Form 4: Director Anthony R. Chase Acquires Deferred Stock Units in Cullen/Frost Bankers, Inc.

Anthony R. Chase, a director of Cullen/Frost Bankers, Inc., acquired 727 deferred stock units on April 24, 2024, which will be converted to common stock upon separation from service.

Summary

• On April 24, 2024, Anthony R. Chase, a director of Cullen/Frost Bankers, Inc., acquired 727 deferred stock units.
• These units represent the right to receive one share of Cullen/Frost Bankers, Inc. common stock each.
• The deferred stock units vested on April 24, 2024.
• The shares will be delivered to Mr. Chase upon his separation from service with Cullen/Frost Bankers, Inc.
• Following the transaction, Mr. Chase directly owns 3,640 deferred stock units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of stock units by a director generally reflects confidence in the company's prospects, but it's a routine transaction.

Positives

• The acquisition of deferred stock units by a director signals confidence in the company's future performance.

Future Outlook

The reporting person will receive shares of Cullen/Frost Bankers, Inc. common stock upon separation from service, based on the number of deferred stock units held at that time.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the holdings and transactions of company directors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.

Key Dates