Phillip D. Green - 02 Nov 2021 Form 4 Insider Report for CULLEN/FROST BANKERS, INC. (CFR)

Role
Chairman and CEO, Director
Signature
/s/ Phillip D. Green
Issuer symbol
CFR
Transactions as of
02 Nov 2021
Net transactions value
-$5,435,595
Form type
4
Filing time
04 Nov 2021, 17:25:07 UTC
Previous filing
28 Oct 2021
Next filing
11 Feb 2022
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 $867,504 +15,900 +26% $54.56 76,836 02 Nov 2021 Direct
transaction CFR Common Stock, $0.01 par value Options Exercise $875,241 +12,260 +16% $71.39 89,096 02 Nov 2021 Direct
transaction CFR Common Stock, $0.01 par value Options Exercise $1,176,697 +14,910 +17% $78.92 104,006 02 Nov 2021 Direct
transaction CFR Common Stock, $0.01 par value Options Exercise $2,246,621 +34,505 +33% $65.11 138,511 02 Nov 2021 Direct
transaction CFR Common Stock, $0.01 par value Sale $1,865,110 -13,708 -9.9% $136.06 124,803 02 Nov 2021 Direct F1
transaction CFR Common Stock, $0.01 par value Sale $8,378,941 -61,263 -49% $136.77 63,540 02 Nov 2021 Direct F2
transaction CFR Common Stock, $0.01 par value Sale $357,607 -2,604 -4.1% $137.33 60,936 02 Nov 2021 Direct F3
holding CFR Common Stock, $0.01 par value 1,100 02 Nov 2021 By Spouse
holding CFR Common Stock, $0.01 par value 26,985 02 Nov 2021 Trusts for Children F4
holding CFR Common Stock, $0.01 par value 48,544 02 Nov 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 Employee Stock Option (right to buy) Options Exercise $0 -15,900 -100% $0.000000* 0 02 Nov 2021 Common Stock 15,900 $54.56 Direct
transaction CFR Employee Stock Option (right to buy) Options Exercise $0 -12,260 -100% $0.000000* 0 02 Nov 2021 Common Stock 12,260 $71.39 Direct
transaction CFR Employee Stock Option (right to buy) Options Exercise $0 -14,910 -100% $0.000000* 0 02 Nov 2021 Common Stock 14,910 $78.92 Direct
transaction CFR Employee Stock Option (right to buy) Options Exercise $0 -34,505 -50% $0.000000 34,505 02 Nov 2021 Common Stock 34,505 $65.11 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price in Column 4 is based on a weighted average price. The prices actually paid range from $135.30 to $136.29. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the ranges set forth in footnotes 1 through 3 to this Form 4.
F2 The price in Column 4 is based on a weighted average price. The prices actually paid range from $136.30 to $137.28.
F3 The price in Column 4 is based on a weighted average price. The prices actually paid range from $137.30 to $137.46.
F4 Some of Mr. Green's children are beneficiaries of trusts of which Mr. Green is a trustee.