Carol Jean Severyn - 05 Nov 2021 Form 4 Insider Report for CULLEN/FROST BANKERS, INC. (CFR)

Role
GEVP and Chief Risk Officer
Signature
/s/ Carol J. Severyn
Issuer symbol
CFR
Transactions as of
05 Nov 2021
Net transactions value
-$450,400
Form type
4
Filing time
08 Nov 2021, 16:00:50 UTC
Previous filing
28 Oct 2021
Next filing
25 Oct 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 $394,600 +5,000 +352% $78.92 6,421 05 Nov 2021 Direct
transaction CFR Common Stock, $0.01 par value Options Exercise $162,775 +2,500 +39% $65.11 8,921 05 Nov 2021 Direct
transaction CFR Common Stock, $0.01 par value Sale $1,007,775 -7,500 -84% $134.37 1,421 05 Nov 2021 Direct F1
holding CFR Common Stock, $0.01 par value 8,560 05 Nov 2021 Through 401(k)

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 -5,000 -100% $0.000000* 0 05 Nov 2021 Common Stock 5,000 $78.92 Direct
transaction CFR Employee Stock Option (right to buy) Options Exercise $0 -2,500 -100% $0.000000* 0 05 Nov 2021 Common Stock 2,500 $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 $134.29 to $134.53. 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 range.