Cullen/Frost Bankers announces CFO Dan Geddes' compensation; base salary $500k, equity grant $500k

CULLEN/FROST BANKERS, INC.

Dan Geddes appointed Group EVP and CFO effective Jan 1, 2025; annual base salary $500,000.
Target cash bonus set at 80% of base salary under performance-based incentive plan.
Annual LTI target 100% of base: 75% time-based RSUs (3-year cliff vest), 25% performance-based PSUs (3-year period).
Received an equity grant valued at $500,000 on Oct 29, 2024.
Eligible for Change in Control Severance Plan and standard executive benefits.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Dan Geddes

Group Executive Vice President and Chief Financial Officer

CFR · CULLEN/FROST BANKERS, INC.

Effective: 2025-01-01
Filed: November 1, 2024, 7:59 PM ET

announced that Dan Geddes will be appointed to the position of Group Executive Vice President and Chief Financial Officer effective as of January 1, 2025.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Dan Geddes was appointed as Group Executive Vice President and Chief Financial Officer at CULLEN/FROST BANKERS, INC..

Action: appointed
Role: Group Executive Vice President and Chief Financial Officer

Exact text from the filing

announced that Dan Geddes will be appointed to the position of Group Executive Vice President and Chief Financial Officer effective as of January 1, 2025.

View on SEC.gov

CULLEN/FROST BANKERS, INC. filing history →

Source: SEC EDGAR

accession 0000039263-24-000072

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.