Howard L. Kasanoff - Jan 1, 2023 Form 3 Insider Report for CULLEN/FROST BANKERS, INC. (CFR)

Role
GEVP Chief Credit Officer
Signature
s/ Howard L. Kasanoff, by Susan Murr under POA
Stock symbol
CFR
Transactions as of
Jan 1, 2023
Transactions value $
$0
Form type
3
Date filed
1/10/2023, 10:16 AM
Next filing
May 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CFR Common Stock, $0.01 par value 639 Jan 1, 2023 Direct
holding CFR Common Stock, $0.01 par value 1.75K Jan 1, 2023 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
holding CFR Employee Stock Option (right to buy) Jan 1, 2023 Common Stock 3K $78.92 Direct F1
holding CFR Employee Stock Option (right to buy) Jan 1, 2023 Common Stock 4K $65.11 Direct F2
holding CFR Restricted Stock Units Jan 1, 2023 Common Stock 851 Direct F3, F4
holding CFR Restricted Stock Units Jan 1, 2023 Common Stock 1.13K Direct F4, F5
holding CFR Restricted Stock Units Jan 1, 2023 Common Stock 997 Direct F4, F6
holding CFR Restricted Stock Units Jan 1, 2023 Common Stock 1.07K Direct F4, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Vest 25% per year for four years from grant date of 10-28-2014.
F2 Vest 25% per year for four years from grant date of 10-27-2015.
F3 RSU cliff vests four years from the grant date of 10-29-2019.
F4 Each restricted stock unit represents the right to receive one share of Cullen/Frost common stock.
F5 RSU cliff vests four years from the grant date of 10-27-2020.
F6 RSU cliff vests three years from the grant date of 10-26-2021.
F7 RSU cliff vests three years from the grant date of 10-25-2022.