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

Signature
/s/ Jimmy Stead, by Susan Murr under POA
Issuer symbol
CFR
Transactions as of
07 Mar 2023
Net transactions value
-$45,341
Form type
4
Filing time
09 Mar 2023, 12:08:41 UTC
Previous filing
27 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 +1,460 +25% $0.000000 7,319 07 Mar 2023 Direct F1
transaction CFR Common Stock, $0.01 par value Tax liability $45,341 -355 -4.9% $127.72 6,964 07 Mar 2023 Direct
holding CFR Common Stock, $0.01 par value 3,062 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.