An officer of Cullen/Frost Bankers, Inc. filed a Form 144 notice of proposed sale on October 30, 2026, disclosing plans to sell 2,406 shares of common stock through Fidelity Brokerage Services LLC.

Key Highlights

  • Seller: Bobby Berman (Robert A. Berman), identified as an officer of Cullen/Frost Bankers, Inc.
  • Shares proposed for sale: 2,406 shares of common stock, with an aggregate market value of $378,178.33.
  • Shares outstanding: 62,180,525 shares of common stock as reported in the filing.
  • Source of shares: Two restricted stock vestings from the issuer, 744 shares acquired on February 10, 2026, and 1,662 shares acquired on October 24, 2026, both classified as compensation.
  • Approximate date of sale: October 30, 2026, via NYSE.
  • Prior sales: The filing reported nothing to report for securities sold during the past three months.

Cullen/Frost Bankers Officer Proposes Rule 144 Sale of Restricted Stock Shares

According to the Form 144 filed with the U.S. Securities and Exchange Commission on October 30, 2026, Bobby Berman, an officer of Cullen/Frost Bankers, Inc. (NYSE:CFR), proposed to sell 2,406 shares of the company's common stock. The filing lists an aggregate market value of $378,178.33 for the proposed sale, with Fidelity Brokerage Services LLC, located at 900 Salem Street, Smithfield, RI 02917, named as the broker.

The filing details two separate restricted stock vesting events as the source of the shares. The first vesting occurred on February 10, 2026, yielding 744 shares acquired from the issuer as compensation. The second vesting occurred on October 24, 2026, yielding 1,662 shares also acquired from the issuer as compensation. Together, these two tranches account for the full 2,406 shares identified in the proposed sale notice.

The filing was signed by Wade Moss as a duly authorized representative of Fidelity Brokerage Services LLC, acting as attorney-in-fact for Robert A. Berman. The notice states, as required under Rule 144, that the filer "does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed." No sales during the prior three months were reported. Total shares outstanding of Cullen/Frost Bankers common stock were listed as 62,180,525 at the time of filing.

What Was Disclosed

A Form 144 notice was filed on October 30, 2026, by officer Bobby Berman of Cullen/Frost Bankers, Inc., disclosing a proposed sale of 2,406 common shares with an aggregate market value of $378,178.33, sourced from two restricted stock vestings in 2026.