Jimmy Stead, Group Executive Vice President and Chief Consumer Banking Officer at Cullen/Frost Bankers, Inc., reported the acquisition of 4,450 restricted stock units on October 27, 2026, in a filing submitted to the SEC on October 29, 2026.

Key Highlights

  • Reporting person: Jimmy Stead, identified in the filing as GEVP Chief Consumer Banking Officer of Cullen/Frost Bankers, Inc.
  • Securities awarded: 4,450 restricted stock units, each representing the right to receive one share of Cullen/Frost common stock ($0.01 par value).
  • Transaction date: October 27, 2026, with the filing submitted October 29, 2026.
  • Price of derivative security: $0, as stated in the filing.
  • Vesting schedule: The units cliff vest three years from the date of grant, according to the filing's explanation of responses.
  • Beneficial ownership following transaction: 4,450 restricted stock units held directly, as reported in Table II.

RSU Grant Details for Cullen/Frost's Chief Consumer Banking Officer

According to the filing, Jimmy Stead acquired 4,450 restricted stock units of Cullen/Frost Bankers, Inc. (NYSE:CFR) on October 27, 2026. The transaction is coded as an acquisition (A) under Table II, covering derivative securities. The filing notes 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 per share. The price of the derivative security is listed as $0 in the filing.

Cullen/Frost Bankers is a Texas-based financial holding company, and Stead serves as Group Executive Vice President and Chief Consumer Banking Officer, a role that places him within the company's consumer-facing banking segment. The filing was signed "/s/ Jimmy Stead, by Kirsten Irwin under POA," indicating execution through a power of attorney. Following the reported transaction, Stead's directly held beneficial ownership in restricted stock units stands at 4,450 units, with no previously held derivative securities reported in Table II prior to this grant.

The filing specifies that the restricted stock units are subject to a cliff vesting schedule, meaning all 4,450 units vest in a single event three years from the grant date of October 27, 2026, rather than vesting incrementally. No transactions in non-derivative securities were reported in Table I of this filing.

What Was Disclosed

The filing reported a single acquisition of 4,450 restricted stock units by Jimmy Stead, GEVP Chief Consumer Banking Officer of Cullen/Frost Bankers, Inc., on October 27, 2026. The units cliff vest three years from grant and were received at a price of $0.