Coolidge E. Rhodes, Jr., Group EVP and General Counsel/Secretary of Cullen/Frost Bankers, Inc., filed a statement of changes in beneficial ownership on October 29, 2026, reporting the acquisition of restricted stock units on October 27, 2026.

Key Highlights

  • Reporting person: Coolidge E. Rhodes, Jr., identified as Group EVP General Counsel/Secretary of Cullen/Frost Bankers, Inc.
  • Award granted: 3,522 restricted stock units acquired on October 27, 2026, at a price of $0.
  • Underlying security: Each restricted stock unit represents the right to receive one share of Cullen/Frost common stock, $0.01 par value.
  • Vesting schedule: The RSUs cliff vest three years from the date of grant, according to the filing.
  • Resulting ownership: Rhodes beneficially owns 3,522 derivative securities following the reported transaction, held directly.
  • Signatory note: The filing was signed "/s/ Coolidge E. Rhodes, Jr. by Kirsten Irwin under POA" and dated October 29, 2026.

RSU Grant to Cullen/Frost's General Counsel: Transaction Details

According to the filing, Cullen/Frost Bankers, Inc. (NYSE:CFR), a San Antonio, Texas-based financial holding company, granted 3,522 restricted stock units to Coolidge E. Rhodes, Jr. on October 27, 2026. Rhodes serves as the company's Group EVP General Counsel and Secretary, and the grant falls under Table II of the disclosure, which covers derivative securities. The RSUs were acquired with a transaction code of "A," indicating an acquisition, at a reported price of $0.

The filing states that each restricted stock unit represents the right to receive one share of Cullen/Frost common stock at a par value of $0.01. The units are subject to a cliff vesting schedule, meaning the entire award vests at once, three years from the date of grant. Following the reported transaction, Rhodes directly holds 3,522 derivative securities beneficially, with no indirect holdings reported in connection with this grant.

The filing was submitted on October 29, 2026, two days after the transaction date, and was signed by Kirsten Irwin acting under a power of attorney on behalf of Rhodes. No transactions were reported in Table I, which covers non-derivative securities, and no shares in the non-derivative table were listed as acquired or disposed of in connection with this filing.

What Was Disclosed

The filing reported the October 27, 2026 grant of 3,522 restricted stock units to Coolidge E. Rhodes, Jr., Group EVP General Counsel/Secretary of Cullen/Frost Bankers, Inc., with a cliff vest three years from the grant date and a transaction price of $0.