John Howard Willome 4

What Happened
John Howard Willome, a director of Cullen/Frost Bankers, Inc. (CFR), was credited with 630 deferred stock units (DSUs) on April 29, 2026. The filing reports an acquisition-type transaction (code A) for 630 shares at $0.00 (derivative award). Each DSU represents the right to one share of common stock, and the units vested on April 29, 2026; however, actual shares will be delivered only when Willome separates from service.

Key Details

• Transaction date: 2026-04-29 — 630 DSUs @ $0.00 (transaction code A, derivative award).
• Footnote: Each deferred stock unit equals one share; the DSUs vested on 4/29/2026 and will be delivered upon separation from service.
• Filing date: 2026-05-27. The Form 4 was filed nearly a month after the vesting date; Form 4s are generally required within two business days of the reportable event, so this filing appears late (timeliness flagged).
• Shares owned after the transaction: not specified in this filing.

Context
DSUs are a common director compensation/retention vehicle. This transaction is an award that vests now but does not result in immediate share delivery or sale, so it is not an open-market purchase or sale and does not by itself indicate buying or selling sentiment. Taxation and actual receipt of shares typically occur when the director separates from service.