Form 4: Cullen/Frost Bankers Director Acquires Deferred Stock Units
SEC Form 4 Filing
Charles W. Matthews, 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, Charles W. Matthews, a director of Cullen/Frost Bankers, Inc., acquired 727 deferred stock units.
- These units vest immediately but will be converted into common stock only upon the director's separation from service with the company.
- Following this transaction, Matthews directly owns 8,403 shares of Cullen/Frost Bankers, Inc. common stock.
- The transaction was reported on April 26, 2024.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a transaction by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders, such as directors and officers, trade in their company's stock. This provides transparency to the market regarding insider activity.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 04/24/2024 | Date of transaction: Charles W. Matthews acquired 727 deferred stock units. |
| 04/26/2024 | Date of Form 4 filing. |
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