Jerry Salinas - Oct 23, 2022 Form 4 Insider Report for CULLEN/FROST BANKERS, INC. (CFR)

Role
GEVP and CFO
Signature
/s/ Jerry Salinas, by Susan Murr under POA
Stock symbol
CFR
Transactions as of
Oct 23, 2022
Transactions value $
-$142,932
Form type
4
Date filed
10/25/2022, 02:04 PM
Previous filing
Aug 15, 2022
Next filing
Oct 27, 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 $0 +2.56K +9.2% $0.00 30.4K Oct 23, 2022 Direct
transaction CFR Common Stock, $0.01 par value Tax liability -$143K -1.01K -3.31% $142.08 29.3K Oct 23, 2022 Direct
holding CFR Common Stock, $0.01 par value 25.9K Oct 23, 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 Restricted Stock Units Options Exercise $0 -2.59K -100% $0.00* 0 Oct 23, 2022 Common Stock 2.59K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents the right to receive one share of Cullen/Frost common stock.
F2 Cliff vested four years from grant date of 10-23-2018.