PATRICK B. FROST - 07 Mar 2023 Form 4 Insider Report for CULLEN/FROST BANKERS, INC. (CFR)

Role
President of Frost Bank, Director
Signature
/s/ Patrick B. Frost, by Susan Murr under POA
Issuer symbol
CFR
Transactions as of
07 Mar 2023
Transactions value $
-$59,390
Form type
4
Filing time
09 Mar 2023, 12:03:10 UTC
Previous filing
27 Oct 2022
Next filing
18 May 2023
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 Award $0 +1,910 +0.92% $0 209,941 07 Mar 2023 Direct F1
transaction CFR Common Stock, $0.01 par value Tax liability -$59,389 -465 -0.22% $127.72 209,476 07 Mar 2023 Direct
holding CFR Common Stock, $0.01 par value 251,450 07 Mar 2023 Through Trust F2
holding CFR Common Stock, $0.01 par value 10,612 07 Mar 2023 Through Trust F3
holding CFR Common Stock, $0.01 par value 16,870 07 Mar 2023 Through Estate F4
holding CFR Common Stock, $0.01 par value 46,555 07 Mar 2023 Through Trust F3
holding CFR Common Stock, $0.01 par value 630 07 Mar 2023 By Spouse F5
holding CFR Common Stock, $0.01 par value 2,700 07 Mar 2023 Through Trust F6
holding CFR Common Stock, $0.01 par value 121,405 07 Mar 2023 Through Trust F7
holding CFR Common Stock, $0.01 par value 1,486 07 Mar 2023 Through Limited Liability Company F8
holding CFR Common Stock, $0.01 par value 42,312 07 Mar 2023 Through 401(k) Plan
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares earned for the performance stock units (PSUs) granted in 2019 for the three-year performance period ending December 31, 2022 as approved by the Compensation and Benefits Committee of the Board of Directors on March 7, 2023.
F2 Reflects shares of Common Stock by 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.
F3 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.
F4 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.
F5 Mr. Frost disclaims beneficial ownership of these shares.
F6 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.
F7 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.
F8 Reflects shares of Common Stock held through a limited liability company of which Mr. Frost is the manager.