Patrick B. Frost - May 19, 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
May 19, 2023
Transactions value $
-$92,101
Form type
4
Date filed
5/23/2023, 11:06 AM
Previous filing
May 18, 2023
Next filing
Oct 26, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CFR Common Stock, $0.01 par value Options Exercise $577K +8.08K +3.86% $71.39 218K May 19, 2023 Direct
transaction CFR Common Stock, $0.01 par value Sale -$405K -4.02K -1.85% $100.70 214K May 19, 2023 Direct F1
transaction CFR Common Stock, $0.01 par value Sale -$264K -2.6K -1.22% $101.70 211K May 19, 2023 Direct F2
holding CFR Common Stock, $0.01 par value 5.26K May 19, 2023 Through Trust (Marital Trust-B) F3
holding CFR Common Stock, $0.01 par value 30.8K May 19, 2023 Through Trust [Family Trust-B] F4
holding CFR Common Stock, $0.01 par value 30.8K May 19, 2023 Through Trust [Family Trust-B fbo Patrick F5
holding CFR Common Stock, $0.01 par value 30.8K May 19, 2023 Through Trust [Family Trust-B fbo Thomas C. Frost III F4
holding CFR Common Stock, $0.01 par value 30.8K May 19, 2023 Through Trust [Family Trust-B fbo Donald B. Frost] F4
holding CFR Common Stock, $0.01 par value 30.8K May 19, 2023 Through Trust [Family Trust-B fbo William H. Frost] F4
holding CFR Common Stock, $0.01 par value 25K May 19, 2023 Through Trust [Legacy Trust] F3
holding CFR Common Stock, $0.01 par value 22K May 19, 2023 Through Trust [Legacy Trust fbo Thomas C. Frost III] F4
holding CFR Common Stock, $0.01 par value 22K May 19, 2023 Through Trust [Legacy Trust fbo Donald B. Frost] F4
holding CFR Common Stock, $0.01 par value 22K May 19, 2023 Through Trust [Legacy Trust fbo William H. Frost F4
holding CFR Common Stock, $0.01 par value 30.4K May 19, 2023 Through Trust [Legacy Trust fbo Patrick B. Frost] F5
holding CFR Common Stock, $0.01 par value 30.4K May 19, 2023 Through Trust [Legacy Trust fbo Thomas C. Frost III] F4
holding CFR Common Stock, $0.01 par value 30.4K May 19, 2023 Through Trust [Legacy Trust fbo Donald B. Frost] F4
holding CFR Common Stock, $0.01 par value 30.4K May 19, 2023 Through Trust [Legacy Trust fbo William H. Frost F4
holding CFR Common Stock, $0.01 par value 10.6K May 19, 2023 Through Trust F6
holding CFR Common Stock, $0.01 par value 16.9K May 19, 2023 Through Estate F7
holding CFR Common Stock, $0.01 par value 46.6K May 19, 2023 Through Trust F6
holding CFR Common Stock, $0.01 par value 630 May 19, 2023 By Spouse F8
holding CFR Common Stock, $0.01 par value 2.7K May 19, 2023 Through Trust F9
holding CFR Common Stock, $0.01 par value 1.49K May 19, 2023 Through Limited Liability Company F10
holding CFR Common Stock, $0.01 par value 43K May 19, 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 The price in Column 4 is based on a weighted average price. The prices actually paid range from $100.05 to $101.00. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
F2 The price in Column 4 is based on a weighted average price. The prices actually paid range from $101.10 to $102.07. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
F3 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.
F4 Reflects shares of Common Stock held through a trust of which Mr. Frost is the sole trustee and one of his siblings is the sole beneficiary. Mr. Frost disclaims beneficial ownership of these shares except to the extent of his pecuniary interest
F5 Reflects shares of Common Stock held through a trust of which Mr. Frost is the sole trustee and beneficiary.
F6 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.
F7 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.
F8 Mr. Frost disclaims beneficial ownership of these shares.
F9 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.
F10 Reflects shares of Common Stock held through a limited liability company of which Mr. Frost is the manager.