Jerry Salinas - 10 Nov 2021 Form 4 Insider Report for CULLEN/FROST BANKERS, INC. (CFR)

Role
GEVP and CFO
Signature
/s/ Jerry Salinas
Issuer symbol
CFR
Transactions as of
10 Nov 2021
Net transactions value
-$2,328,346
Form type
4
Filing time
15 Nov 2021, 16:13:29 UTC
Previous filing
28 Oct 2021
Next filing
10 Mar 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 $659,644 +9,240 +37% $71.39 34,280 10 Nov 2021 Direct
transaction CFR Common Stock, $0.01 par value Options Exercise $947,040 +12,000 +35% $78.92 46,280 10 Nov 2021 Direct
transaction CFR Common Stock, $0.01 par value Options Exercise $998,787 +15,340 +33% $65.11 61,620 10 Nov 2021 Direct
transaction CFR Common Stock, $0.01 par value Sale $2,695,857 -20,051 -33% $134.45 41,569 10 Nov 2021 Direct F1
transaction CFR Common Stock, $0.01 par value Sale $2,162,942 -15,978 -38% $135.37 25,591 10 Nov 2021 Direct F2
transaction CFR Common Stock, $0.01 par value Sale $75,019 -551 -2.2% $136.15 25,040 10 Nov 2021 Direct F3
holding CFR Common Stock, $0.01 par value 21 10 Nov 2021 By Daughter F4
holding CFR Common Stock, $0.01 par value 25,135 10 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 -9,240 -100% $0.000000* 0 10 Nov 2021 Common Stock 9,240 $71.39 Direct
transaction CFR Employee Stock Option (right to buy) Options Exercise $0 -12,000 -100% $0.000000* 0 10 Nov 2021 Common Stock 12,000 $78.92 Direct
transaction CFR Employee Stock Option (right to buy) Options Exercise $0 -15,340 -100% $0.000000* 0 10 Nov 2021 Common Stock 15,340 $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 $134.00 to $134.99. 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.
F2 The price in Column 4 is based on a weighted average price. The prices actually paid range from $135.00 to $135.99. 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.
F3 The price in Column 4 is based on a weighted average price. The prices actually paid range from $136.00 to $136.39. 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.
F4 Mr. Salinas disclaims beneficial ownership of these shares.