Paul Bracher, President of CFR and an officer of Cullen/Frost Bankers, Inc., filed a statement of changes in beneficial ownership on October 29, 2026, reporting the acquisition of 4,688 restricted stock units on October 27, 2026.

Key Highlights

  • Reporting person: Paul Bracher, identified in the filing as President of CFR at Cullen/Frost Bankers, Inc.
  • Security awarded: 4,688 restricted stock units (RSUs), each representing the right to receive one share of Cullen/Frost common stock (par value $0.01).
  • Transaction date: October 27, 2026, with the filing submitted on October 29, 2026.
  • Price of derivative security: $0, as reported in the filing.
  • Vesting schedule: The RSUs cliff vest three years from the date of grant, according to the filing's explanation of responses.
  • Post-transaction holdings: Bracher directly holds 4,688 derivative securities (RSUs) following the reported transaction.

RSU Award Details for Cullen/Frost President Paul Bracher

According to the filing, Paul Bracher, serving as President of CFR at Cullen/Frost Bankers, Inc. (NYSE:CFR), a San Antonio, Texas-based banking organization, acquired 4,688 restricted stock units on October 27, 2026. The transaction code recorded in Table II of the filing is "A," indicating an acquisition. The filing notes that the price of the derivative security was $0, and each RSU carries the right to receive one share of Cullen/Frost common stock with a par value of $0.01 per share.

The filing specifies that the RSUs are subject to a cliff-vesting schedule, meaning the full grant becomes exercisable three years from the date of grant rather than vesting incrementally. Following this transaction, Bracher's total beneficial ownership of RSUs stands at 4,688 units, held directly. The filing was signed on Bracher's behalf by Kirsten Irwin under a power of attorney and dated October 29, 2026.

No non-derivative securities transactions were reported in Table I of the filing. The ownership form for the reported RSU position is listed as direct. No amendment date was provided, indicating this is an original filing and not a revision of a previously submitted report.

What Was Disclosed

The filing reported that Paul Bracher, President of CFR at Cullen/Frost Bankers, Inc., acquired 4,688 restricted stock units on October 27, 2026, at a price of $0, with cliff vesting set for three years from the grant date and a resulting direct beneficial ownership of 4,688 RSUs.