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

Role
GEVP and CFO
Signature
/s/ Susan Murr by POA from Jerry Salinas
Stock symbol
CFR
Transactions as of
Oct 26, 2024
Transactions value $
-$301,093
Form type
4
Date filed
10/28/2024, 06:16 PM
Previous filing
Mar 7, 2024
Next filing
Oct 31, 2024

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 +2.36K +6.55% $0.00 38.4K Oct 26, 2024 Direct
transaction CFR Common Stock, $0.01 par value Tax liability -$118K -928 -2.42% $127.42 37.4K Oct 26, 2024 Direct
transaction CFR Common Stock, $0.01 par value Options Exercise $0 +3.65K +9.74% $0.00 41.1K Oct 27, 2024 Direct
transaction CFR Common Stock, $0.01 par value Tax liability -$183K -1.44K -3.49% $127.42 39.7K Oct 27, 2024 Direct
holding CFR Common Stock, $0.01 par value 26.2K Oct 26, 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 -2.36K -100% $0.00 0 Oct 26, 2024 Common Stock 2.36K Direct F1, F2
transaction CFR Restricted Stock Units Options Exercise $0 -3.65K -100% $0.00 0 Oct 27, 2024 Common Stock 3.65K 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.