941,935 shares remained available for purchase. On April 20, 2022, the share repurchase authorization was increased to 5,000,000 shares.
Item 6. EXHIBITS
31.1 — Certification of CEO pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2 — Certification of CFO pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32 — Certifications of CEO and CFO pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101 — Interactive data files in Inline XBRL pursuant to Rule 405 of Regulation S-T: (i) the Consolidated Balance Sheets, (ii) the Consolidated Statements of Income, (iii) the Consolidated Statements of Comprehensive Income, (iv) the Consolidated Statements of Changes in Equity, (v) the Consolidated Statements of Cash Flows and (vi) the Notes to Consolidated Financial Statements, tagged as blocks of text and in detail. The instance document does not appear in the interactive data file because its XBRL tags are embedded within the Inline XBRL document.
104 — Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)
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Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
C OMMERCE B ANCSHARES, I NC.
By /s/ M ARGARET M. R OWE
Margaret M. Rowe
Date: May 5, 2022
Vice President & Secretary
By /s/ PAUL A. STEINER
Paul A. Steiner
Controller
Date: May 5, 2022
(Chief Accounting Officer)
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Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.