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

Role
Chairman and CEO, Director
Signature
/s/ Phillip D. Green
Issuer symbol
CFR
Transactions as of
29 Oct 2023
Net transactions value
-$422,166
Form type
4
Filing time
30 Oct 2023, 15:18:13 UTC
Previous filing
26 Oct 2023
Next filing
13 Dec 2023
SEC
View on sec.gov

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 +11,966 +10% $0.000000 126,345 29 Oct 2023 Direct
transaction CFR Common Stock, $0.01 par value Tax liability $422,166 -4,708 -3.7% $89.67 121,637 29 Oct 2023 Direct F1
holding CFR Common Stock, $0.01 par value 1,100 29 Oct 2023 By Spouse
holding CFR Common Stock, $0.01 par value 27,260 29 Oct 2023 Trusts for Children F2
holding CFR Common Stock, $0.01 par value 155 29 Oct 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 -11,966 -100% $0.000000* 0 29 Oct 2023 Common Stock 11,966 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.