Rhodes Coolidge E JR 4

What Happened

• Rhodes Coolidge E. Jr., Group EVP, General Counsel and Secretary of Cullen/Frost Bankers (CFR), had a sale of 700 shares executed on March 6, 2026 at $127.00 per share, for proceeds of $88,900. The filing also shows a corresponding 700-share acquisition entry reflecting the rescission of a previously reported December 2025 sale; the net effect reported on March 6 is the sale of 700 shares at $127.

Key Details

• Transaction date(s) and price(s): March 6, 2026 — sale of 700 shares at $127.00 ($88,900). A simultaneous 700-share acquisition entry (price N/A) reflects rescission of the earlier December transaction.
• Footnote: The report states the December 9, 2025 sale was rescinded because the broker failed to timely file a Rule 144(h) Notice of Proposed Sale. The broker moved the shares through its error account and re-executed the sale on March 6, 2026 at the same price and quantity (see footnote F1).
• Shares owned after the transaction: not disclosed in this filing.
• Filing timeliness: Reported on March 6, 2026 (same date as the corrective transaction) — not indicated as late.

Context

• This filing documents a sale (not a purchase). Sales by executives are often routine and can reflect personal liquidity needs rather than a view on company fundamentals; the filing’s footnote explains the transaction was driven by a broker rescission and re-execution rather than a new change in intent.
• No options, awards, or tax-withholding actions are indicated in this report.