Carol Jean Severyn, Group Executive Vice President and Chief Risk Officer of Cullen/Frost Bankers, Inc., filed a Form 4 on October 29, 2026, disclosing the acquisition of 3,570 restricted stock units on October 27, 2026.

Key Highlights

  • Reporting person: Carol Jean Severyn, GEVP and Chief Risk Officer of Cullen/Frost Bankers, Inc. (NYSE:CFR)
  • Transaction date: October 27, 2026
  • Securities acquired: 3,570 restricted stock units (RSUs), each representing the right to receive one share of Cullen/Frost common stock
  • Price of derivative security: $0
  • Vesting schedule: Cliff vests three years from the date of grant, according to the filing
  • Beneficial ownership following transaction: 3,570 RSUs, held directly
  • Underlying security: Common Stock, $0.01 par value

Severyn's RSU Grant Details at Cullen/Frost Bankers

According to the Form 4 filed with the SEC on October 29, 2026, Carol Jean Severyn acquired 3,570 restricted stock units on October 27, 2026, in a transaction coded "A" (acquired). The filing identifies Severyn as an officer of Cullen/Frost Bankers, Inc., holding the title of GEVP and Chief Risk Officer. The RSUs are classified as derivative securities in Table II of the form.

The filing states that each restricted stock unit represents the right to receive one share of Cullen/Frost common stock, with a par value of $0.01. The price of the derivative security is reported as $0. Following the reported transaction, Severyn beneficially owns 3,570 RSUs directly, with no indirect ownership reported.

As noted in the filing's explanation of responses, the RSUs "cliff vests three years from the date of grant." The form was signed by Kirsten Irwin under a power of attorney on behalf of Carol J. Severyn and dated October 29, 2026. No transactions were reported in Table I covering non-derivative securities.

What Was Disclosed

The filing discloses the acquisition of 3,570 restricted stock units by Cullen/Frost Bankers' GEVP and Chief Risk Officer on October 27, 2026, at a price of $0, with a three-year cliff vesting schedule and direct ownership form.