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

Howard L. Kasanoff, GEVP Chief Credit Officer of Cullen/Frost Bankers, reports the acquisition and disposal of company stock on July 31, 2024.

Summary

• On July 31, 2024, Howard L. Kasanoff, GEVP Chief Credit Officer of Cullen/Frost Bankers, executed transactions involving the company's common stock.
• Kasanoff acquired 3,000 shares of common stock at a price of $78.92 per share through the exercise of employee stock options.
• Simultaneously, Kasanoff disposed of 3,000 shares of common stock at a price of $119.2 per share.
• Following these transactions, Kasanoff directly owns 1,598 shares of common stock.
• Additionally, Kasanoff indirectly owns 3,258 shares through a 401(k) plan.
• Kasanoff also holds options to purchase 0 shares of common stock.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard SEC filing reporting stock transactions.

Positives

• The exercise of stock options at $78.92 and subsequent sale at $119.2 indicates a profitable transaction for Kasanoff.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the actions of company executives.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by providing insight into executive behavior.

Key Dates