STOCK TITAN

Cullen/Frost (NYSE: CFR) risk chief reports sale of 837 shares

(Moderate)
(Negative)
Form Type
4

Rhea-AI Filing Summary

CULLEN/FROST BANKERS, INC. executive Carol Jean Severyn, Group Executive Vice President and Chief Risk Officer, reported an open-market sale of 837 shares of common stock on June 12, 2026 at $148.291 per share. After this sale, she holds 12,712 shares directly and 9,388.292 shares indirectly through a 401(k) plan.

Positive

  • None.

Negative

  • None.
Insider Severyn Carol Jean
Role GEVP and Chief Risk Officer
Sold 837 shs ($124K)
Type Security Shares Price Value
Sale Common Stock, $0.01 par value 837 $148.291 $124K
holding Common Stock, $0.01 par value -- -- --
Holdings After Transaction: Common Stock, $0.01 par value — 12,712 shares (Direct); Common Stock, $0.01 par value — 9,388.292 shares (Indirect, Through 401(k) Plan)
Footnotes (1)
Shares sold 837 shares Open-market sale on June 12, 2026
Sale price per share $148.291 per share Common Stock, $0.01 par value
Direct holdings after transaction 12,712 shares Total shares following transaction, direct ownership
Indirect 401(k) holdings 9,388.292 shares Held indirectly through 401(k) Plan
open-market sale financial
"Sale in open market or private transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Common Stock, $0.01 par value financial
"security_title: Common Stock, $0.01 par value"
401(k) Plan financial
"nature_of_ownership: Through 401(k) Plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What insider transaction did CFR executive Carol Jean Severyn report?

Carol Jean Severyn reported selling 837 shares of Cullen/Frost common stock in an open-market transaction. The sale occurred at a price of $148.291 per share, as disclosed in the Form 4 insider filing.

What role does Carol Jean Severyn hold at Cullen/Frost (CFR)?

Carol Jean Severyn serves as Group Executive Vice President and Chief Risk Officer at Cullen/Frost. This senior leadership role involves overseeing the company’s overall risk management framework across its banking operations and related activities.

How many Cullen/Frost (CFR) shares did Carol Jean Severyn sell?

She sold 837 shares of Cullen/Frost common stock. The transaction was reported as an open-market sale under transaction code “S,” indicating a sale in the market or a private transaction at the disclosed price.

At what price were the Cullen/Frost (CFR) shares sold in this Form 4?

The reported sale price was $148.291 per share for the 837 Cullen/Frost common shares. This per-share price is the transaction price disclosed in the Form 4 and determines the total value of the sale.

How many Cullen/Frost (CFR) shares does Carol Jean Severyn hold after the sale?

After the sale, she directly holds 12,712 Cullen/Frost common shares. She also has an additional 9,388.292 shares held indirectly through a 401(k) plan, giving a combined reported position across direct and indirect ownership.

How are some of Carol Jean Severyn’s Cullen/Frost (CFR) shares held?

A portion of her Cullen/Frost holdings, totaling 9,388.292 shares, is held indirectly through a 401(k) plan. This is distinct from the 12,712 shares she holds directly in her own name after the reported sale.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Severyn Carol Jean

(Last)(First)(Middle)
111 WEST HOUSTON STREET

(Street)
SAN ANTONIO TEXAS 78205

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
CULLEN/FROST BANKERS, INC. [ CFR ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
GEVP and Chief Risk Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/12/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock, $0.01 par value06/12/2026S837D$148.29112,712D
Common Stock, $0.01 par value9,388.292IThrough 401(k) Plan
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
Remarks:
/s/ Carol J. Severyn, by Kirsten Irwin under POA06/15/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)