Jerry Salinas - Oct 31, 2022 Form 4/A - Amendment 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 31, 2022
Transactions value $: -$142,932
Form type: 4/A - Amendment
Date filed: 10/31/2022, 04:57 PM
Date Of Original Report: Oct 25, 2022
Previous filing: Oct 27, 2022
Next filing: Mar 9, 2023

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 31, 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	-2.56K	-100%	$0.00^*	0	Oct 23, 2022	Common Stock	2.56K		Direct	F1, F2, F3

* 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	This report on Form 4/A updates the number of restricted stock units previously reported on October 25, 2022 due to a typographical error.
F3	Cliff vested four years from grant date of 10-23-2018.