Bobby Berman, Group Executive Vice President of Research and Strategy at Cullen/Frost Bankers, Inc., filed a Form 4 on October 29, 2026, disclosing the acquisition of 2,665 restricted stock units on October 27, 2026.

Key Highlights

  • Award date: October 27, 2026, with 2,665 restricted stock units acquired by Bobby Berman.
  • Transaction code: A (acquisition), reported as a derivative security at a price of $0.
  • Underlying security: Each restricted stock unit represents the right to receive one share of Cullen/Frost common stock, $0.01 par value.
  • Vesting schedule: According to the filing, the units "cliff vests three years from the date of grant."
  • Beneficial ownership following transaction: 2,665 restricted stock units, held directly.
  • Role: Berman is identified in the filing as an officer with the title GEVP Research and Strategy.

Berman RSU Grant Details: Cullen/Frost Bankers October 2026

According to the Form 4 filed with the U.S. Securities and Exchange Commission, Bobby Berman, an officer of Cullen/Frost Bankers, Inc. (NYSE:CFR) serving as Group Executive Vice President of Research and Strategy, acquired 2,665 restricted stock units on October 27, 2026. The filing was signed on October 29, 2026, by Kirsten Irwin under a power of attorney on Berman's behalf.

The filing reports the transaction in Table II, which covers derivative securities. The restricted stock units were acquired with a transaction code of A, indicating an acquisition, at a reported price of $0. The filing states that each restricted stock unit represents the right to receive one share of Cullen/Frost common stock with a par value of $0.01. Following the reported transaction, Berman's total beneficial ownership of restricted stock units stands at 2,665, held directly.

As disclosed in the filing's explanation of responses, the award "cliff vests three years from the date of grant," meaning the units are not subject to gradual vesting but become exercisable in full at a single point three years after October 27, 2026. No entries appear in Table I, which covers non-derivative securities acquired or disposed of. No prior Form 4 amendment date is listed, indicating this is an original filing.

What Was Disclosed

Cullen/Frost Bankers officer Bobby Berman disclosed the acquisition of 2,665 restricted stock units on October 27, 2026, at no cost, with cliff vesting three years from the grant date. Total beneficial ownership following the transaction is 2,665 units, held directly.