Form 4: CFO Candace K. Wolfshohl Executes Stock Transactions at Cullen/Frost Bankers, Inc.

Candace K. Wolfshohl, GEVP Culture/People Development at Cullen/Frost Bankers, Inc., reports stock transactions involving the vesting and subsequent disposal of restricted stock units.

Summary

• On October 26 and 27, 2024, Candace K. Wolfshohl, an officer of Cullen/Frost Bankers, Inc., engaged in transactions involving common stock and restricted stock units.
• These transactions included the vesting of 1,335 and 2,143 restricted stock units, respectively, which converted into common stock.
• Simultaneously, shares were disposed of to cover tax obligations, with 521 shares sold at $127.42 on October 26 and 843 shares sold at $127.42 on October 27.
• Following these transactions, Wolfshohl directly owns 20,867 shares and indirectly owns 18,963 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't convey any particularly positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the buying and selling activities of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• Similar filings can be observed across the financial industry, including companies like JPMorgan Chase & Co., Bank of America, and Wells Fargo, when their executives trade company stock.
• The details disclosed, such as the number of shares traded and the prices, are consistent with the level of information expected in these filings.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are routine and related to executive compensation.
• The disclosure provides transparency to shareholders regarding insider trading activities.

Key Dates