Dan Geddes, GEVP and Chief Financial Officer of Cullen/Frost Bankers, Inc., filed a Form 4 on October 29, 2026, disclosing the acquisition of 4,284 restricted stock units on October 27, 2026.

Key Highlights

  • Reporting person: Dan Geddes, identified in the filing as GEVP and Chief Financial Officer of Cullen/Frost Bankers, Inc.
  • Award: 4,284 restricted stock units (RSUs) acquired on October 27, 2026, under transaction code A (acquired).
  • Price: The RSUs were acquired at a price of $0, according to the filing.
  • Vesting schedule: The RSUs cliff vest three years from the date of grant, per the filing's explanation of responses.
  • Underlying security: Each RSU represents the right to receive one share of Cullen/Frost common stock, $0.01 par value.
  • Resulting ownership: Following the transaction, Geddes beneficially owns 4,284 derivative securities (RSUs) directly.

Cullen/Frost CFO Dan Geddes Awarded RSUs in October 2026 Grant

According to the Form 4 filed with the U.S. Securities and Exchange Commission on October 29, 2026, Dan Geddes, serving as GEVP and Chief Financial Officer of Cullen/Frost Bankers, Inc. (NYSE:CFR), reported the acquisition of 4,284 restricted stock units on October 27, 2026. The filing lists the transaction under Table II, covering derivative securities, with a transaction code of A, indicating an acquisition.

The filing states that each restricted stock unit represents the right to receive one share of Cullen/Frost common stock, which carries a par value of $0.01. The RSUs were recorded at a price of $0 and are held directly by the reporting person. According to the filing's explanation of responses, the award "cliff vests three years from the date of grant," meaning no shares would be delivered before that point under the terms described.

Following the reported transaction, Geddes beneficially owns 4,284 RSUs in total, all listed as directly held. The Form 4 was signed by Kirsten Irwin under a power of attorney on behalf of Daniel J. Geddes, and was filed on October 29, 2026, with the earliest transaction date noted as October 27, 2026.

What Was Disclosed

The filing discloses a grant of 4,284 RSUs to Cullen/Frost Bankers CFO Dan Geddes on October 27, 2026, at no cost, with a three-year cliff vesting schedule. Each RSU converts to one share of common stock upon vesting.