secwatch.observer — SEC 8-K summary
======================================

Issuer:     CULLEN/FROST BANKERS, INC. (CFR)
CIK:        0000039263
Form:       8-K/A
Filed at:   2024-11-01T23:59:59+00:00
Accession:  0000039263-24-000072
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39263/000003926324000072/0000039263-24-000072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39263/000003926324000072/cfr-20240701.htm
  HTML page:      https://secwatch.observer/filing/0000039263-24-000072

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