Jerry Salinas - 26 Oct 2024 Form 4 Insider Report for CULLEN/FROST BANKERS, INC. (CFR)

Role
GEVP and CFO
Signature
/s/ Susan Murr by POA from Jerry Salinas
Issuer symbol
CFR
Transactions as of
26 Oct 2024
Net transactions value
-$301,093
Form type
4
Filing time
28 Oct 2024, 18:16:38 UTC
Previous filing
07 Mar 2024
Next filing
31 Oct 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CFR Common Stock, $0.01 par value Options Exercise $0 +2,359 +6.6% $0.000000 38,372 26 Oct 2024 Direct
transaction CFR Common Stock, $0.01 par value Tax liability $118,246 -928 -2.4% $127.42 37,444 26 Oct 2024 Direct
transaction CFR Common Stock, $0.01 par value Options Exercise $0 +3,647 +9.7% $0.000000 41,091 27 Oct 2024 Direct
transaction CFR Common Stock, $0.01 par value Tax liability $182,848 -1,435 -3.5% $127.42 39,656 27 Oct 2024 Direct
holding CFR Common Stock, $0.01 par value 26,207 26 Oct 2024 Through 401(k) Plan

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CFR Restricted Stock Units Options Exercise $0 -2,359 -100% $0.000000 0 26 Oct 2024 Common Stock 2,359 Direct F1, F2
transaction CFR Restricted Stock Units Options Exercise $0 -3,647 -100% $0.000000 0 27 Oct 2024 Common Stock 3,647 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents the right to receive one share of Cullen/Frost common stock.
F2 Cliff vested three years from grant date of 10-26-2021.
F3 Cliff vested four years from grant date of 10-27-2020.