Phillip D. Green - Mar 7, 2023 Form 4 Insider Report for CULLEN/FROST BANKERS, INC. (CFR)

Role
Chairman and CEO, Director
Signature
/s/ Phillip D. Green
Stock symbol
CFR
Transactions as of
Mar 7, 2023
Transactions value $
-$600,029
Form type
4
Date filed
3/9/2023, 12:04 PM
Previous filing
Feb 13, 2023
Next filing
Mar 13, 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 +11.9K +12.19% $0.00 110K Mar 7, 2023 Direct F1
transaction CFR Common Stock, $0.01 par value Tax liability -$600K -4.7K -4.27% $127.72 105K Mar 7, 2023 Direct
holding CFR Common Stock, $0.01 par value 1.1K Mar 7, 2023 By Spouse
holding CFR Common Stock, $0.01 par value 27.3K Mar 7, 2023 Trusts for Children F2
* 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 Some of Mr. Green's children are beneficiaries of trusts of which Mr. Green is a trustee.