Phillip D. Green - Mar 5, 2024 Form 4 Insider Report for CULLEN/FROST BANKERS, INC. (CFR)

Role
Chairman and CEO, Director
Signature
/s/ Susan Murr by POA from Phillip D. Green
Stock symbol
CFR
Transactions as of
Mar 5, 2024
Transactions value $
-$871,873
Form type
4
Date filed
3/7/2024, 12:42 PM
Previous filing
Jan 25, 2024
Next filing
Mar 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CFR Common Stock, $0.01 par value Award $0 +19.4K +18.81% $0.00 123K Mar 5, 2024 Direct F1
transaction CFR Common Stock, $0.01 par value Disposed to Issuer -$872K -7.65K -6.23% $114.03 115K Mar 5, 2024 Direct F2
holding CFR Common Stock, $0.01 par value 1.1K Mar 5, 2024 By Spouse
holding CFR Common Stock, $0.01 par value 29.6K Mar 5, 2024 Trusts for children F3
holding CFR Common Stock, $0.01 par value 350 Mar 5, 2024 Through 401(k) Plan
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares earned for the performance stock awards (PSUs) granted in 2020 for the three-year performance period ending December 31, 2023 as approved by the Compensation & Benefits Committee of the Board of Directors on March 5, 2024.
F2 Includes 1,058 shares transferred from Thrift Stock Plan.
F3 Some of Mr. Green's children are beneficiaries of trusts of which Mr. Green is a trustee.