Bobby Berman - Mar 7, 2023 Form 4 Insider Report for CULLEN/FROST BANKERS, INC. (CFR)

Role
GEVP Research & Strategy
Signature
/s/ Bobby Berman, by Susan Murr under POA
Stock symbol
CFR
Transactions as of
Mar 7, 2023
Transactions value $
-$41,254
Form type
4
Date filed
3/9/2023, 11:59 AM
Previous filing
Dec 15, 2022
Next filing
May 4, 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 +1.33K +5.49% $0.00 25.5K Mar 7, 2023 Direct F1
transaction CFR Common Stock, $0.01 par value Tax liability -$41.3K -323 -1.27% $127.72 25.2K Mar 7, 2023 Direct
holding CFR Common Stock, $0.01 par value 15.9K Mar 7, 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.