Cullen/Frost Bankers, Inc. Chairman and CEO Phillip D. Green filed a Form 4 on October 26, 2026, disclosing the vesting of 20,045 restricted stock units and a same-day disposition of 7,888 shares to cover taxes, both occurring on October 24, 2026.

Key Highlights

  • RSU conversion: Green acquired 20,045 shares of Common Stock, $0.01 par value, via an M-coded transaction at $0 on October 24, 2026, reflecting the vesting of restricted stock units.
  • Tax withholding disposition: 7,888 shares were disposed of (transaction code F) at $157.05 per share on the same date.
  • Direct holdings after transactions: Green directly owns 123,036 shares of Common Stock following the reported transactions.
  • Indirect holdings: Green also holds 38,865 shares indirectly through trusts for children, 1,100 shares through a spouse, and 380.874 shares through a 401(k) plan.
  • RSU balance: Following the vesting, Green's derivative security position in restricted stock units stands at 0, down from 20,045.
  • Issuer: Cullen/Frost Bankers, Inc., trading on NYSE:CFR, is the issuer identified in the filing.

Cullen/Frost CEO Green's RSU Vesting and Share Disposition Details

According to the filing, Phillip D. Green, Chairman and CEO of Cullen/Frost Bankers, Inc. (NYSE:CFR), reported two transactions in the company's Common Stock, $0.01 par value, on October 24, 2026. The first was an M-coded acquisition of 20,045 shares at $0, corresponding to the conversion of an equal number of restricted stock units. 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."

Immediately following the vesting, the filing discloses an F-coded disposition of 7,888 shares at $157.05 per share, a transaction type typically associated with the withholding of shares to satisfy tax obligations. After these two transactions, Green's direct beneficial ownership stood at 123,036 shares, according to the filing.

The filing also reports indirect beneficial ownership positions: 38,865 shares held through trusts for children of which Green serves as trustee, 1,100 shares held by his spouse, and 380.874 shares held through a 401(k) plan. The Form 4 was signed by Kirsten Irwin under power of attorney on October 26, 2026.

What Was Disclosed

The filing discloses the October 24, 2026 vesting of 20,045 restricted stock units by Cullen/Frost Bankers Chairman and CEO Phillip D. Green, the same-day tax-related disposition of 7,888 shares at $157.05, and resulting direct ownership of 123,036 shares.