Cullen/Frost (NYSE: CFR) director awarded 630 deferred stock units, now holds 2,860
Rhea-AI Filing Summary
Pierce Joseph A. reported acquisition or exercise transactions in this Form 4 filing.
CULLEN/FROST BANKERS, INC. director Joseph A. Pierce reported receiving a grant of deferred stock units tied to the company’s common stock. The award covers 630 deferred stock units, each representing the right to receive one share of common stock. Following this grant, Pierce now holds 2,860 deferred stock units directly. The units vested on April 29, 2026, and the underlying shares will be delivered when he experiences a separation from service with the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pierce Joseph A.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 630 | $0.00 | $0.00 |
Holdings After Transaction:
Deferred Stock Units — 2,860 shares (Direct)
Footnotes (2)
- F1. Each deferred stock unit represents the right to receive one share of Cullen/Frost Bankers, Inc. common stock.
- F2. The deferred stock units vested on April 29, 2026. Shares will be delivered to the reporting person on the date when the reporting person experiences a separation from service with Cullen/Frost Bankers, Inc.
Key Figures
Deferred stock units granted: 630 units
Deferred stock units after transaction: 2,860 units
Exercise price: $0.00 per unit
+2 more
5 metrics
Deferred stock units granted
630 units
Grant to director on April 29, 2026
Deferred stock units after transaction
2,860 units
Director’s total deferred stock unit holdings following grant
Exercise price
$0.00 per unit
Conversion or exercise price for deferred stock units
Underlying common shares
630 shares
Shares of common stock underlying the new deferred stock units
Transaction price per unit
$0.00
Price per deferred stock unit reported in the transaction
Key Terms
Deferred Stock Units, underlying security, separation from service
3 terms
Deferred Stock Units financial
"security_title: "Deferred Stock Units""
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
underlying security financial
"underlying_security_title: "Common Stock" and underlying_security_shares"
separation from service financial
"Shares will be delivered ... when the reporting person experiences a separation from service"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did CFR director Joseph A. Pierce report?
Director Joseph A. Pierce reported receiving a grant of 630 deferred stock units. Each unit is linked to one share of Cullen/Frost Bankers, Inc. common stock, increasing his directly held deferred stock unit balance to 2,860 after the transaction.
How many deferred stock units did Joseph A. Pierce receive in this CFR Form 4?
He received 630 deferred stock units in this transaction. These units are derivative securities that each represent the right to receive one share of Cullen/Frost Bankers, Inc. common stock under the company’s deferred stock unit arrangements.
What does each deferred stock unit represent for Cullen/Frost (CFR)?
Each deferred stock unit represents the right to receive one share of Cullen/Frost Bankers, Inc. common stock. This means the units track the company’s common stock and are ultimately settled in shares according to the plan’s terms.
When did the new CFR deferred stock units granted to Joseph A. Pierce vest?
The 630 deferred stock units vested on April 29, 2026. Vesting means the award became non-forfeitable on that date under the company’s plan, subject to the delivery terms described in the related footnote.
How many CFR deferred stock units does Joseph A. Pierce hold after this transaction?
After this grant, he holds 2,860 deferred stock units directly. This figure reflects the cumulative position in deferred stock units following the addition of the 630 newly awarded units reported in the filing.