Patrick B. Frost - 29 Oct 2023 Form 4 Insider Report for CULLEN/FROST BANKERS, INC. (CFR)

Reporting relationship: President of Frost Bank, Director
Issuer ticker: CFR
Reported as of: 29 Oct 2023
Net transaction value: -$67,522
SEC form: 4
Accepted by SEC: 30 Oct 2023, 15:17:07 UTC
Prior SEC filing: 26 Oct 2023
Next SEC filing: 07 Mar 2024
Source filing: View source filing
Reporting owner signature: /s/ Patrick B. Frost, by Susan Murr under POA

Key filing fact

Patrick B. Frost filed Form 4 for CULLEN/FROST BANKERS, INC. (CFR) on 30 Oct 2023.

Key facts

This page summarizes Patrick B. Frost's Form 4 filing for CULLEN/FROST BANKERS, INC. (CFR).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 30 Oct 2023, 15:17.

Change

Previous filing in this sequence was filed on 26 Oct 2023.
Current net transaction value: -$67,522.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CFR transaction

Common Stock, $0.01 par value

Options Exercise

Transaction value: $0
Shares: +1,914
Change %: +0.76%
Price: $0.000000
Shares after: 253,177
Date: 29 Oct 2023
Ownership: Direct

CFR transaction

Common Stock, $0.01 par value

Tax liability

Transaction value: $67,522
Shares: -753
Change %: -0.3%
Price: $89.67
Shares after: 252,424
Date: 29 Oct 2023
Ownership: Direct
Footnotes: F1

CFR holding

Common Stock, $0.01 par value

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 5,261
Date: 29 Oct 2023
Ownership: Through Trust (Marital Trust-B)
Footnotes: F2

CFR holding

Common Stock, $0.01 par value

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 30,774
Date: 29 Oct 2023
Ownership: Through Trust [Family Trust-B]
Footnotes: F3

CFR holding

Common Stock, $0.01 par value

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 30,774
Date: 29 Oct 2023
Ownership: Through Trust [Family Trust-B fbo Patrick
Footnotes: F4

CFR holding

Common Stock, $0.01 par value

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 30,774
Date: 29 Oct 2023
Ownership: Through Trust [Family Trust-B fbo Thomas C. Frost III
Footnotes: F3

CFR holding

Common Stock, $0.01 par value

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 30,774
Date: 29 Oct 2023
Ownership: Through Trust [Family Trust-B fbo Donald B. Frost]
Footnotes: F3

CFR holding

Common Stock, $0.01 par value

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 30,774
Date: 29 Oct 2023
Ownership: Through Trust [Family Trust-B fbo William H. Frost]
Footnotes: F3

CFR holding

Common Stock, $0.01 par value

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 25,045
Date: 29 Oct 2023
Ownership: Through Trust [Legacy Trust]
Footnotes: F2

CFR holding

Common Stock, $0.01 par value

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 22,003
Date: 29 Oct 2023
Ownership: Through Trust [Legacy Trust fbo Thomas C. Frost III]
Footnotes: F3

CFR holding

Common Stock, $0.01 par value

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 22,003
Date: 29 Oct 2023
Ownership: Through Trust [Legacy Trust fbo Donald B. Frost]
Footnotes: F3

CFR holding

Common Stock, $0.01 par value

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 22,003
Date: 29 Oct 2023
Ownership: Through Trust [Legacy Trust fbo William H. Frost
Footnotes: F3

CFR holding

Common Stock, $0.01 par value

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 30,351
Date: 29 Oct 2023
Ownership: Through Trust [Legacy Trust fbo Patrick B. Frost]
Footnotes: F4

CFR holding

Common Stock, $0.01 par value

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 30,351
Date: 29 Oct 2023
Ownership: Through Trust [Legacy Trust fbo Thomas C. Frost III]
Footnotes: F3

CFR holding

Common Stock, $0.01 par value

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 30,352
Date: 29 Oct 2023
Ownership: Through Trust [Legacy Trust fbo Donald B. Frost]
Footnotes: F3

CFR holding

Common Stock, $0.01 par value

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 30,351
Date: 29 Oct 2023
Ownership: Through Trust [Legacy Trust fbo William H. Frost
Footnotes: F3

CFR holding

Common Stock, $0.01 par value

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 10,612
Date: 29 Oct 2023
Ownership: Through Trust
Footnotes: F5

CFR holding

Common Stock, $0.01 par value

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 16,871
Date: 29 Oct 2023
Ownership: Through Estate
Footnotes: F6

CFR holding

Common Stock, $0.01 par value

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 46,556
Date: 29 Oct 2023
Ownership: Through Trust
Footnotes: F5

CFR holding

Common Stock, $0.01 par value

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 630
Date: 29 Oct 2023
Ownership: By Spouse
Footnotes: F7

CFR holding

Common Stock, $0.01 par value

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,700
Date: 29 Oct 2023
Ownership: Through Trust
Footnotes: F8

CFR holding

Common Stock, $0.01 par value

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,486
Date: 29 Oct 2023
Ownership: Through Limited Liability Company
Footnotes: F9

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CFR transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: +1,914
Change %
Price: $0.000000^*
Shares after: 0
Date: 29 Oct 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,914
Exercise price
Footnotes: F10, F11

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 11 footnotes

Footnote F1

Includes 40,372 shares transferred from 401(k)Plan

Footnote F2

Reflects shares of Common Stock held through a trust of which Mr. Frost is the sole trustee and Mr. Frost and his siblings are beneficiaries. Mr. Frost disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.

Footnote F3

Reflects shares of Common Stock held through a trust of which Mr. Frost is the sole trustee and one of his siblings is the sole beneficiary. Mr. Frost disclaims beneficial ownership of these shares except to the extent of his pecuniary interest

Footnote F4

Reflects shares of Common Stock held through a trust of which Mr. Frost is the sole trustee and beneficiary.

Footnote F5

Reflects shares of Common Stock held through a trust of which Mr. Frost is the sole trustee and Mr. Frost and his children are beneficiaries. Mr. Frost disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.

Footnote F6

Reflects shares of Common Stock held through an estate of which Mr. Frost is the executor and a beneficiary. Mr. Frost disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.

Footnote F7

Mr. Frost disclaims beneficial ownership of these shares.

Footnote F8

Reflects shares of Common Stock held by separate trusts of which Mr. Frost is the sole trustee and Mr. Frost's children are beneficiaries. Mr. Frost disclaims beneficial ownership of these shares.

Footnote F9

Reflects shares of Common Stock held through a limited liability company of which Mr. Frost is the manager.

Footnote F10

Each restricted stock unit represents the right to receive one share of Cullen/Frost common stock.

Footnote F11

Cliff vested four years from grant date of 10-29-2019.

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