Cullen/Frost Bankers EVP Coolidge Rhodes Settles RSUs with Routine Tax Withholding
CULLEN/FROST BANKERS, INC.
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Filing Summary
=== INSIDER TRANSACTION REPORT ===
Company: Cullen/Frost Bankers, Inc. (CFR)
Insider: Coolidge E. Rhodes Jr.
Title: Group EVP General Counsel/Sec
Date: 2026-10-24
Type: Tax Withholding (Code F)
Shares: 1,451 (Disposed)
Price: $157.05
Value: $227,879.55
Ending: 6,844 Direct (plus 944.2 Indirect 401(k))
Impact: Low (Routine RSU Vest & Tax Withholding)
Comprehensive Analysis
Transaction Overview
On October 24, 2026, Coolidge E. Rhodes Jr., Group EVP and General Counsel/Secretary of Cullen/Frost Bankers, Inc. ($CFR), settled restricted stock units (RSUs) that reached their three-year cliff vesting date.
Key actions reported:
- RSU Vesting (Code M): Acquired 3,685 shares of common stock upon vesting at $0.00.
- Tax Withholding (Code F): Disposed of 1,451 shares at $157.05 per share ($227,879.55 total value) to satisfy tax withholding obligations.
Following these transactions, Mr. Rhodes directly holds 6,844 shares of CFR common stock and indirectly holds 944.196 shares through the company 401(k) plan.
Market & Trading Significance
This filing reflects routine equity compensation administration rather than discretionary open-market buying or selling. The disposition was solely to cover statutory tax liabilities associated with the vesting of RSUs granted three years prior. Consequently, this transaction carries Low trading significance for investors.
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