Howard L. Kasanoff - 24 Oct 2023 Form 4 Insider Report for CULLEN/FROST BANKERS, INC. (CFR)

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	Restricted Stock Unirts	Award	$0	+2,004		$0.000000	2,004	24 Oct 2023	Common Stock	2,004		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	Each restricted stock unit represents the right to receive one share of Cullen/Frost common stock.
F2	Cliff vests three years from the date of grant.