Jerry Salinas - Oct 29, 2023 Form 4 Insider Report for CULLEN/FROST BANKERS, INC. (CFR)

Role
GEVP and CFO
Signature
/s/ Jerry Salinas, by Susan Murr under POA
Stock symbol
CFR
Transactions as of
Oct 29, 2023
Transactions value $
-$90,925
Form type
4
Date filed
10/30/2023, 03:20 PM
Previous filing
Oct 26, 2023
Next filing
Mar 7, 2024

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 +2.58K +8.18% $0.00 34.1K Oct 29, 2023 Direct
transaction CFR Common Stock, $0.01 par value Tax liability -$90.9K -1.01K -2.97% $89.67 33.1K Oct 29, 2023 Direct
holding CFR Common Stock, $0.01 par value 26K 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 -2.58K -100% $0.00* 0 Oct 29, 2023 Common Stock 2.58K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents the right to receive one share of Cullen/Frost common stock.
F2 Cliff vested four years from grant date of 10-29-2019.