Phillip D. Green - Oct 26, 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
Oct 26, 2024
Transactions value $
-$1,405,825
Form type
4
Date filed
10/28/2024, 06:24 PM
Previous filing
May 30, 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 +11.1K +12.75% $0.00 98.4K Oct 26, 2024 Direct
transaction CFR Common Stock, $0.01 par value Tax liability -$558K -4.38K -4.45% $127.42 94K Oct 26, 2024 Direct
transaction CFR Common Stock, $0.01 par value Options Exercise $0 +16.9K +17.99% $0.00 111K Oct 27, 2024 Direct
transaction CFR Common Stock, $0.01 par value Tax liability -$848K -6.66K -6% $127.42 104K Oct 27, 2024 Direct
holding CFR Common Stock, $0.01 par value 1.1K Oct 26, 2024 By Spouse
holding CFR Common Stock, $0.01 par value 38.9K Oct 26, 2024 Trusts for children
holding CFR Common Stock, $0.01 par value 359 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 -11.1K -100% $0.00 0 Oct 26, 2024 Common Stock 11.1K Direct F1, F2
transaction CFR Restricted Stock Units Options Exercise $0 -16.9K -100% $0.00 0 Oct 27, 2024 Common Stock 16.9K 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.