Patrick B. Frost - Mar 7, 2023 Form 4 Insider Report for CULLEN/FROST BANKERS, INC. (CFR)

Role
President of Frost Bank, Director
Signature
/s/ Patrick B. Frost, by Susan Murr under POA
Stock symbol
CFR
Transactions as of
Mar 7, 2023
Transactions value $
-$59,390
Form type
4
Date filed
3/9/2023, 12:03 PM
Previous filing
Oct 27, 2022
Next filing
May 18, 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 +1.91K +0.92% $0.00 210K Mar 7, 2023 Direct F1
transaction CFR Common Stock, $0.01 par value Tax liability -$59.4K -465 -0.22% $127.72 209K Mar 7, 2023 Direct
holding CFR Common Stock, $0.01 par value 251K Mar 7, 2023 Through Trust F2
holding CFR Common Stock, $0.01 par value 10.6K Mar 7, 2023 Through Trust F3
holding CFR Common Stock, $0.01 par value 16.9K Mar 7, 2023 Through Estate F4
holding CFR Common Stock, $0.01 par value 46.6K Mar 7, 2023 Through Trust F3
holding CFR Common Stock, $0.01 par value 630 Mar 7, 2023 By Spouse F5
holding CFR Common Stock, $0.01 par value 2.7K Mar 7, 2023 Through Trust F6
holding CFR Common Stock, $0.01 par value 121K Mar 7, 2023 Through Trust F7
holding CFR Common Stock, $0.01 par value 1.49K Mar 7, 2023 Through Limited Liability Company F8
holding CFR Common Stock, $0.01 par value 42.3K 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.
F2 Reflects shares of Common Stock by a trust of which Mr. Frost is the sole trustee and Mr. Frost and his siblings are beneficiaries. Mr. Frost disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
F3 Reflects shares of Common Stock held through a trust of which Mr. Frost is the sole trustee and Mr. Frost and his children are beneficiaries. Mr. Frost disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
F4 Reflects shares of Common Stock held through an estate of which Mr. Frost is the executor and a beneficiary. Mr. Frost disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
F5 Mr. Frost disclaims beneficial ownership of these shares.
F6 Reflects shares of Common Stock held by separate trusts of which Mr. Frost is the sole trustee and Mr. Frost's children are beneficiaries. Mr. Frost disclaims beneficial ownership of these shares.
F7 Reflects shares of Common Stock held through a trust of which Mr. Frost is the sole trustee and Mr. Frost and his siblings are beneficiaries. Mr. Frost disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
F8 Reflects shares of Common Stock held through a limited liability company of which Mr. Frost is the manager.