Form 4: Cullen/Frost Executive Sells Shares Under 10b5-1 Plan

Cullen/Frost Bankers GEVP of Research & Strategy, Bobby Berman, sold 1,000 shares of common stock for $137.07 per share under a pre-arranged trading plan.

Summary

• Bobby Berman, GEVP Research & Strategy at Cullen/Frost Bankers, Inc. (CFR), reported a sale of common stock.
• The transaction involved the disposition of 1,000 shares of common stock.
• The shares were sold at a price of $137.07 per share.
• The transaction date was January 30, 2026.
• Following this transaction, Bobby Berman beneficially owns 28,406 shares of common stock.
• The reported beneficial ownership includes 166 shares acquired through the Cullen/Frost Bankers, Inc. Thrift Stock Plan.
• The transaction was made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral event. The sale was conducted under a pre-arranged 10b5-1 plan, which typically reduces the perceived negative sentiment associated with insider selling, as it is not a discretionary, immediate decision.

Industry Context

StockSavvy.ai notes that insider sales executed under a Rule 10b5-1 plan are generally viewed as less indicative of management's sentiment about the company's future prospects compared to open market sales. These plans allow insiders to set up a predetermined schedule for buying or selling shares to avoid accusations of trading on material non-public information.

Stakeholder Impact

• Shareholders: A routine insider sale under a 10b5-1 plan typically has minimal direct impact on shareholders, as it is a pre-scheduled transaction and not necessarily a signal of management's current view on the stock's immediate future.

Key Dates

Keywords

Cullen/Frost Bankers, CFR, Bobby Berman, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan