Kasanoff Howard L. 4

What Happened

• Howard L. Kasanoff, GEVP & Chief Credit Officer of Cullen/Frost Bankers, Inc. (CFR), was credited with 882 shares as a performance-based award and concurrently had 393 shares disposed to the issuer at $143.60 per share, totaling $56,435.
• The 882-share grant shows $0.00 purchase price (an award/settlement). The 393-share disposition to the issuer is typically a withholding/sale to cover taxes or related obligations.

Key Details

• Transaction date: February 5, 2026; Form 4 filed February 9, 2026.
• Award: 882 shares (acquired at $0.00) — footnote F1: these represent earned performance stock units from the grant on Oct 25, 2022 for the 3-year period ending Dec 31, 2025, approved Feb 5, 2026.
• Disposition: 393 shares sold/returned to issuer at $143.60 per share for $56,435.
• Footnote F2: 102 of the awarded shares were acquired via the company Thrift Stock Plan.
• Shares owned after transaction: Not specified in the provided filing.
• Filing timeliness: Form filed Feb 9, 2026 for a Feb 5, 2026 transaction; no late-filing code was provided in the summary data.

Context

• This filing reflects an earned performance award being settled in shares and a contemporaneous disposition back to the issuer — commonly done to satisfy tax withholding or plan requirements, not necessarily a market-sale indicating sentiment.
• For retail investors, purchases or awards signal insider compensation realization; the withheld/disposed shares reduce the net increase in the insider’s holding.