Cullen/Frost Bankers, Inc.: GEVP chief credit officer Howard L. Kasanoff exercised 2,004 shares

What happened Howard L. Kasanoff, GEVP chief credit officer, exercised or converted derivative awards on Oct 24, 2026. The Form 4 shows 2,004 shares acquired at $0.00 and 2,004 derivative shares disposed at $0.00, and 789 shares were surrendered to satisfy tax withholding at $157.05 for $123,912. The Form 4 was filed on Oct 26, 2026 (period of report Oct 24, 2026).

Key details

• Transaction dates and prices: Oct 24, 2026 — M: 2,004 shares acquired @ $0.00; M: 2,004 shares disposed @ $0.00 (derivative); F: 789 shares disposed @ $157.05 for $123,912.
• Shares owned after the transaction: not reported in this Form 4.
• Footnotes in the filing: F1 — each restricted stock unit represents the right to receive one share of Cullen/Frost common stock; F2 — cliff vested three years from the date of grant.
• Transaction codes reported: M = exercise or conversion of derivative; F = payment of exercise price or tax liability.
• Filing timeliness: Form 4 filed Oct 26, 2026; the filing is not marked late.

Why it may matter

• The filing shows 2,004 derivative shares were acquired and the same 2,004 derivative shares were disposed on the same date, indicating a cashless exercise; 789 shares were surrendered to cover tax withholding.
• A filing does not show why the insider traded or why the company acted.