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

Role
GEVP and CFO
Signature
/s/ Jerry Salinas, by Susan Murr under POA
Issuer symbol
CFR
Transactions as of
29 Oct 2023
Net transactions value
-$90,925
Form type
4
Filing time
30 Oct 2023, 15:20:34 UTC
Previous filing
26 Oct 2023
Next filing
07 Mar 2024
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 +2,579 +8.2% $0.000000 34,122 29 Oct 2023 Direct
transaction CFR Common Stock, $0.01 par value Tax liability $90,925 -1,014 -3% $89.67 33,108 29 Oct 2023 Direct
holding CFR Common Stock, $0.01 par value 26,015 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 -2,579 -100% $0.000000* 0 29 Oct 2023 Common Stock 2,579 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.