---
schema_version: "secwatch.filing_event.v1"
accession: "0000039263-24-000072"
form_type: "8-K/A"
ticker: "CFR"
cik: "0000039263"
company_name: "CULLEN/FROST BANKERS, INC."
filed_at: "2024-11-01T23:59:59+00:00"
generated_at: "2026-05-30T07:07:18.059840+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000039263-24-000072
- form_type: 8-K/A
- ticker: CFR
- cik: 0000039263
- company_name: CULLEN/FROST BANKERS, INC.
- filed_at: 2024-11-01T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/39263/000003926324000072/0000039263-24-000072-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39263/000003926324000072/cfr-20240701.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000039263-24-000072
- JSON: https://secwatch.observer/filing/0000039263-24-000072.json
- Plain text: https://secwatch.observer/filing/0000039263-24-000072.txt

## Key facts
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/39263/000003926324000072/0000039263-24-000072-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.