Cullen/Frost Bankers GEVP Jimmy Stead Discloses RSU Vesting and Tax Withholding
CULLEN/FROST BANKERS, INC.
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Filing Summary
# Insider Transaction Report: CULLEN/FROST BANKERS, INC. (CFR)
**Insider:** Stead Jimmy
**Title:** GEVP Chief Consumer Banking
**Filing Date:** 2026-10-26
**Transaction Date:** 2026-10-24
### Transaction Summary
* **Type:** Tax Withholding (Code F)
* **Shares Withheld:** 1,822 @ $157.05
* **Total Value:** $286,145.10
* **Post-Transaction Holdings:** 21,002 shares (Direct) + 4,199.91 shares (Indirect 401(k))
### Additional Context
* 4,628 Restricted Stock Units (RSUs) vested and were converted into common stock at $0.00 (Code M).
* 1,822 shares were subsequently withheld to satisfy tax liabilities.
* Trading Significance: Low (routine equity compensation vesting and tax withholding)
Comprehensive Analysis
Executive Summary
On October 26, 2026, Jimmy Stead, Group Executive Vice President and Chief Consumer Banking officer of CULLEN/FROST BANKERS, INC. (CFR), reported transactions related to the vesting of equity awards on October 24, 2026.
The transactions involved the vesting and settlement of 4,628 Restricted Stock Units (RSUs) into common stock, followed by the withholding of 1,822 shares at $157.05 per share ($286,145.10 total value) to satisfy associated tax liabilities.
Key Transaction Breakdown
-
Derivative Conversion (Code M):
- Security: Restricted Stock Units
- Shares Acquired: 4,628 shares of Common Stock
- Price: $0.00 per share
- Status: Cliff vested three years from the grant date.
-
Shares Withheld for Taxes (Code F):
- Security: Common Stock, $0.01 par value
- Shares Withheld: 1,822
- Price Per Share: $157.05
- Total Value: $286,145.10
- Acquisition/Disposition: Disposed (D)
Holdings Following Transactions
- Direct Ownership: 21,002 shares of common stock
- Indirect Ownership: 4,199.912 shares held through a 401(k) Plan
- Remaining RSUs in Grant: 0 units
Market and Trading Assessment
This filing reflects routine administrative settlement of equity awards (RSU vesting and statutory tax withholding) rather than discretionary open-market buying or selling. Consequently, the trading significance is categorized as Low and does not signal a directional outlook by management.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.