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

Role
GEVP and CFO
Signature
/s/ Jerry Salinas
Stock symbol
CFR
Transactions as of
Nov 10, 2021
Transactions value $
-$2,328,346
Form type
4
Date filed
11/15/2021, 04:13 PM
Previous filing
Oct 28, 2021
Next filing
Mar 10, 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 $660K +9.24K +36.9% $71.39 34.3K Nov 10, 2021 Direct
transaction CFR Common Stock, $0.01 par value Options Exercise $947K +12K +35.01% $78.92 46.3K Nov 10, 2021 Direct
transaction CFR Common Stock, $0.01 par value Options Exercise $999K +15.3K +33.15% $65.11 61.6K Nov 10, 2021 Direct
transaction CFR Common Stock, $0.01 par value Sale -$2.7M -20.1K -32.54% $134.45 41.6K Nov 10, 2021 Direct F1
transaction CFR Common Stock, $0.01 par value Sale -$2.16M -16K -38.44% $135.37 25.6K Nov 10, 2021 Direct F2
transaction CFR Common Stock, $0.01 par value Sale -$75K -551 -2.15% $136.15 25K Nov 10, 2021 Direct F3
holding CFR Common Stock, $0.01 par value 21 Nov 10, 2021 By Daughter F4
holding CFR Common Stock, $0.01 par value 25.1K Nov 10, 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 -9.24K -100% $0.00* 0 Nov 10, 2021 Common Stock 9.24K $71.39 Direct
transaction CFR Employee Stock Option (right to buy) Options Exercise $0 -12K -100% $0.00* 0 Nov 10, 2021 Common Stock 12K $78.92 Direct
transaction CFR Employee Stock Option (right to buy) Options Exercise $0 -15.3K -100% $0.00* 0 Nov 10, 2021 Common Stock 15.3K $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.