Cullen/Frost Bankers CFO Acquires Shares via RSU Vesting with Tax Withholding
CULLEN/FROST BANKERS, INC.
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Filing Summary
CFR | Dan Geddes (GEVP & CFO)
Transaction Date: 2026-10-24
Type: Tax Withholding (Code F)
Shares: 789 @ $157.05 ($123,912.45)
Post-Transaction Direct Ownership: 4,523 shares
Indirect Ownership: 7,889.431 shares (401(k))
Significance: Low (Routine RSU Vesting & Tax Withholding)
Comprehensive Analysis
Executive Summary
On October 24, 2026, Dan Geddes, Group Executive Vice President & Chief Financial Officer of Cullen/Frost Bankers, Inc. (NYSE: CFR), completed a routine restricted stock unit (RSU) vesting event. A total of 2,004 RSUs converted into common stock on a 1-for-1 basis at $0 per share. To cover associated tax withholding obligations, 789 shares were withheld by the issuer at an evaluated price of $157.05 per share, representing a total value of $123,912.45.
Transaction Breakdown
- RSU Conversion (Code M): 2,004 RSUs vested and converted into 2,004 shares of common stock at $0.00.
- Tax Withholding (Code F): 789 shares of common stock were surrendered to satisfy statutory tax obligations at $157.05 per share.
- Ending Direct Holdings: 4,523 shares of common stock held directly (which includes 150 shares acquired via the Thrift Stock Plan).
- Indirect Holdings: 7,889.431 shares held indirectly via a 401(k) Plan.
Market & Trading Significance
The trading significance of this filing is Low. The transactions represent standard compensation vesting and mandatory tax withholding rather than discretionary open-market buying or selling. Such transactions are scheduled administrative actions and do not reflect management sentiment regarding the bank's operational outlook or share valuation.
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