Carol Jean Severyn - 26 Oct 2024 Form 4 Insider Report for CULLEN/FROST BANKERS, INC. (CFR)

Role
GEVP and Chief Risk Officer
Signature
/s/ Susan Murr by POA from Carol Jean Severyn
Issuer symbol
CFR
Transactions as of
26 Oct 2024
Net transactions value
-$174,820
Form type
4
Filing time
28 Oct 2024, 18:26:29 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 +1,611 +20% $0.000000 9,864 26 Oct 2024 Direct
transaction CFR Common Stock, $0.01 par value Tax liability $80,657 -633 -6.4% $127.42 9,231 26 Oct 2024 Direct
transaction CFR Common Stock, $0.01 par value Options Exercise $0 +1,880 +20% $0.000000 11,111 27 Oct 2024 Direct
transaction CFR Common Stock, $0.01 par value Tax liability $94,163 -739 -6.7% $127.42 10,372 27 Oct 2024 Direct
holding CFR Common Stock, $0.01 par value 9,031 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 -1,611 -100% $0.000000 0 26 Oct 2024 Common Stock 1,611 Direct F1, F2
transaction CFR Restricted Stock Units Options Exercise $0 -1,880 -100% $0.000000 0 27 Oct 2024 Common Stock 1,880 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.