secwatch.observer — SEC 8-K summary
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Issuer:     CULLEN/FROST BANKERS, INC. (CFR)
CIK:        0000039263
Form:       8-K
Filed at:   2022-10-28T23:59:59+00:00
Accession:  0000039263-22-000044
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Cullen/Frost awards $2.84M in equity to four executives; Jimmy Stead salary raised to $625k
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- Jerry Salinas receives LTIP equity award of ~$790,000 grant date fair value.
- Paul H. Bracher receives LTIP equity award of ~$800,000 grant date fair value.
- Patrick B. Frost receives LTIP equity award of ~$500,000 grant date fair value.
- Jimmy Stead receives LTIP equity award of ~$750,000 and base salary increase to $625,000 effective Jan 1, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39263/000003926322000044/0000039263-22-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39263/000003926322000044/cfr-20221025.htm
  HTML page:      https://secwatch.observer/filing/0000039263-22-000044

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer