Carol Jean Severyn - Feb 1, 2023 Form 4 Insider Report for CULLEN/FROST BANKERS, INC. (CFR)

Role
GEVP and Chief Risk Officer
Signature
/s/ Carol J. Severyn, by Susan Murr under POA
Stock symbol
CFR
Transactions as of
Feb 1, 2023
Transactions value $
-$19,385
Form type
4
Date filed
2/3/2023, 11:54 AM
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 +508 +20.25% $0.00 3.02K Feb 1, 2023 Direct
transaction CFR Common Stock, $0.01 par value Tax liability -$19.4K -150 -4.97% $129.23 2.87K Feb 1, 2023 Direct
holding CFR Common Stock, $0.01 par value 8.69K Feb 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
transaction CFR Restricted Stock Units Options Exercise $0 +508 $0.00* 0 Feb 1, 2023 Common Stock 508 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 02-01-2019.