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Barth Kevin G: insider trades

Officer at Commerce Bancshares Inc. No open-market purchases and 30 sales not made under a pre-set plan, reported from February 3, 2010 to February 13, 2026.

What happened after Barth Kevin G’s sales?

After their sales, the shares moved −6.3% against the index over 12 months on average (a negative figure means selling was the right call); 69% trailed it.

With 296 insiders tested, some will look skilled or unskilled by chance alone: when we replaced each insider’s stocks with random companies bought on the same days, about 5.7 cleared the bar ahead and 23.3 behind. One record on its own proves little.

Trade by trade

MeasuredTrades countedAverage vs S&P 500MedianWent the right wayYearst-statisticp-valueEvidence
Purchases, 3 months after the report 0 — — — — — — Not enough years
Purchases, 6 months after the report 0 — — — — — — Not enough years
Purchases, 12 months after the report 0 — — — — — — Not enough years
Purchases, 12 months after the trade 0 — — — — — — Not enough years
Sales, 3 months after the report 30 −1.9% −2.2% 67% 14 −1.65 0.12 No reliable evidence
Sales, 12 months after the report 29 −6.3% −7.8% 69% 13 −2.33 0.038 Some evidence: seller right
Sales, 12 months after the trade 29 −6.0% −9.6% 66% 13 −2.24 0.045 Some evidence: seller right

“Average vs S&P 500” is the stock’s return including dividends minus the index’s over the same dates, from the close on the first trading day after the report, or from the close on the trade date. Only windows that have finished are counted. For sales, a negative figure means the stock lagged after it was sold, so selling was the right call (green). “Went the right way” is the share of purchases that beat the index, or of sales that trailed it. The t-statistic uses one average per year of reports, because one person’s trades bunch into the same stock and weeks, and needs trades in at least four different years; the p-value comes from the t distribution with that number of years (with four years, a t of 2 has p = 0.14). “Some evidence” means p under 5%, “strong evidence” p under 1% over at least six years.

Companies traded

CompanyTitle on the latest filingPurchasesSalesFirst reportLatest report
Commerce Bancshares Inc CBSH Executive Vice President030February 3, 2010February 13, 2026

Trades and what followed

Moves are against the S&P 500; green means the trade went the insider’s way.

ReportedTradedCompanyTradeValue3 months after report12 months after report12 months after trade
February 13, 2026February 11, 2026 CBSH Sale $410,806 −10.0%not yetnot yet
January 28, 2025January 24, 2025 CBSH Sale $1,724,310 −0.1%−31.1%−31.3%
December 19, 2024December 17, 2024 CBSH Sale $106,848 +3.4%−28.2%−29.7%
July 31, 2024July 29, 2024 CBSH Sale $1,093,976 −5.5%−13.7%−16.9%
February 10, 2021February 8, 2021 CBSH Sale $683,374 +3.5%−12.4%−12.4%
February 5, 2021February 4, 2021 CBSH Sale $377,720 +3.0%−12.4%−12.7%
February 12, 2020February 11, 2020 CBSH Sale $270,641 −7.3%−7.8%−9.5%
February 3, 2020January 30, 2020 CBSH Sale $482,068 −4.1%−13.7%−11.4%
November 4, 2019October 31, 2019 CBSH Sale $438,594 −3.3%−20.2%−11.4%
February 28, 2019February 27, 2019 CBSH Sale $625,800 −7.2%−9.9%−5.3%
February 13, 2019February 12, 2019 CBSH Sale $366,361 −6.9%−8.5%−7.5%
January 30, 2019January 29, 2019 CBSH Sale $427,350 −6.2%−6.3%−13.0%
April 26, 2017April 25, 2017 CBSH Sale $205,098 −0.5%+2.6%+4.0%
February 22, 2017February 17, 2017 CBSH Sale $464,600 −10.3%−18.5%−17.4%
August 8, 2016August 8, 2016 CBSH Sale $312,533 +5.2%+3.6%+5.2%
March 7, 2016March 3, 2016 CBSH Sale $264,057 +3.2%+11.2%+12.1%
September 18, 2015September 17, 2015 CBSH Sale $164,115 −2.8%+6.4%+8.0%
June 1, 2015May 29, 2015 CBSH Sale $172,465 +6.3%+15.8%+16.3%
February 25, 2015February 24, 2015 CBSH Sale $222,097 +6.7%+16.5%+13.6%
August 29, 2014August 27, 2014 CBSH Sale $1,070,423 −7.3%+1.4%+2.3%
February 21, 2014February 19, 2014 CBSH Sale $85,318 −3.7%−13.3%−11.6%
November 5, 2013November 5, 2013 CBSH Sale $76,902 −3.8%−10.7%−10.1%
November 1, 2013October 31, 2013 CBSH Sale $1,077,402 −1.6%−9.7%−11.6%
February 8, 2013February 6, 2013 CBSH Sale $29,169 −0.7%−0.3%+1.0%
December 20, 2012December 19, 2012 CBSH Sale $60,726 +5.3%+6.5%+2.8%
June 19, 2012June 18, 2012 CBSH Sale $845,902 +0.8%+8.1%+6.5%
May 11, 2011May 10, 2011 CBSH Sale $35,021 −0.1%−7.2%−6.5%
February 7, 2011February 3, 2011 CBSH Sale $756,578 +2.1%−7.6%−4.5%
August 4, 2010August 3, 2010 CBSH Sale $620,360 −13.3%−7.8%−10.4%
February 3, 2010February 2, 2010 CBSH Sale $25,817 −2.7%−15.7%−11.8%

Open-market purchases and sales of at least $10,000 in companies we cover, from SEC Form 4 filings; sales made under a pre-set Rule 10b5-1 plan are not shown. “Not yet” means the window has not finished or the share price was under $5 at entry. These are the shares’ moves after each trade: they say nothing about why Barth Kevin G traded and do not suggest the use of non-public information. How every insider compares · the insider trading backtest.