Form 4: Director Chris Avery Acquires Deferred Stock Units in Cullen/Frost Bankers, Inc.

Director Chris Avery acquired 727 deferred stock units in Cullen/Frost Bankers, Inc. on April 24, 2024, which will convert to common stock upon separation from service.

Summary

• On April 24, 2024, Chris Avery, 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 Avery upon separation from service with Cullen/Frost Bankers, Inc.
• Following the transaction, Avery directly owns 5,823 deferred stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of a director receiving deferred stock units, which is a common form of compensation. It doesn't inherently indicate positive or negative sentiment.

Positives

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

Future Outlook

The shares related to the deferred stock units will be delivered to the reporting person upon separation from service with Cullen/Frost Bankers, Inc.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This allows investors to track the actions of those with the most knowledge of the company's prospects.

Stakeholder Impact

• The acquisition of deferred stock units by a director can be viewed positively by shareholders as it aligns the director's interests with the long-term success of the company.

Key Dates