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

Role
GEVP Chief Consumer Banking
Signature
/s/ Jimmy Stead, by Susan Murr under POA
Stock symbol
CFR
Transactions as of
Oct 29, 2023
Transactions value $
-$31,833
Form type
4
Date filed
10/30/2023, 03:21 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 +1.46K +20.99% $0.00 8.43K Oct 29, 2023 Direct
transaction CFR Common Stock, $0.01 par value Tax liability -$31.8K -355 -4.21% $89.67 8.07K Oct 29, 2023 Direct
holding CFR Common Stock, $0.01 par value 3.3K 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 -1.46K -100% $0.00* 0 Oct 29, 2023 Common Stock 1.46K 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.