Phillip D. Green - Nov 2, 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
Nov 2, 2021
Transactions value $
-$5,435,595
Form type
4
Date filed
11/4/2021, 05:25 PM
Previous filing
Oct 28, 2021
Next filing
Feb 11, 2022

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 $868K +15.9K +26.09% $54.56 76.8K Nov 2, 2021 Direct
transaction CFR Common Stock, $0.01 par value Options Exercise $875K +12.3K +15.96% $71.39 89.1K Nov 2, 2021 Direct
transaction CFR Common Stock, $0.01 par value Options Exercise $1.18M +14.9K +16.73% $78.92 104K Nov 2, 2021 Direct
transaction CFR Common Stock, $0.01 par value Options Exercise $2.25M +34.5K +33.18% $65.11 139K Nov 2, 2021 Direct
transaction CFR Common Stock, $0.01 par value Sale -$1.87M -13.7K -9.9% $136.06 125K Nov 2, 2021 Direct F1
transaction CFR Common Stock, $0.01 par value Sale -$8.38M -61.3K -49.09% $136.77 63.5K Nov 2, 2021 Direct F2
transaction CFR Common Stock, $0.01 par value Sale -$358K -2.6K -4.1% $137.33 60.9K Nov 2, 2021 Direct F3
holding CFR Common Stock, $0.01 par value 1.1K Nov 2, 2021 By Spouse
holding CFR Common Stock, $0.01 par value 27K Nov 2, 2021 Trusts for Children F4
holding CFR Common Stock, $0.01 par value 48.5K Nov 2, 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 -15.9K -100% $0.00* 0 Nov 2, 2021 Common Stock 15.9K $54.56 Direct
transaction CFR Employee Stock Option (right to buy) Options Exercise $0 -12.3K -100% $0.00* 0 Nov 2, 2021 Common Stock 12.3K $71.39 Direct
transaction CFR Employee Stock Option (right to buy) Options Exercise $0 -14.9K -100% $0.00* 0 Nov 2, 2021 Common Stock 14.9K $78.92 Direct
transaction CFR Employee Stock Option (right to buy) Options Exercise $0 -34.5K -50% $0.00 34.5K Nov 2, 2021 Common Stock 34.5K $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.