Matthew Bradley Henson - 25 Oct 2025 Form 4 Insider Report for CULLEN/FROST BANKERS, INC. (CFR)

Role
Chief Accounting Officer
Signature
Matt Henson, under POA by Kirsten Irwin
Issuer symbol
CFR
Transactions as of
25 Oct 2025
Net transactions value
-$12,736
Form type
4
Filing time
27 Oct 2025, 12:39:16 UTC
Previous filing
05 May 2025
Next filing
30 Oct 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Henson Matthew Bradley Chief Accounting Officer 111 W. HOUSTON ST, SAN ANTONIO Matt Henson, under POA by Kirsten Irwin 27 Oct 2025 0002050987

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 +419 $0.000000 419 25 Oct 2025 Direct
transaction CFR Common Stock, $0.01 par value Tax liability $12,736 -102 -24% $124.86 317 25 Oct 2025 Direct
holding CFR Depositary Share 5,545 25 Oct 2025 Direct F1
holding CFR Common Stock, $0.01 par value 6,306 25 Oct 2025 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 -419 -100% $0.000000 0 25 Oct 2025 Common Stock, $0.01 par value 419 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each depositary shares represents 1/40th interest in a share of our 4.450% Non-Cumulative Perpetual Preferred Stock Series B
F2 Each restricted stock unit represents the right to receive one share of Cullen/Frost common stock.
F3 Cliff vested three years from grant date of 10/25/2022.