Form 4: Cullen/Frost Bankers Executive Exercises Stock Options and Sells Shares

Paul Bracher, President of Cullen/Frost Bankers, exercised stock options and sold shares on January 31, 2025.

Summary

• Paul Bracher, President of Cullen/Frost Bankers, exercised 11,500 stock options at a price of $65.11 per share on January 31, 2025.
• On the same day, Mr. Bracher sold 11,500 shares of common stock at a price of $139.45 per share.
• Following these transactions, Mr. Bracher directly owns 102,946 shares of common stock and indirectly owns 48,851 shares through a 401(k) plan.
• The exercised options were granted on October 27, 2019, and expire on October 27, 2025.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions, with no indication of positive or negative sentiment.

Industry Context

This is a routine filing related to executive stock option exercises and sales, which is common in publicly traded companies.

Comparison to Industry Standards

• Executive stock option exercises and sales are a standard part of compensation packages in the financial industry.
• The timing and pricing of these transactions are often governed by pre-arranged trading plans to avoid accusations of insider trading.
• Comparable companies such as Texas Capital Bancshares and Comerica also have executives who regularly file Form 4s related to stock transactions.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they represent a small portion of the total outstanding shares.
• The sale of shares by an executive could be perceived as a negative signal by some investors, but it is a common practice.

Key Dates

Keywords

stock options, insider trading, executive compensation, share sale, Cullen/Frost Bankers, Form 4