Carol Jean Severyn - Nov 5, 2021 Form 4 Insider Report for CULLEN/FROST BANKERS, INC. (CFR)

Role
GEVP and Chief Risk Officer
Signature
/s/ Carol J. Severyn
Stock symbol
CFR
Transactions as of
Nov 5, 2021
Transactions value $
-$450,400
Form type
4
Date filed
11/8/2021, 04:00 PM
Previous filing
Oct 28, 2021
Next filing
Oct 25, 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 $395K +5K +351.86% $78.92 6.42K Nov 5, 2021 Direct
transaction CFR Common Stock, $0.01 par value Options Exercise $163K +2.5K +38.93% $65.11 8.92K Nov 5, 2021 Direct
transaction CFR Common Stock, $0.01 par value Sale -$1.01M -7.5K -84.07% $134.37 1.42K Nov 5, 2021 Direct F1
holding CFR Common Stock, $0.01 par value 8.56K Nov 5, 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 -5K -100% $0.00* 0 Nov 5, 2021 Common Stock 5K $78.92 Direct
transaction CFR Employee Stock Option (right to buy) Options Exercise $0 -2.5K -100% $0.00* 0 Nov 5, 2021 Common Stock 2.5K $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 $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.