Howard L. Kasanoff, Group Executive Vice President and Chief Credit Officer of Cullen/Frost Bankers, Inc., filed a Form 4 on October 26, 2026, disclosing the vesting of restricted stock units and a related tax withholding disposition on October 24, 2026.

Key Highlights

  • RSU vesting: Kasanoff acquired 2,004 shares of common stock through the settlement of restricted stock units (transaction code M) at a price of $0 on October 24, 2026.
  • Tax withholding: 789 shares were disposed of (transaction code F) at $157.05 per share on the same date to cover tax obligations.
  • Direct holdings after transactions: Kasanoff directly owned 5,427 shares of Cullen/Frost common stock following the reported transactions.
  • Indirect holdings: An additional 3,855.285 shares are held indirectly through a 401(k) Plan.
  • RSU terms: According to the filing, each restricted stock unit represented the right to receive one share of common stock, and the units "cliff vested three years from the date of grant."
  • Issuer: Cullen/Frost Bankers, Inc., listed on NYSE:CFR.

Kasanoff RSU Settlement and Share Disposition Details

According to the Form 4 filed with the SEC, Howard L. Kasanoff, serving as Group Executive Vice President and Chief Credit Officer of Cullen/Frost Bankers, Inc. (NYSE:CFR), reported two non-derivative transactions on October 24, 2026. The first was the acquisition of 2,004 shares of common stock ($0.01 par value) resulting from the settlement of restricted stock units at a conversion price of $0. The second was the disposal of 789 shares at $157.05 per share, coded as an F transaction, which the filing indicates reflects shares withheld for tax purposes.

In Table II, the filing shows that 2,004 restricted stock units were settled on October 24, 2026, reducing Kasanoff's derivative holdings to zero. The filing notes that each 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 these transactions, Kasanoff held 5,427 shares directly and 3,855.285 shares indirectly through a 401(k) Plan, according to the filing.

The Form 4 was filed on October 26, 2026, and was signed by Kirsten Irwin under a power of attorney on behalf of Howard L. Kasanoff. The filing indicates it was made by one reporting person and covers transactions with an earliest date of October 24, 2026.

What Was Disclosed

The filing discloses the cliff vesting of 2,004 restricted stock units held by Cullen/Frost Bankers' Chief Credit Officer, the withholding of 789 shares at $157.05 for taxes, and resulting direct and indirect beneficial ownership totals as of October 24, 2026.