Carlos Alvarez - Apr 26, 2023 Form 4 Insider Report for CULLEN/FROST BANKERS, INC. (CFR)

Role
Director
Signature
/s/ Carlos Alvarez, by Susan Murr under POA
Stock symbol
CFR
Transactions as of
Apr 26, 2023
Transactions value $
$0
Form type
4
Date filed
4/28/2023, 11:29 AM
Previous filing
Apr 29, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CFR Deferred Stock Units Award $0 +773 +8.98% $0.00 9.38K Apr 26, 2023 Common Stock 773 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each deferred stock unit represents the right to receive one share of Cullen/Frost Bankers, Inc. common stock.
F2 The deferred stock units vested on April 26, 2023. Shares will be delivered to the reporting person on the date when the reporting person experiences a separation from service with Cullen/Frost Bankers, Inc.