Cullen/Frost Bankers GEVP Acquires Vested Shares with Tax Withholding
CULLEN/FROST BANKERS, INC.
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Filing Summary
Cullen/Frost Bankers, Inc. ($CFR) Form 4 filing shows GEVP Chief Credit Officer Howard L. Kasanoff acquired 2,004 shares via RSU vesting on October 24, 2026. A total of 789 shares were surrendered at $157.05 per share ($123,912.45 total value) to cover tax withholding obligations. Following the transactions, Kasanoff directly holds 5,427 shares and indirectly holds 3,855.285 shares via a 401(k) plan.
Comprehensive Analysis
Executive Summary
On October 26, 2026, Cullen/Frost Bankers, Inc. ($CFR) filed a Form 4 for Howard L. Kasanoff, Group Executive Vice President & Chief Credit Officer. The reporting reflects the settlement of 2,004 Restricted Stock Units (RSUs) on October 24, 2026, accompanied by the withholding of 789 shares for tax liabilities at a market price of $157.05 per share.
Transaction Details
- RSU Conversion (Code M): 2,004 shares of Common Stock acquired at $0 per share upon the vesting of restricted stock units.
- Tax Withholding (Code F): 789 shares surrendered at $157.05 per share, representing an aggregate withholding value of $123,912.45.
- Post-Transaction Beneficial Ownership:
- Direct: 5,427 shares
- Indirect: 3,855.285 shares held through the company's 401(k) Plan
Significance & Market Impact
This filing carries Low market significance as it reflects routine compensation vesting and mandatory tax withholding rather than discretionary open-market buying or selling activity.
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