Cullen/Frost Bankers, Inc. officer Jimmy Stead filed a Form 4 on October 26, 2026, reporting the vesting of restricted stock units and a related tax-withholding disposition of common shares on October 24, 2026.

Key Highlights

  • RSU vesting: 4,628 restricted stock units converted to common shares on October 24, 2026, at a conversion price of $0, with each unit representing the right to receive one share of Cullen/Frost common stock.
  • Tax withholding disposal: 1,822 shares were disposed of (transaction code F) at $157.05 per share on the same date to satisfy tax obligations.
  • Direct holdings after transactions: Jimmy Stead directly beneficially owns 21,002 shares of Common Stock, $0.01 par value, following the reported transactions.
  • Indirect holdings: An additional 4,199.912 shares are held indirectly through a 401(k) Plan, according to the filing.
  • Reporting person's role: Jimmy Stead is identified in the filing as GEVP Chief Consumer Banking at Cullen/Frost Bankers, Inc. (NYSE:CFR).
  • RSU cliff vesting: The filing notes the restricted stock units "cliff vested three years from the date of grant."

Stead's RSU Vesting and Share Disposition at Cullen/Frost Bankers

According to the Form 4 filed with the U.S. Securities and Exchange Commission, Jimmy Stead, Group Executive Vice President and Chief Consumer Banking officer at Cullen/Frost Bankers, Inc. (NYSE:CFR), reported two transactions in the company's common stock on October 24, 2026. First, 4,628 restricted stock units vested and were acquired as common shares (transaction code M) at a price of $0. The filing notes that each restricted stock unit represented the right to receive one share of Cullen/Frost common stock, and that the units "cliff vested three years from the date of grant."

Following that acquisition, the filing discloses that 1,822 shares were disposed of (transaction code F) at a price of $157.05 per share. Transaction code F typically reflects shares withheld by the issuer to cover tax liability upon vesting, though the filing itself identifies the code without further characterization. After both transactions, Stead directly holds 21,002 shares of Common Stock, $0.01 par value, according to the filing.

The filing also reports 4,199.912 shares beneficially owned indirectly through a 401(k) Plan. In Table II, the derivative securities section shows that following the vesting event, Stead holds zero restricted stock units remaining under this grant. The Form 4 was signed by Kirsten Irwin under a power of attorney on behalf of Jimmy Stead, with the filing dated October 26, 2026.

What Was Disclosed

Jimmy Stead's Form 4 discloses the October 24, 2026, cliff vesting of 4,628 restricted stock units into common shares, a disposal of 1,822 shares at $157.05, and resulting direct beneficial ownership of 21,002 shares of Cullen/Frost Bankers common stock.