Phillip D. Green - Oct 24, 2021 Form 4 Insider Report for CULLEN/FROST BANKERS, INC. (CFR)

Role
Chairman and CEO, Director
Signature
/s/ Phillip D. Green
Stock symbol
CFR
Transactions as of
Oct 24, 2021
Transactions value $
-$444,090
Form type
4
Date filed
10/26/2021, 03:51 PM
Next filing
Oct 28, 2021

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 +8.6K +15.42% $0.00 64.3K Oct 24, 2021 Direct
transaction CFR Common Stock, $0.01 par value Tax liability -$444K -3.38K -5.26% $131.31 60.9K Oct 24, 2021 Direct
holding CFR Common Stock, $0.01 par value 1.1K Oct 24, 2021 By Spouse
holding CFR Common Stock, $0.01 par value 27K Oct 24, 2021 Trusts for Children F1
holding CFR Common Stock, $0.01 par value 48.5K Oct 24, 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 -8.6K -100% $0.00* 0 Oct 24, 2021 Common Stock 8.6K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Some of Mr. Green's children are beneficiaries of trusts of which Mr. Green is a trustee.
F2 Each restricted stock unit represents the right to receive one share of Cullen/Frost common stock.
F3 Generally vest after four years from grant date of 10-24-2017.