Form 4: Cullen/Frost Bankers Director Acquires Deferred Stock Units

John Howard Willome, a director of Cullen/Frost Bankers, Inc., acquired 727 deferred stock units on April 24, 2024, which will convert to common stock upon separation from service.

Summary

• On April 24, 2024, John Howard Willome, a director of Cullen/Frost Bankers, Inc., acquired 727 deferred stock units.
• These units represent the right to receive one share of Cullen/Frost Bankers, Inc. common stock each.
• The deferred stock units vested on April 24, 2024.
• The shares will be delivered to Willome upon separation from service with Cullen/Frost Bankers, Inc.
• Following the transaction, Willome directly owns 1,500 derivative securities.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a transaction by a company director. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The shares related to the deferred stock units will be delivered to the reporting person upon separation from service with Cullen/Frost Bankers, Inc.

Industry Context

This Form 4 filing is a routine disclosure of a director's acquisition of deferred stock units, a common form of executive compensation in the banking industry.

Stakeholder Impact

• The acquisition of deferred stock units by a director aligns their interests with those of the shareholders, as the value of the units is tied to the company's stock performance.

Key Dates