Paul Bracher - Feb 14, 2023 Form 4 Insider Report for CULLEN/FROST BANKERS, INC. (CFR)

Role
President of CFR
Signature
/s/ Paul Bracher, by Susan Murr under POA
Stock symbol
CFR
Transactions as of
Feb 14, 2023
Transactions value $
-$189,081
Form type
4
Date filed
2/15/2023, 10:58 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 $577K +8.08K +8.92% $71.39 98.7K Feb 14, 2023 Direct
transaction CFR Common Stock, $0.01 par value Sale -$766K -5.85K -5.93% $130.97 92.8K Feb 14, 2023 Direct F1

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 +8.08K $0.00* 0 Feb 14, 2023 Common Stock 8.08K $71.39 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 $130.79 to $131.10. 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.