John W. Kemper

President and Chief Executive Officer of Commerce Bancshares, Inc. at COMMERCE BANCSHARES INC /MO/

Board

Since August 2018

Age

47 years

Education

Holds a Bachelor of Arts in history and political science from Stanford University, a Master of Science in economic history from the London School of Economics, and an M.B.A. from Northwestern University's Kellogg School of Management.

Tenure

Joined Commerce Bancshares in 2007, held various roles including President and Chief Operating Officer, and was promoted to President and Chief Executive Officer in August 2018, with board membership since September 2015.

Also at COMMERCE BANCSHARES INC /MO/

DWK

David W. Kemper

Executive Chairman

CGK

Charles G. Kim

Chief Financial Officer

DLO

David L. Orf

Executive Vice President

About

John W. Kemper serves as the President and Chief Executive Officer of Commerce Bancshares, Inc. and the Chairman and Chief Executive Officer of Commerce Bank.

He joined Commerce Bancshares in 2007 and advanced through key roles, including that of President and Chief Operating Officer, before his promotion to CEO in August 2018. His board membership, established in September 2015, underscores his integral role in the company’s governance.

Before his tenure at Commerce Bancshares, he gained significant experience as an Engagement Manager at McKinsey & Co. in New York and Chicago, where he led strategy and operations projects for clients in the financial services and airline sectors.

With a strong academic foundation from Stanford University, the London School of Economics, and Northwestern University's Kellogg School of Management, his professional journey is complemented by active involvement in civic organizations and contributions to corporate strategy, reflecting a well-rounded blend of leadership and expertise.

$CBSH Performance Under John W. Kemper

Past Roles

Organization	Role	Date Range	Details
Commerce Bank	President	Mar 2013 – Transition to CEO	Held role prior to his current President and CEO position
Commerce Bancshares, Inc.	President of the Company	Feb 2013 – Transition to CEO	Served before being promoted to President and CEO
Commerce Bancshares, Inc.	Chief Operating Officer	N/A – Prior to current role	Role held before his advancement to President and CEO
McKinsey & Co.	Engagement Manager	Pre-CBSH (Date not specified)	Led consulting teams for strategy and operations engagements in financial services and airlines

External Roles

Organization	Role	Date Range	Details
Tower Properties Company	Director	Mar 2008 – Present	N/A
Visa Executive Client Counsel	Member of Counsel	N/A – Present	N/A
Civic Organizations in the St. Louis Region	Board Member	N/A – Present	N/A

Fixed Compensation

Data from FY 2025

Component Name	Amount	Payment Schedule	Additional Details
Base Salary (Effective March 29, 2025)	$1,050,000	Effective March 29, 2025	N/A

Performance Compensation

Data from FY 2025

Performance-Based Bonus

Parameter	Value	Notes
Dollar Amount ($USD)	$1,964,441	No further performance metrics provided for 2025
Performance Metrics	N/A	Details not available for 2025
Target	N/A	Details not available for 2025
Threshold	N/A	Details not available for 2025
Max (Cap)	N/A	Details not available for 2025
Weights	N/A	Details not available for 2025
Evaluation Period	2025	Not detailed
Actual Results	N/A	Not provided

Restricted Stock Awards

Parameter	Value	Notes
Share Quantity	43,931 shares	Restricted stock awards granted in 2025
Performance Metrics	N/A	No details available for 2025
Vesting Schedule	N/A	Detailed vesting schedule not provided for 2025
Grant Date	N/A	Not provided for 2025
Grant Date Fair Value	N/A	Not provided for 2025