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

David J. Haemisegger, 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, David J. Haemisegger, a director of Cullen/Frost Bankers, Inc., acquired 727 deferred stock units.
• These units vest immediately but will be converted into shares of common stock only upon the director's separation from service with the company.
• Following the transaction, Haemisegger directly owns 9,564 shares.
• Each deferred stock unit represents the right to receive one share of Cullen/Frost Bankers, Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing regarding stock transactions by a company insider, indicating a neutral sentiment.

Future Outlook

The deferred stock units will be converted to common stock upon the director's separation from service.

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, providing transparency to the market.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.

Key Dates