William L. Perotti - 24 Oct 2021 Form 4 Insider Report for CULLEN/FROST BANKERS, INC. (CFR)

Role
GEVP and Chief Credit Officer
Signature
/s/ William L. Perotti
Issuer symbol
CFR
Transactions as of
24 Oct 2021
Net transactions value
-$84,826
Form type
4
Filing time
26 Oct 2021, 15:52:50 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 +1,643 +1.7% $0.000000 96,986 24 Oct 2021 Direct
transaction CFR Common Stock, $0.01 par value Tax liability $84,826 -646 -0.67% $131.31 96,340 24 Oct 2021 Direct
holding CFR Common Stock, $0.01 par value 45,147 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 -1,643 -100% $0.000000* 0 24 Oct 2021 Common Stock 1,643 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.