Rhodes Coolidge E JR, an executive at Cullen/Frost Bankers, Inc., has reported the acquisition of 3,522 restricted stock units. This transaction, filed on October 29, 2026, is significant as it underscores the company's approach to executive compensation and retention.

Background

Cullen/Frost Bankers, Inc. operates in the national commercial banking industry, focusing on providing a range of financial services. The company is based in San Antonio, Texas, and has a history of adapting its strategies to meet market needs. The recent filing is part of a series of disclosures made by Coolidge, with the most recent prior filing on October 26, 2026.

What the Filing Says

The SEC filing states, "Each restricted stock unit represents the right to receive one share of Cullen/Frost common stock." This indicates that the units are designed to align the interests of executives with those of shareholders.

Impact

This acquisition of stock units may influence various stakeholders, including shareholders and employees. By providing executives with stock units, Cullen/Frost aims to enhance retention and motivate its leadership team to drive company performance.

What's Next

The filing does not say what happens next.

Details of the Transaction

The transaction occurred on October 27, 2026, and involved the acquisition of 3,522 restricted stock units, which were granted to Rhodes Coolidge E JR as part of his role as Group EVP General Counsel/Sec at Cullen/Frost Bankers, Inc.

Ownership Structure

Following this transaction, Coolidge now owns a total of 3,522 shares of Cullen/Frost common stock, reflecting direct ownership of the restricted stock units acquired. This aligns with the company's strategy to enhance executive ownership and accountability.

Vesting Schedule

The restricted stock units are subject to a cliff vesting schedule, which means they will fully vest three years from the date of grant. This approach encourages long-term commitment from executives, ensuring their interests remain aligned with those of the shareholders over time.

Additional Context

The filing does not provide details on the overall compensation package for Coolidge or any specific performance metrics that may be tied to the vesting of these stock units.