Form 4: Cullen/Frost Bankers Executive Bobby Berman Reports Stock Transactions

Bobby Berman, GEVP Research & Strategy at Cullen/Frost Bankers, reports acquisition of 2,007 shares and disposal of 537 shares of common stock on February 6, 2025.

Summary

• On February 6, 2025, Bobby Berman, GEVP Research & Strategy at Cullen/Frost Bankers, acquired 2,007 shares of common stock at $0 and disposed of 537 shares at $141.08.
• The acquisition of 2,007 shares was related to performance stock units granted on October 26, 2021, for the three-year performance period ending December 31, 2024, as approved by the Compensation & Benefits Committee on February 6, 2025.
• Following these transactions, Berman directly owns 28,283 shares and indirectly owns 17,897 shares through a 401(k) plan.
• The report also mentions a transfer of 152 shares from the Thrift Stock Plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects routine stock transactions by an executive. The acquisition of shares based on performance could be seen as mildly positive.

Positives

• The acquisition of shares indicates confidence in the company's performance, as the shares were earned based on performance stock units.

Industry Context

Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities, providing insights into the actions of company executives.

Stakeholder Impact

• The stock transactions may have a minor impact on shareholders, providing insight into executive sentiment.

Key Dates

Keywords

Form 4, Cullen/Frost Bankers, Bobby Berman, Stock Transaction, Beneficial Ownership, Performance Stock Units