Form 4: Cullen/Frost Bankers Executive Carol Jean Severyn Reports Stock Transactions
SEC Form 4 Filing
Carol Jean Severyn, GEVP and Chief Risk Officer of Cullen/Frost Bankers, reports the vesting and subsequent disposal of restricted stock units, along with adjustments to her holdings in the company's common stock.
Summary
- On October 26, 2024, Carol Jean Severyn, GEVP and Chief Risk Officer of Cullen/Frost Bankers, exercised 1,611 restricted stock units that vested.
- Also on October 26, 2024, she disposed of 633 shares of common stock at a price of $127.42.
- On October 27, 2024, she exercised 1,880 restricted stock units that vested.
- Also on October 27, 2024, she disposed of 739 shares of common stock at a price of $127.42.
- Following these transactions, Severyn directly owns 10,372 shares of common stock and indirectly owns 9,031 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel and their holdings in the company.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the amounts are relatively small.
Key Dates
| Date | Description |
|---|---|
| 10/27/2020 | Grant date for restricted stock units that cliff vested four years later. |
| 10/26/2021 | Grant date for restricted stock units that cliff vested three years later. |
| 10/26/2024 | Exercise of 1,611 restricted stock units and disposal of 633 shares of common stock. |
| 10/27/2024 | Exercise of 1,880 restricted stock units and disposal of 739 shares of common stock. |
| 10/28/2024 | Date of signature on the Form 4 filing. |
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