Form 4: Cullen/Frost Bankers Executive Paul Bracher Reports Stock Transactions

Paul Bracher, President of Cullen/Frost Bankers, reports the vesting and subsequent disposal of restricted stock units, along with adjustments to his directly and indirectly held common stock.

Summary

• Paul Bracher, President of Cullen/Frost Bankers, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On October 26, 2024, 2,378 restricted stock units vested and were converted into common stock, followed by the disposal of 935 shares to cover tax obligations at a price of $127.42 per share.
• On October 27, 2024, another 3,684 restricted stock units vested and were converted into common stock, with 1,449 shares disposed of for tax purposes at $127.42 per share.
• Following these transactions, Bracher directly owns 102,626 shares of common stock and indirectly owns 48,851 shares through a 401(k) plan.
• He also holds no derivative securities after the reported transactions.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the increased number of shares available in the market, but the effect is likely minimal given the relatively small number of shares involved.

Key Dates