Berman Bobby 4

What Happened

• Bobby Berman, GEVP Research & Strategy at Cullen/Frost Bankers, Inc. (CFR), disposed of 1,000 shares on 2026-01-30 at $137.07 per share, for a total transaction value of $137,070. The filing reports the transaction as an open-market or private sale (code S). Sales are often routine portfolio moves and generally less informative about company prospects than purchases.

Key Details

• Transaction date: 2026-01-30; Report filed: 2026-02-02 (timely filing).
• Price and size: 1,000 shares at $137.07 each = $137,070 total.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: Includes 166 shares acquired through the Cullen/Frost Bankers, Inc. Thrift Stock Plan.
• Filing appears timely (Form 4 filed within the required business-day window).

Context

• This was a straight sale (S). For retail investors, purchases typically signal stronger insider conviction than routine sales; a single open-market sale by an executive does not, on its own, indicate a change in company fundamentals.
• No option exercises, gifts, or tax-withholding events were reported in this transaction.