Jerry Salinas - 11 Aug 2022 Form 4 Insider Report for CULLEN/FROST BANKERS, INC. (CFR)

Role
GEVP and CFO
Signature
/s/ Jerry Salinas, by power of attorney
Issuer symbol
CFR
Transactions as of
11 Aug 2022
Net transactions value
-$953,699
Form type
4
Filing time
15 Aug 2022, 11:13:03 UTC
Previous filing
10 Mar 2022
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 $654,720 +12,000 +43% $54.56 39,792 11 Aug 2022 Direct
transaction CFR Common Stock, $0.01 par value Sale $1,608,419 -12,000 -30% $134.03 27,792 11 Aug 2022 Direct F1
holding CFR Common Stock, $0.01 par value 21 11 Aug 2022 By Daughter F2
holding CFR Common Stock, $0.01 par value 25,707 11 Aug 2022 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 -12,000 -100% $0.000000* 0 11 Aug 2022 Common Stock 12,000 $54.56 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 shares were sold based on a price range from $133.92 to $134.125. 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 Mr. Salinas disclaims beneficial ownership of these shares.