Form 4: Cullen/Frost Bankers Director Acquires Deferred Stock Units
SEC Form 4 Filing
Director John T. Engates acquired 730 deferred stock units of Cullen/Frost Bankers, Inc. on April 30, 2025, which will convert to common stock upon separation from service.
Summary
- On April 30, 2025, John T. Engates, a director of Cullen/Frost Bankers, Inc., acquired 730 deferred stock units.
- Each deferred stock unit represents the right to receive one share of Cullen/Frost Bankers, Inc. common stock.
- The deferred stock units vested on April 30, 2025.
- The shares will be delivered to Mr. Engates upon his separation from service with Cullen/Frost Bankers, Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding stock ownership, indicating a neutral sentiment.
Future Outlook
The reporting person will receive shares of Cullen/Frost Bankers, Inc. common stock upon separation from service.
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 may have a minor positive impact on shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| 04/30/2025 | Date of earliest transaction and vesting of deferred stock units |
| 05/01/2025 | Date of signature on the Form 4 filing |
Keywords
Cullen/Frost Bankers, Director, Deferred Stock Units, Form 4, Beneficial Ownership, Engates, Acquisition
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