Paul Bracher - Jan 31, 2025 Form 4 Insider Report for CULLEN/FROST BANKERS, INC. (CFR)

Signature
/s/ Paul Bracher, by Kirsten Irwin under POA
Stock symbol
CFR
Transactions as of
Jan 31, 2025
Transactions value $
-$854,910
Form type
4
Date filed
2/3/2025, 01:02 PM
Previous filing
Oct 31, 2024
Next filing
Feb 7, 2025

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 $749K +11.5K +11.17% $65.11 114K Jan 31, 2025 Direct F1
transaction CFR Common Stock, $0.01 par value Sale -$1.6M -11.5K -10.05% $139.45 103K Jan 31, 2025 Direct
holding CFR Common Stock, $0.01 par value 48.9K Jan 31, 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 Employee Stock Option (right to buy) Options Exercise $0 -11.5K -100% $0.00 0 Jan 31, 2025 Common Stock, $0.01 par value 11.5K $65.11 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 320 shares transferred from Thrift Stock Plan.