Phillip D. Green - Oct 29, 2023 Form 4 Insider Report for CULLEN/FROST BANKERS, INC. (CFR)

Role
Chairman and CEO, Director
Signature
/s/ Phillip D. Green
Stock symbol
CFR
Transactions as of
Oct 29, 2023
Transactions value $
-$422,166
Form type
4
Date filed
10/30/2023, 03:18 PM
Previous filing
Oct 26, 2023
Next filing
Dec 13, 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 $0 +12K +10.46% $0.00 126K Oct 29, 2023 Direct
transaction CFR Common Stock, $0.01 par value Tax liability -$422K -4.71K -3.73% $89.67 122K Oct 29, 2023 Direct F1
holding CFR Common Stock, $0.01 par value 1.1K Oct 29, 2023 By Spouse
holding CFR Common Stock, $0.01 par value 27.3K Oct 29, 2023 Trusts for Children F2
holding CFR Common Stock, $0.01 par value 155 Oct 29, 2023 Through 401(k) Plan

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 -12K -100% $0.00* 0 Oct 29, 2023 Common Stock 12K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 49,415 shares transferred from 401(k) Plan.
F2 Some of Mr. Green's children are beneficiaries of trusts of which Mr. Green is a trustee.
F3 Each restricted stock unit represents the right to receive one share of Cullen/Frost common stock.
F4 Cliff vested four years from grant date of 10-29-2019.