Bobby Berman, Group Executive Vice President of Research and Strategy at Cullen/Frost Bankers, Inc., filed a Form 4 on November 2, 2026, disclosing the sale of 2,406 shares of common stock on October 30, 2026.

Key Highlights

  • Transaction date: October 30, 2026, with 2,406 shares of Cullen/Frost Bankers common stock disposed of (transaction code S).
  • Weighted average price: $157.10 per share, with actual prices ranging from $156.705 to $158.01, according to the filing.
  • Direct holdings after transaction: 28,406 shares of common stock held directly following the reported sale.
  • Indirect holdings: 20,051.067 shares held indirectly through a 401(k) Plan, as reported in the filing.
  • Role of reporting person: Bobby Berman is identified as an officer with the title GEVP Research and Strategy.
  • Signing: The form was signed by Kirsten Irwin under a power of attorney on behalf of Bobby Berman on November 2, 2026.

Berman's October 2026 Share Disposition at Cullen/Frost Bankers

According to the Form 4 filed with the SEC, Bobby Berman, an officer at Cullen/Frost Bankers, Inc. (NYSE:CFR) serving as Group Executive Vice President of Research and Strategy, disposed of 2,406 shares of the company's common stock (par value $0.01) on October 30, 2026. The filing reports a weighted average sale price of $157.10 per share, with individual transaction prices ranging from $156.705 to $158.01.

The filing notes that Berman will provide, upon request to the issuer, any security holder, or the SEC staff, information regarding the number of shares sold at each specific price within that range. Following the reported transaction, Berman's direct beneficial ownership stands at 28,406 shares of common stock, as disclosed in the filing.

In addition to directly held shares, the filing reports that Berman holds 20,051.067 shares indirectly through a 401(k) Plan. No derivative securities transactions were reported in Table II of the filing. The form was filed by one reporting person and was signed by Kirsten Irwin under a power of attorney dated November 2, 2026.

What Was Disclosed

Bobby Berman, GEVP Research and Strategy at Cullen/Frost Bankers, reported the sale of 2,406 shares of common stock on October 30, 2026, at a weighted average price of $157.10, leaving him with 28,406 directly held shares and 20,051.067 shares held indirectly through a 401(k) Plan.