Bobby Berman - 24 Oct 2021 Form 4 Insider Report for CULLEN/FROST BANKERS, INC. (CFR)

Role
Group Executive Vice President
Signature
/s/ Bobby Berman
Issuer symbol
CFR
Transactions as of
24 Oct 2021
Net transactions value
-$38,736
Form type
4
Filing time
26 Oct 2021, 15:49:32 UTC
Next filing
28 Oct 2021
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 +1,213 +4.6% $0.000000 27,312 24 Oct 2021 Direct
transaction CFR Common Stock, $0.01 par value Tax liability $38,736 -295 -1.1% $131.31 27,017 24 Oct 2021 Direct
holding CFR Common Stock, $0.01 par value 75 24 Oct 2021 By children F1
holding CFR Common Stock, $0.01 par value 25 24 Oct 2021 Custodian for Child's UTMA Account F2
holding CFR Common Stock, $0.01 par value 15,093 24 Oct 2021 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 -1,213 -100% $0.000000* 0 24 Oct 2021 Common Stock 1,213 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The 75 shares represent shares transferred to Mr. Berman's children from accounts under the Uniform Transfers to Minors Act.
F2 The 25 shares represent shares held by Mr. Berman as custodian of an account for the benefit of his child under the Uniform Transfers to Minors Act.
F3 Each restricted stock unit represents the right to receive one share of Cullen/Frost common stock.
F4 Generally vest after four years from grant date of 10-24-2017.