CFR.NYSECullen/frost Bankers, INC

Form 4: Cullen/Frost Bankers CEO Phillip D. Green Reports Changes in Beneficial Ownership

Sentiment:

SEC Form 4 Filing

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Phillip D. Green, Chairman and CEO of Cullen/Frost Bankers, reports changes in his beneficial ownership of company stock due to gift transactions.

Summary

  • Phillip D. Green, Chairman and CEO of Cullen/Frost Bankers, filed a Form 4 detailing changes in his beneficial ownership of the company's common stock.
  • On May 29, 2024, Mr. Green disposed of 9,381 shares and acquired 5,817 shares through gifts.
  • On May 30, 2024, he disposed of 15,179 shares and acquired 3,448 shares through gifts.
  • These transactions altered his direct and indirect ownership, including shares held in trusts for his children and through a 401(k) plan and by his spouse.
  • Following these transactions, Mr. Green directly owns 87,264 shares and indirectly owns 38,865 shares through trusts for his children, 352 shares through a 401(k) plan, and 1,100 shares by his spouse.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing changes in stock ownership. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

  • The change in ownership may be of interest to shareholders, but the impact is likely minimal as the transactions are related to gifting.

Key Dates

DateDescription
05/29/2024Gift transaction: disposal of 9,381 shares and acquisition of 5,817 shares.
05/30/2024Gift transaction: disposal of 15,179 shares and acquisition of 3,448 shares.
05/30/2024Date of signature for the Form 4 filing.

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