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

Signature
/s/ Susan Murr by POA from Paul Bracher
Issuer symbol
CFR
Transactions as of
26 Oct 2024
Net transactions value
-$303,769
Form type
4
Filing time
28 Oct 2024, 18:30:54 UTC
Previous filing
07 Mar 2024
Next filing
31 Oct 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 +2,378 +2.4% $0.000000 101,326 26 Oct 2024 Direct
transaction CFR Common Stock, $0.01 par value Tax liability $119,138 -935 -0.92% $127.42 100,391 26 Oct 2024 Direct
transaction CFR Common Stock, $0.01 par value Options Exercise $0 +3,684 +3.7% $0.000000 104,075 27 Oct 2024 Direct
transaction CFR Common Stock, $0.01 par value Tax liability $184,632 -1,449 -1.4% $127.42 102,626 27 Oct 2024 Direct
holding CFR Common Stock, $0.01 par value 48,851 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 -2,378 -100% $0.000000 0 26 Oct 2024 Common Stock 2,378 Direct F1, F2
transaction CFR Restricted Stock Units Options Exercise $0 -3,684 -100% $0.000000 0 27 Oct 2024 Common Stock 3,684 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.