Patrick B. Frost - Oct 29, 2023 Form 4 Insider Report for CULLEN/FROST BANKERS, INC. (CFR)

Signature
/s/ Patrick B. Frost, by Susan Murr under POA
Stock symbol
CFR
Transactions as of
Oct 29, 2023
Transactions value $
-$67,522
Form type
4
Date filed
10/30/2023, 03:17 PM
Previous filing
Oct 26, 2023
Next filing
Mar 7, 2024

Transactions Table

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 Units Options Exercise $0 +1.91K $0.00* 0 Oct 29, 2023 Common Stock 1.91K Direct F10, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 40,372 shares transferred from 401(k)Plan
F2 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.
F3 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
F4 Reflects shares of Common Stock held through a trust of which Mr. Frost is the sole trustee and beneficiary.
F5 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.
F6 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.
F7 Mr. Frost disclaims beneficial ownership of these shares.
F8 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.
F9 Reflects shares of Common Stock held through a limited liability company of which Mr. Frost is the manager.
F10 Each restricted stock unit represents the right to receive one share of Cullen/Frost common stock.
F11 Cliff vested four years from grant date of 10-29-2019.