Phillip D. Green, Chairman and CEO of Cullen/Frost Bankers, Inc., filed a statement of changes in beneficial ownership on October 29, 2026, reporting the acquisition of 19,752 restricted stock units on October 27, 2026.

Key Highlights

  • Reporting person: Phillip D. Green, Chairman and CEO of Cullen/Frost Bankers, Inc., filed as an individual reporting person.
  • Award granted: 19,752 restricted stock units were acquired on October 27, 2026, at a price of $0.
  • Vesting schedule: The RSUs cliff vest three years from the date of grant, according to the filing.
  • Underlying security: Each restricted stock unit represents the right to receive one share of Cullen/Frost common stock, $0.01 par value.
  • Post-transaction holdings: Green beneficially owns 19,752 derivative securities following the reported transaction, held directly.
  • Signed under power of attorney: The filing was signed by Kirsten Irwin under a power of attorney on behalf of Phillip D. Green.

RSU Grant Details for Cullen/Frost Bankers Chairman and CEO

According to the filing, Phillip D. Green, who serves as both Chairman and Chief Executive Officer of Cullen/Frost Bankers, Inc. (NYSE:CFR), a San Antonio, Texas-based financial institution, received a grant of 19,752 restricted stock units on October 27, 2026. The transaction was recorded under Table II of the filing, which covers derivative securities. The award was coded as an acquisition, and the price of the derivative security was reported as $0.

The filing discloses that each restricted stock unit carries the right to receive one share of Cullen/Frost common stock, which carries a par value of $0.01 per share. The units are subject to a cliff-vesting schedule, meaning they vest in their entirety three years from the date of grant rather than on a graduated basis. Following this transaction, Green's reported beneficial ownership of these derivative securities stands at 19,752 units, held directly.

Green's address of record is listed in the filing as 111 West Houston Street, San Antonio, Texas 78205. The form was signed on October 29, 2026, by Kirsten Irwin acting under a power of attorney on Green's behalf. No transactions in non-derivative securities were reported in Table I of the filing.

What Was Disclosed

The filing reports that Cullen/Frost Bankers Chairman and CEO Phillip D. Green was granted 19,752 restricted stock units on October 27, 2026, at no cost, with the units cliff vesting three years from the grant date and each representing one share of common stock.