Form 4: CFO Candace K. Wolfshohl Executes Stock Option and Sells Shares of Cullen/Frost Bankers, Inc.
SEC Form 4 Filing
Candace K. Wolfshohl, GEVP Culture/People Development at Cullen/Frost Bankers, Inc., exercised stock options and sold shares on July 26, 2024.
Summary
- On July 26, 2024, Candace K. Wolfshohl, GEVP Culture/People Development at Cullen/Frost Bankers, Inc. (CFR), exercised an employee stock option to acquire 5,000 shares of common stock at a price of $78.92 per share.
- Simultaneously, Wolfshohl sold 5,000 shares of common stock at a price of $119.65 per share.
- Following these transactions, Wolfshohl directly owns 18,753 shares and indirectly owns 18,798 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: This is a routine disclosure of insider trading activity. The sentiment is neutral as it simply reports transactions without indicating a strong positive or negative outlook.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like officers and directors, trade their company's stock. These filings are closely watched by investors for insights into management's perspective on the company's valuation and future prospects.
Key Dates
| Date | Description |
|---|---|
| 10/28/2018 | Employee Stock Option Date Exercisable |
| 07/26/2024 | Date of Earliest Transaction, Exercise of Stock Option, Sale of Shares |
| 10/28/2024 | Employee Stock Option Expiration Date |
| 07/30/2024 | Date of Signature |
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