Bobby Berman - 07 Mar 2023 Form 4 Insider Report for CULLEN/FROST BANKERS, INC. (CFR)

Signature
/s/ Bobby Berman, by Susan Murr under POA
Issuer symbol
CFR
Transactions as of
07 Mar 2023
Net transactions value
-$41,254
Form type
4
Filing time
09 Mar 2023, 11:59:51 UTC
Previous filing
15 Dec 2022
Next filing
04 May 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CFR Common Stock, $0.01 par value Award $0 +1,327 +5.5% $0.000000 25,485 07 Mar 2023 Direct F1
transaction CFR Common Stock, $0.01 par value Tax liability $41,254 -323 -1.3% $127.72 25,162 07 Mar 2023 Direct
holding CFR Common Stock, $0.01 par value 15,882 07 Mar 2023 Through 401(k) Plan
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares earned for the performance stock units (PSUs) granted in 2019 for the three-year performance period ending December 31, 2022 as approved by the Compensation and Benefits Committee of the Board of Directors on March 7, 2023.