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

Signature
/s/ Jerry Salinas, by Susan Murr under POA
Issuer symbol
CFR
Transactions as of
07 Mar 2023
Net transactions value
-$79,953
Form type
4
Filing time
09 Mar 2023, 12:06:23 UTC
Previous filing
31 Oct 2022
Next filing
26 Oct 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 +2,573 +8.7% $0.000000 32,169 07 Mar 2023 Direct F1
transaction CFR Common Stock, $0.01 par value Tax liability $79,953 -626 -1.9% $127.72 31,543 07 Mar 2023 Direct
holding CFR Common Stock, $0.01 par value 25,864 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.