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

Role
GEVP Research & Strategy
Signature
/s/ Susan Murr by POA from Bobby Berman
Issuer symbol
CFR
Transactions as of
26 Oct 2024
Net transactions value
-$98,750
Form type
4
Filing time
28 Oct 2024, 18:28:34 UTC
Previous filing
15 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 +1,247 +4.5% $0.000000 29,062 26 Oct 2024 Direct
transaction CFR Common Stock, $0.01 par value Tax liability $38,608 -303 -1% $127.42 28,759 26 Oct 2024 Direct
transaction CFR Common Stock, $0.01 par value Options Exercise $0 +1,880 +6.5% $0.000000 30,639 27 Oct 2024 Direct
transaction CFR Common Stock, $0.01 par value Tax liability $60,142 -472 -1.5% $127.42 30,167 27 Oct 2024 Direct
holding CFR Common Stock, $0.01 par value 17,774 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 -1,247 -100% $0.000000 0 26 Oct 2024 Common Stock 1,247 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.