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

Role
President of CFBI
Signature
/s/ Paul Bracher
Issuer symbol
CFR
Transactions as of
24 Oct 2021
Net transactions value
-$117,522
Form type
4
Filing time
26 Oct 2021, 15:50:32 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 +2,275 +2.7% $0.000000 87,382 24 Oct 2021 Direct
transaction CFR Common Stock, $0.01 par value Tax liability $117,522 -895 -1% $131.31 86,487 24 Oct 2021 Direct
holding CFR Common Stock, $0.01 par value 43,464 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 -2,275 -100% $0.000000* 0 24 Oct 2021 Common Stock 2,275 Direct F1, F2
* 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 Generally vest after four years from grant date of 10-24-2017.