Form 4: Cullen/Frost EVP Sells 700 Shares, Gifts 495

Cullen/Frost Bankers Group EVP and General Counsel Coolidge E. Rhodes Jr. reported selling 700 shares and gifting 495 shares of common stock.

Summary

• Coolidge E. Rhodes Jr., Group EVP General Counsel/Secretary of Cullen/Frost Bankers, Inc. (CFR), reported transactions on December 9, 2025.
• Rhodes sold 700 shares of common stock at a price of $127 per share.
• Rhodes also gifted 495 shares of common stock.
• Following these transactions, Rhodes directly owns 3,300 shares of common stock and indirectly owns 733.933 shares through a 401(k) Plan.
• The reported transactions were made pursuant to a Rule 10b5-1(c) trading plan.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to insider selling, although mitigated by the Rule 10b5-1 plan, which suggests the sale was pre-scheduled rather than a reaction to new negative information.

Negatives

• An executive selling shares can sometimes be perceived negatively by the market, as it might suggest a lack of confidence in the company's future prospects, even if executed under a pre-arranged plan.

Future Outlook

N/A. This Form 4 filing reports past insider transactions and does not provide forward-looking statements or guidance.

Industry Context

N/A. This filing is specific to an individual executive's stock transactions and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: May interpret the executive's sale as a signal, potentially leading to minor negative sentiment, though the 10b5-1 plan helps to alleviate concerns about opportunistic selling.

Key Dates

Recommendation

While an executive sale of shares can sometimes be viewed negatively, the transaction was executed under a Rule 10b5-1 trading plan, indicating it was pre-scheduled and not necessarily a reaction to new, adverse company information. The amount sold represents a portion of the executive's holdings, and a significant number of shares are still held directly and indirectly. Therefore, a 'hold' recommendation is appropriate, suggesting investors monitor future filings and company performance rather than reacting solely to this single insider transaction.

Keywords

Cullen/Frost Bankers, CFR, Insider Trading, Form 4, Stock Sale, Executive Compensation, Coolidge E. Rhodes Jr., Banking, Financial Services