Form 4: Cullen/Frost Bankers Executive Howard L. Kasanoff Reports Stock Transactions

Howard L. Kasanoff, a GEVP and Chief Credit Officer at Cullen/Frost Bankers, reported the acquisition and disposal of company stock on November 8, 2024.

Summary

• On November 8, 2024, Howard L. Kasanoff, a GEVP and Chief Credit Officer at Cullen/Frost Bankers, executed transactions involving the company's common stock.
• Kasanoff acquired 4,000 shares of common stock at a price of $65.11.
• Simultaneously, Kasanoff disposed of 4,000 shares at $138.34.
• Following these transactions, Kasanoff directly owns 2,888 shares and indirectly owns 3,286 shares through a 401(k) plan.
• Kasanoff also exercised an employee stock option to buy 4,000 shares at $65.11, which was granted on October 27, 2019, and expires on October 27, 2025.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders, like officers and directors, trade their company's stock. These filings are closely watched by investors for insights into management's perspective on the company's valuation and future prospects.

Stakeholder Impact

• Shareholders may be interested in the trading activity of company insiders as an indicator of management's confidence in the company's prospects.

Key Dates