Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-15

CULLEN/FROST BANKERS, INC. (CFR)

CEO Phillip Green was paid $7,625,974 in fiscal year 2025, ↑ up 13.3% from fiscal year 2024, the 56th percentile of its disclosed peer group (SEC filing 0000039263-26-000023 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$7,625,974 ↑
Phillip Green total, FY2025
56th
CEO pay percentile vs peers
99:1
CEO-to-median pay ratio
97.08%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Phillip Green (Chairman of the Board and CEO of Cullen/Frost and Frost Bank), FY2025 total compensation $7,625,974 (base salary $1,260,000) [exec_comp, SEC accession 0000039263-26-000023, filed 2026-03-20]

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CFR's next annual pay disclosure, estimated March 19, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Phillip Green$1,260,000$9,692$4,000,081$0$2,075,220$6,399$274,582$7,625,974
Chairman of the Board and CEO of Cullen/Frost and Frost Bank
Paul Bracher690,0005,308950,4740757,6205,46957,0692,465,940
President, Group Executive Vice President and Chief Banking Officer of Cullen/Frost and Frost Bank
Jimmy Stead655,0005,038900,0050719,19071450,1102,330,057
Group Executive Vice President and Chief Consumer Banking and Technology Officer of Cullen/Frost and Frost Bank
Coolidge Rhodes640,0004,923699,9800702,720054,9332,102,556
Group Executive Vice President and General Counsel and Corporate Secretary of Cullen/Frost and Frost Bank
Daniel Geddes500,0003,846650,4840488,0001,30857,3101,700,948
Group Executive Vice President and CFO of Cullen/Frost and Frost Bank

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Phillip Green$7,625,974$6,732,410$6,487,854↑ +893,564
Paul Bracher2,465,9402,239,9402,037,322↑ +226,000
Jimmy Stead2,330,0572,135,3611,943,213↑ +194,696
Coolidge Rhodes2,102,5561,915,6811,733,713↑ +186,875
Daniel Geddes1,700,948———

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Data as of June 15, 2026 · Source: 0000039263-26-000023 · Velarion Executive Compensation Database, deposited on Zenodo (doi:10.5281/zenodo.22283855).

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Companies that benchmark against CFR
27 companies name CFR as a compensation peer

Each company listed discloses CFR in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named CFR in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

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01b

Executives — the named officers

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2025 total
Phillip GreenCEO$7,625,974
Coolidge RhodesGeneral Counsel$2,102,556
Daniel GeddesCFO$1,700,948
Paul BracherEVP$2,465,940
Jimmy SteadEVP$2,330,057
01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Anthony R. ChaseIndependent Director$187,523
Charles W. MatthewsLead Independent Director$275,023
Chris M. AveryIndependent Director$183,773
Crawford H. EdwardsIndependent Director$185,023
Cynthia J. ComparinIndependent Director$195,023
David J. HaemiseggerIndependent Director$185,023
Hope AndradeIndependent Director$185,023
Jack WillomeIndependent Director$187,523
Jeffrey M. RummelIndependent Director—
John T. EngatesIndependent Director$148,357
Joseph A. PierceIndependent Director$192,523
Linda B. RutherfordIndependent Director$192,523
Marsha M. ShieldsIndependent Director—
Samuel G. DawsonIndependent Director$192,523
02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Dividend-equivalent accruals2026-04-29—8,190——13 insiders, 13 accrual rows
Carol Jean SeverynGEVP and Chief Risk Officer2026-06-12D837148124,120CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

View all 14 transactions
InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
David J. HaemiseggerDirector2026-04-29A630$0$0Derivative, Class A CommonForm 4 ↗
Joseph A. PierceDirector2026-04-29A63000Derivative, Class A CommonForm 4 ↗
Linda B. RutherfordDirector2026-04-29A63000Derivative, Class A CommonForm 4 ↗
Charles W. MatthewsDirector2026-04-29A63000Derivative, Class A CommonForm 4 ↗
Marsha M. ShieldsDirector2026-04-29A63000Derivative, Class A CommonForm 4 ↗
Howard Willome JohnDirector2026-04-29A63000Derivative, Class A CommonForm 4 ↗
Jeffrey M. RummelDirector2026-04-29A63000Derivative, Class A CommonForm 4 ↗
Crawford H. EdwardsDirector2026-04-29A63000Derivative, Class A CommonForm 4 ↗
Cynthia J. ComparinDirector2026-04-29A63000Derivative, Class A CommonForm 4 ↗
John T. EngatesDirector2026-04-29A63000Derivative, Class A CommonForm 4 ↗
Samuel G. DawsonDirector2026-04-29A63000Derivative, Class A CommonForm 4 ↗
Anthony R. ChaseDirector2026-04-29A63000Derivative, Class A CommonForm 4 ↗
Hope AndradeDirector2026-04-29A63000Derivative, Class A CommonForm 4 ↗
Carol Jean SeverynGEVP and Chief Risk Officer2026-06-12D837148124,120CommonForm 4 ↗
03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Paul BracherRSU2025-10-28——5,781—$712,450
Coolidge RhodesRSU2025-10-28——4,260—525,002
Phillip GreenRSU2025-10-28——24,343—3,000,031
Phillip GreenPSU2025-10-284,4678,933—13,4001,000,050
Coolidge RhodesPSU2025-10-287821,563—2,345174,978
Jimmy SteadRSU2025-10-28——5,477—674,985
Jimmy SteadPSU2025-10-281,0052,010—3,015225,020
Daniel GeddesRSU2025-10-28——3,956—487,537
Daniel GeddesPSU2025-10-287261,452—2,178162,552
Paul BracherPSU2025-10-281,0612,121—3,182237,446
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Paul Bracher$712,450$237,446$025.0%
Coolidge Rhodes525,002174,978025.0%
Phillip Green3,000,0311,000,050025.0%
Jimmy Stead674,985225,020025.0%
Daniel Geddes487,537162,552025.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Jimmy SteadPSU35,878—$8,752,102
Phillip GreenPSU42,891—24,012,247
Paul BracherPSU26,646—6,500,042
Daniel GeddesPSU33,226—3,677,069
05

Incentive-plan design — the Compensation Discussion & Analysis

The Company targets total executive compensation to be in a competitive range of its peer group, with actual compensation primarily based on Company performance. The program is designed to align management and shareholder interests, encourage teamwork, and avoid excessive risk-taking by balancing fixed compensation with short- and long-term incentives.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantMeridian Compensation Partners, LLC
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-04-2950,928,8981,530,796153,68697.08%Passed
20252025-04-3050,909,6981,782,930617,35096.62%Passed
20242024-04-2453,091,7841,153,675305,01197.87%Passed
20232023-04-2653,464,8551,229,882298,59797.22%Passed
20222022-04-2754,760,201527,978351,84498.42%Passed
20212021-04-2854,940,117680,206331,22098.19%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-04-2997.08%a
20252025-04-3096.62%b
20242024-04-2497.87%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)99 : 1
CEO total compensation$7,625,974
Median employee compensation$76,993
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Charles W. MatthewsIndependent · Lead Independent Director · Audit · Compensation and Benefits (Chair) · Corporate Governance and Nominating · Executive · Risk · Technology and Cybersecurity$190,000$85,023$0$0$0$275,023
Cynthia J. ComparinIndependent · Audit · Technology and Cybersecurity110,00085,023000195,023
Samuel G. DawsonIndependent · Audit · Compensation and Benefits · Corporate Governance and Nominating107,50085,023000192,523
Joseph A. PierceIndependent · Audit · Compensation and Benefits · Corporate Governance and Nominating107,50085,023000192,523
Linda B. RutherfordIndependent · Audit · Compensation and Benefits · Corporate Governance and Nominating107,50085,023000192,523
Anthony R. ChaseIndependent · Compensation and Benefits · Corporate Governance and Nominating · Risk102,50085,023000187,523
Jack WillomeIndependent · Compensation and Benefits · Corporate Governance and Nominating · Risk102,50085,023000187,523
Crawford H. EdwardsIndependent · Risk · Technology and Cybersecurity100,00085,023000185,023
Hope AndradeIndependent · Audit · Risk100,00085,023000185,023
David J. HaemiseggerIndependent · Audit · Risk100,00085,023000185,023
Chris M. AveryIndependent · Compensation and Benefits98,75085,023000183,773
John T. EngatesIndependent · Risk · Technology and Cybersecurity · Newly elected63,33485,023000148,357
Marsha M. ShieldsIndependent · Audit · Risk · Partial-year service · Newly elected000000
Jeffrey M. RummelIndependent · Audit · Risk · Partial-year service · Newly elected000000
Phillip D. GreenEmployee director · Board Chair · Executive · Risk000—00
09

Board fee structure and ownership guideline

Annual cash retainer$80,000
Annual equity retainer$90,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)30,000 / 20,000 / 20,000
Stock ownership guideline$5
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,289,584
Equity awards (grant-date value)$1,020,276
All other compensation$0
Total cost of the board$2,309,860

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies CULLEN/FROST BANKERS, INC. names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including CULLEN/FROST BANKERS, INC..

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Huntington Bancshares Incorporated2025Stephen Steinour$1,189,583$6,899,983$0$3,550,000$12,124,358
2KeyCorp2025Christopher Gorman1,200,0006,209,991689,9983,240,00011,522,025
3UMB Financial Corporation2025J. Mariner Kemper1,172,6575,499,76003,414,60010,350,577
4First Horizon Corporation2025D. Bryan Jordan1,236,0005,561,96702,132,10010,330,365
5Regions Financial Corporation2025John Turner1,190,3854,223,57904,313,09610,037,428
6East West Bancorp, Inc.2025Dominic Ng1,275,0005,094,19303,179,8509,683,884
7Comerica Incorporated2024Curtis Farmer1,115,9814,806,148523,2022,037,9608,864,041
8F.N.B. Corporation2025Vincent J. Delie, Jr.1,222,8933,843,34702,876,4008,472,627
9Columbia Banking System, Inc.2025Clint Stein1,250,0003,748,02702,025,0007,712,345
10Old National Bancorp2025James C. Ryan, III1,263,8773,910,77502,038,0027,633,279
11SouthState Corporation2025John Corbett1,128,2753,051,21603,384,8257,628,421
12CULLEN/FROST BANKERS, INC.2025Phillip Green1,260,0004,000,08102,075,2207,625,974
13Bank United, Inc.2025Rajinder Singh1,050,0003,018,78503,150,0007,437,175
14Bank OZK2025George Gleason1,448,4913,442,85002,131,0657,327,993
15Wintrust Financial Corporation2025Timothy Crane1,188,4623,850,0000—7,037,919
16Valley National Bancorp2025Ira Robbins1,050,0003,837,66701,647,6056,966,119
17Synovus Financial Corporation2024Kevin Blair1,065,3853,366,89002,301,2316,869,560
18Pinnacle Financial Partners, Inc.2025M. Terry Turner1,256,0003,273,59801,961,8296,611,454
19Commerce Bancshares, Inc.2025John Kemper1,047,7422,926,20902,313,1086,498,082
20Associated Banc-Corp2025Andrew Harmening1,120,0002,799,98002,150,4006,354,626
21Hancock Whitney Corporation2025John Hairston1,220,7012,970,25601,789,0886,334,741
22United Bankshares, Inc.2025Richard Adams Jr.1,131,7312,643,86502,199,1206,140,650
23Webster Financial Corporation2024John Ciulla1,100,0003,354,30401,306,2506,050,156
24BOK Financial Corporation2025Stacy Kymes1,110,1253,187,8340770,9655,235,181
25First Interstate Bancsystem, Inc.2025James Reuter1,000,0002,534,83201,044,0004,615,009
26Prosperity Bancshares, Inc.2025David Zalman1,120,187217,1440688,2843,434,273

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
CULLEN/FROST BANKERS, INC.not disclosedRSU 75 · PSU 25not disclosedMeridian Compensation Partners, LLC
Associated Banc-Corpnot disclosedPSU 75 · RSU 25NoMercer
Bank OZKnot disclosedPSU 100Yes — Total Shareholder Return (TSR)McLagan
Bank United, Inc.200%not disclosedYes — Relative three-year TSRPay Governance LLC
BOK Financial Corporation69%not disclosedNonot disclosed
Columbia Banking System, Inc.135%PSU 60 · RSU 40Yes — TSRAon Consulting
Comerica Incorporatednot disclosedSELTPP Units 60 · RSU 30 · Option 10not disclosedFrederic W. Cook & Co. Inc.
Commerce Bancshares, Inc.183.6%not disclosednot disclosedAon
East West Bancorp, Inc.not disclosednot disclosedYes — TSRMeridian Compensation Partners, LLC
F.N.B. Corporation188%not disclosedNonot disclosed
First Horizon Corporation115%PSU 60 · RSU 40Yes — TSR-rank modifierMeridian Compensation Partners, LLC
First Interstate Bancsystem, Inc.not disclosedPSU 60 · RSU 40NoPearl Meyer
Hancock Whitney Corporation122.14%PSU 60 · RSU 40Yes — Three-year relative Total Shareholder Return (TSR)Aon
Huntington Bancshares Incorporated149%not disclosedNonot disclosed
KeyCorp120%PSU 60 · RSU 30NoCompensation Advisory Partners (CAP)
Old National Bancorp129%PSU 60 · RSU 40Yes — Total Shareholder Return (TSR)WTW
Pinnacle Financial Partners, Inc.not disclosedPSU 70 · RSU 30NoMcLagan
Prosperity Bancshares, Inc.40%RSU 100not disclosednot disclosed
Regions Financial Corporation130%RSU 33.33 · PSU 33.33 · PCU 33.33NoFrederic W. Cook & Co., Inc.
SouthState Corporationnot disclosednot disclosedNoFW Cook
Synovus Financial Corporation160%PSU 60 · RSU 40Yes — Relative TSRMeridian
UMB Financial Corporationnot disclosedPSU 60 · RSU 40Nonot disclosed
United Bankshares, Inc.152%PRSU 60 · RSU 40NoAon
Valley National Bancorp112.1%PSU 60 · RSU 40Yes — relative TSRFW Cook
Webster Financial Corporation95%PSU 60 · RSU 40Yes — Peer-relative three-year TSRCAP
Wintrust Financial Corporation120.8%PSU 60 · RSU 40Yes — Relative TSRMeridian Compensation Partners, LLC

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

10d

Frequently asked questions

Who was the highest-paid executive at CULLEN/FROST BANKERS, INC. in fiscal 2025?
As disclosed, Phillip Green (Chairman of the Board and CEO of Cullen/Frost and Frost Bank) was the highest-paid executive at CULLEN/FROST BANKERS, INC. in fiscal 2025, with total compensation of $7,625,974.
How does CULLEN/FROST BANKERS, INC.'s chief executive pay compare to its disclosed peer group?
As disclosed, Phillip Green's total compensation ranked at the 56th percentile of CULLEN/FROST BANKERS, INC.'s disclosed peer group.
What is CULLEN/FROST BANKERS, INC.'s CEO-to-median employee pay ratio?
As disclosed, CULLEN/FROST BANKERS, INC.'s CEO-to-median employee pay ratio was 99:1.
How did shareholders vote on CULLEN/FROST BANKERS, INC.'s executive compensation?
As disclosed, 97.08% of shareholders supported CULLEN/FROST BANKERS, INC.'s executive compensation in the latest say-on-pay vote.
How much does CULLEN/FROST BANKERS, INC. spend in total on board compensation for fiscal 2025?
As disclosed, CULLEN/FROST BANKERS, INC. reported total board compensation of $2,309,860 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Phillip GreenDEF 14A2026-03-200000039263-26-000023Section “Summary Compensation Table” · page 42. As printed: 7,625,974. Filing ↗machine: r2 · c24 · span 705677–705686
2Section 01, Paul BracherDEF 14A2026-03-200000039263-26-000023Section “Summary Compensation Table” · page 42. As printed: 2,465,940. Filing ↗machine: r11 · c24 · span 721085–721094
3Section 01, Jimmy SteadDEF 14A2026-03-200000039263-26-000023Section “Summary Compensation Table” · page 42. As printed: 2,330,057. Filing ↗machine: r15 · c24 · span 729648–729657
4Section 01, Coolidge RhodesDEF 14A2026-03-200000039263-26-000023Section “Summary Compensation Table” · page 42. As printed: 2,102,556. Filing ↗machine: r19 · c24 · span 738235–738244
5Section 01, Daniel GeddesDEF 14A2026-03-200000039263-26-000023Section “Summary Compensation Table” · page 42. As printed: 1,700,948. Filing ↗machine: r7 · c24 · span 715958–715967
6Section 03, Paul Bracher RSUDEF 14A2026-03-200000039263-26-000023Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: span 811345–811352
7Section 03, Coolidge Rhodes RSUDEF 14A2026-03-200000039263-26-000023Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: span 821623–821630
8Section 03, Phillip Green RSUDEF 14A2026-03-200000039263-26-000023Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: span 801634–801643
9Section 03, Phillip Green PSUDEF 14A2026-03-200000039263-26-000023Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗
10Section 03, Coolidge Rhodes PSUDEF 14A2026-03-200000039263-26-000023Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗
11Section 03, Jimmy Stead RSUDEF 14A2026-03-200000039263-26-000023Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: span 816190–816197
12Section 03, Jimmy Stead PSUDEF 14A2026-03-200000039263-26-000023Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗
13Section 03, Daniel Geddes RSUDEF 14A2026-03-200000039263-26-000023Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: span 806486–806493
14Section 03, Daniel Geddes PSUDEF 14A2026-03-200000039263-26-000023Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗
15Section 03, Paul Bracher PSUDEF 14A2026-03-200000039263-26-000023Section “Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗
16Section 07, pay ratioDEF 14A2026-03-200000039263-26-000023Section “CEO Pay Ratio”. As printed: 99 : 1. Filing ↗
17Section 08, Charles W. MatthewsDEF 14A2026-03-200000039263-26-000023Section “Director Compensation”. As printed: 275,023. Filing ↗machine: span 334796–334917
18Section 08, Cynthia J. ComparinDEF 14A2026-03-200000039263-26-000023Section “Director Compensation”. As printed: 195,023. Filing ↗machine: span 329901–330022
19Section 08, Samuel G. DawsonDEF 14A2026-03-200000039263-26-000023Section “Director Compensation”. As printed: 192,523. Filing ↗machine: span 330884–331005
20Section 08, Joseph A. PierceDEF 14A2026-03-200000039263-26-000023Section “Director Compensation”. As printed: 192,523. Filing ↗machine: span 335779–335900
21Section 08, Linda B. RutherfordDEF 14A2026-03-200000039263-26-000023Section “Director Compensation”. As printed: 192,523. Filing ↗machine: span 336765–336886
22Section 08, Anthony R. ChaseDEF 14A2026-03-200000039263-26-000023Section “Director Compensation”. As printed: 187,523. Filing ↗machine: span 328915–329036
23Section 08, Jack WillomeDEF 14A2026-03-200000039263-26-000023Section “Director Compensation”. As printed: 187,523. Filing ↗machine: span 337872–337993
24Section 08, Crawford H. EdwardsDEF 14A2026-03-200000039263-26-000023Section “Director Compensation”. As printed: 185,023. Filing ↗machine: span 331856–331977
25Section 08, Hope AndradeDEF 14A2026-03-200000039263-26-000023Section “Director Compensation”. As printed: 185,023. Filing ↗machine: span 326952–327073
26Section 08, David J. HaemiseggerDEF 14A2026-03-200000039263-26-000023Section “Director Compensation”. As printed: 185,023. Filing ↗machine: span 333810–333931
27Section 08, Chris M. AveryDEF 14A2026-03-200000039263-26-000023Section “Director Compensation”. As printed: 183,773. Filing ↗machine: span 327932–328053
28Section 08, John T. EngatesDEF 14A2026-03-200000039263-26-000023Section “Director Compensation”. As printed: 148,357. Filing ↗machine: span 332823–332944
29Section 08, Marsha M. ShieldsDEF 14A2026-03-200000039263-26-000023Section “Director Compensation”. As printed: 0. Filing ↗
30Section 08, Jeffrey M. RummelDEF 14A2026-03-200000039263-26-000023Section “Director Compensation”. As printed: 0. Filing ↗
31Section 08, Phillip D. GreenDEF 14A2026-03-200000039263-26-000023Section “Director Compensation”. As printed: 0. Filing ↗
32Section 02, David J. Haemisegger 2026-04-29Form 42026-05-270001449103-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Joseph A. Pierce 2026-04-29Form 42026-05-270001953028-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Linda B. Rutherford 2026-04-29Form 42026-05-270001870857-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Charles W. Matthews 2026-04-29Form 42026-05-270001199008-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Marsha M. Shields 2026-04-29Form 42026-05-270001341666-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Howard Willome John 2026-04-29Form 42026-05-270001964771-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Jeffrey M. Rummel 2026-04-29Form 42026-05-270002110084-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Crawford H. Edwards 2026-04-29Form 42026-05-270001344078-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Cynthia J. Comparin 2026-04-29Form 42026-05-270001688444-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, John T. Engates 2026-04-29Form 42026-05-270002066238-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Samuel G. Dawson 2026-04-29Form 42026-05-270001695714-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Anthony R. Chase 2026-04-29Form 42026-05-270001223756-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Hope Andrade 2026-04-29Form 42026-05-270002010150-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Carol Jean Severyn 2026-06-12Form 42026-06-150001767197-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
46Section 06, 2026 voteForm 8-K2026-04-290000039263-26-000031Item 5.07 · say-on-pay result. As reported: 97.08% (votes for as printed: 50,928,898). Filing ↗
47Section 06, 2025 voteForm 8-K2025-04-300000039263-25-000054Item 5.07 · say-on-pay result. As reported: 96.62% (votes for as printed: 50,909,698). Filing ↗
48Section 06, 2024 voteForm 8-K2024-04-250000039263-24-000041Item 5.07 · say-on-pay result. As reported: 97.87% (votes for as printed: 53,091,784). Filing ↗
49Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
50Section 03b vehicle mix (computed)Computed——RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
51Section 09b board cost (computed)Computed——Cash 1,289,584 + equity 1,020,276 + all other 0 = 2,309,860, summed across the director compensation table rows.machine: formula: Σ = 2,309,860
52Huntington Bancshares Incorporated, Section 10b CEO totalDEF 14A2026-03-120001193125-26-103196CEO total compensation as printed in Huntington Bancshares Incorporated's own proxy. As printed: 12,124,358. Filing ↗machine: r4 · c16 · span 3410394–3410404
53KeyCorp, Section 10b CEO totalDEF 14A2026-03-270001193125-26-127600CEO total compensation as printed in KeyCorp's own proxy. As printed: 11,522,025. Filing ↗machine: r4 · c27 · span 1106750–1106760
54UMB Financial Corporation, Section 10b CEO totalDEF 14A2026-03-120001193125-26-103203CEO total compensation as printed in UMB Financial Corporation's own proxy. As printed: 10,350,577. Filing ↗machine: r3 · c43 · span 736314–736324
55First Horizon Corporation, Section 10b CEO totalDEF 14A2026-03-160000036966-26-000063CEO total compensation as printed in First Horizon Corporation's own proxy. As printed: 10,330,365. Filing ↗machine: r3 · c39 · span 1142805–1142815
56Regions Financial Corporation, Section 10b CEO totalDEF 14A2026-03-230001281761-26-000027CEO total compensation as printed in Regions Financial Corporation's own proxy. As printed: 10,037,428. Filing ↗machine: r4 · c27 · span 1748398–1748408
57East West Bancorp, Inc., Section 10b CEO totalDEF 14A2026-04-080002077096-26-000050CEO total compensation as printed in East West Bancorp, Inc.'s own proxy. As printed: 9,683,884. Filing ↗machine: r1 · c8 · span 653312–653321
58Comerica Incorporated, Section 10b CEO totalDEF 14A2025-03-170000028412-25-000135CEO total compensation as printed in Comerica Incorporated's own proxy. As printed: 8,864,041. Filing ↗machine: r2 · c27 · span 1069333–1069342
59F.N.B. Corporation, Section 10b CEO totalDEF 14A2026-03-250001193125-26-122941CEO total compensation as printed in F.N.B. Corporation's own proxy. As printed: 8,472,627. Filing ↗machine: t408 · r4 · c44 · span 1108880–1108889
60Columbia Banking System, Inc., Section 10b CEO totalDEF 14A2026-03-310000887343-26-000126CEO total compensation as printed in Columbia Banking System, Inc.'s own proxy. As printed: 7,712,345. Filing ↗machine: r3 · c8 · span 1922129–1922138
61Old National Bancorp, Section 10b CEO totalDEF 14A2026-04-020001104659-26-039075CEO total compensation as printed in Old National Bancorp's own proxy. As printed: 7,633,279. Filing ↗machine: t235 · r8 · c22 · span 1467749–1467758
62SouthState Corporation, Section 10b CEO totalDEF 14A2026-03-030001104659-26-022580CEO total compensation as printed in SouthState Corporation's own proxy. As printed: 7,628,421. Filing ↗machine: r1 · c6 · span 1308342–1308351
63CULLEN/FROST BANKERS, INC. (subject), Section 10b CEO totalDEF 14A2026-03-200000039263-26-000023CEO total compensation as printed in CULLEN/FROST BANKERS, INC.'s own proxy. As printed: 7,625,974. Filing ↗machine: r2 · c24 · span 705677–705686
64Bank United, Inc., Section 10b CEO totalDEF 14A2026-04-100001504008-26-000037CEO total compensation as printed in Bank United, Inc.'s own proxy. As printed: 7,437,175. Filing ↗machine: span 925764–925773
65Bank OZK, Section 10b CEO totalDEF 14A2026-03-27—CEO total compensation as printed in Bank OZK's own proxy. As printed: 7,327,993. Filing ↗
66Wintrust Financial Corporation, Section 10b CEO totalDEF 14A2026-04-090001104659-26-041498CEO total compensation as printed in Wintrust Financial Corporation's own proxy. As printed: 7,037,919. Filing ↗machine: r1 · c64 · span 1253249–1253258
67Valley National Bancorp, Section 10b CEO totalDEF 14A2026-04-030001193125-26-141225CEO total compensation as printed in Valley National Bancorp's own proxy. As printed: 6,966,119. Filing ↗machine: span 1134231–1134240
68Synovus Financial Corporation, Section 10b CEO totalDEF 14A2025-03-120000018349-25-000057CEO total compensation as printed in Synovus Financial Corporation's own proxy. As printed: 6,869,560. Filing ↗machine: span 787626–787636
69Pinnacle Financial Partners, Inc., Section 10b CEO totalDEF 14A2026-04-090002082866-26-000031CEO total compensation as printed in Pinnacle Financial Partners, Inc.'s own proxy. As printed: 6,611,454. Filing ↗
70Commerce Bancshares, Inc., Section 10b CEO totalDEF 14A2026-03-130000022356-26-000107CEO total compensation as printed in Commerce Bancshares, Inc.'s own proxy. As printed: 6,498,082. Filing ↗
71Associated Banc-Corp, Section 10b CEO totalDEF 14A2026-03-160000007789-26-000097CEO total compensation as printed in Associated Banc-Corp's own proxy. As printed: 6,354,626. Filing ↗machine: r2 · c8 · span 1463993–1464002
72Hancock Whitney Corporation, Section 10b CEO totalDEF 14A2026-03-170001193125-26-109512CEO total compensation as printed in Hancock Whitney Corporation's own proxy. As printed: 6,334,741. Filing ↗machine: t60 · r3 · c9 · span 1028573–1028582
73United Bankshares, Inc., Section 10b CEO totalDEF 14A2026-04-010001193125-26-135771CEO total compensation as printed in United Bankshares, Inc.'s own proxy. As printed: 6,140,650. Filing ↗
74Webster Financial Corporation, Section 10b CEO totalDEF 14A2025-04-110000801337-25-000015CEO total compensation as printed in Webster Financial Corporation's own proxy. As printed: 6,050,156. Filing ↗machine: r3 · c45 · span 981486–981495
75BOK Financial Corporation, Section 10b CEO totalDEF 14A2026-03-190000875357-26-000023CEO total compensation as printed in BOK Financial Corporation's own proxy. As printed: 5,235,181. Filing ↗machine: span 473816–473825
76First Interstate Bancsystem, Inc., Section 10b CEO totalDEF 14A2026-04-160000860413-26-000025CEO total compensation as printed in First Interstate Bancsystem, Inc.'s own proxy. As printed: 4,615,009. Filing ↗machine: r2 · c8 · span 1699688–1699697
77Prosperity Bancshares, Inc., Section 10b CEO totalDEF 14A2026-03-160001193125-26-107142CEO total compensation as printed in Prosperity Bancshares, Inc.'s own proxy. As printed: 3,434,273. Filing ↗machine: t7 · r2 · c26 · span 612855–612864
78Section 10a, Bank United, Inc. reciprocityDEF 14A—0001504008-26-000037Bank United, Inc.'s most recent proxy was read; its disclosed peer group does not include CULLEN/FROST BANKERS, INC.. Filing ↗
79Section 10a, F.N.B. Corporation reciprocityDEF 14A—0001193125-26-122941F.N.B. Corporation names CULLEN/FROST BANKERS, INC. in its own disclosed peer group (read from its most recent proxy). Filing ↗
80Section 10a, Old National Bancorp reciprocityDEF 14A—0001104659-26-039075Old National Bancorp's most recent proxy was read; its disclosed peer group does not include CULLEN/FROST BANKERS, INC.. Filing ↗
81Section 10a, Columbia Banking System, Inc. reciprocityDEF 14A—0000887343-26-000126Columbia Banking System, Inc. names CULLEN/FROST BANKERS, INC. in its own disclosed peer group (read from its most recent proxy). Filing ↗
82Section 10a, Prosperity Bancshares, Inc. reciprocityDEF 14A—0001193125-26-107142Prosperity Bancshares, Inc. names CULLEN/FROST BANKERS, INC. in its own disclosed peer group (read from its most recent proxy). Filing ↗
83Section 10a, Bank OZK reciprocityDEF 14A——Bank OZK names CULLEN/FROST BANKERS, INC. in its own disclosed peer group (read from its most recent proxy). Filing ↗
84Section 10a, BOK Financial Corporation reciprocityDEF 14A—0000875357-26-000023BOK Financial Corporation names CULLEN/FROST BANKERS, INC. in its own disclosed peer group (read from its most recent proxy). Filing ↗
85Section 10a, SouthState Corporation reciprocityDEF 14A—0001104659-26-022580SouthState Corporation names CULLEN/FROST BANKERS, INC. in its own disclosed peer group (read from its most recent proxy). Filing ↗
86Section 10a, Huntington Bancshares Incorporated reciprocityDEF 14A—0001193125-26-103196Huntington Bancshares Incorporated's most recent proxy was read; its disclosed peer group does not include CULLEN/FROST BANKERS, INC.. Filing ↗
87Section 10a, First Interstate Bancsystem, Inc. reciprocityDEF 14A—0000860413-26-000025First Interstate Bancsystem, Inc.'s most recent proxy was read; its disclosed peer group does not include CULLEN/FROST BANKERS, INC.. Filing ↗
88Section 10a, United Bankshares, Inc. reciprocityDEF 14A—0001193125-26-135771United Bankshares, Inc. names CULLEN/FROST BANKERS, INC. in its own disclosed peer group (read from its most recent proxy). Filing ↗
89Section 10a, Comerica Incorporated reciprocityDEF 14A—0000028412-25-000135Comerica Incorporated names CULLEN/FROST BANKERS, INC. in its own disclosed peer group (read from its most recent proxy). Filing ↗
90Section 10a, Wintrust Financial Corporation reciprocityDEF 14A—0001104659-26-041498Wintrust Financial Corporation names CULLEN/FROST BANKERS, INC. in its own disclosed peer group (read from its most recent proxy). Filing ↗
91Section 10a, Regions Financial Corporation reciprocityDEF 14A—0001281761-26-000027Regions Financial Corporation's most recent proxy was read; its disclosed peer group does not include CULLEN/FROST BANKERS, INC.. Filing ↗
92Section 10a, Pinnacle Financial Partners, Inc. reciprocityDEF 14A—0002082866-26-000031Pinnacle Financial Partners, Inc. names CULLEN/FROST BANKERS, INC. in its own disclosed peer group (read from its most recent proxy). Filing ↗
93Section 10a, KeyCorp reciprocityDEF 14A—0001193125-26-127600KeyCorp's most recent proxy was read; its disclosed peer group does not include CULLEN/FROST BANKERS, INC.. Filing ↗
94Section 10a, East West Bancorp, Inc. reciprocityDEF 14A—0002077096-26-000050East West Bancorp, Inc. names CULLEN/FROST BANKERS, INC. in its own disclosed peer group (read from its most recent proxy). Filing ↗
95Section 10a, Associated Banc-Corp reciprocityDEF 14A—0000007789-26-000097Associated Banc-Corp names CULLEN/FROST BANKERS, INC. in its own disclosed peer group (read from its most recent proxy). Filing ↗
96Section 10a, Webster Financial Corporation reciprocityDEF 14A—0000801337-25-000015Webster Financial Corporation names CULLEN/FROST BANKERS, INC. in its own disclosed peer group (read from its most recent proxy). Filing ↗
97Section 10a, First Horizon Corporation reciprocityDEF 14A—0000036966-26-000063First Horizon Corporation names CULLEN/FROST BANKERS, INC. in its own disclosed peer group (read from its most recent proxy). Filing ↗
98Section 10a, UMB Financial Corporation reciprocityDEF 14A—0001193125-26-103203UMB Financial Corporation names CULLEN/FROST BANKERS, INC. in its own disclosed peer group (read from its most recent proxy). Filing ↗
99Section 10a, Commerce Bancshares, Inc. reciprocityDEF 14A—0000022356-26-000107Commerce Bancshares, Inc. names CULLEN/FROST BANKERS, INC. in its own disclosed peer group (read from its most recent proxy). Filing ↗
100Section 10a, Synovus Financial Corporation reciprocityDEF 14A—0000018349-25-000057Synovus Financial Corporation names CULLEN/FROST BANKERS, INC. in its own disclosed peer group (read from its most recent proxy). Filing ↗
101Section 10a, Hancock Whitney Corporation reciprocityDEF 14A—0001193125-26-109512Hancock Whitney Corporation names CULLEN/FROST BANKERS, INC. in its own disclosed peer group (read from its most recent proxy). Filing ↗
102Section 10a, Valley National Bancorp reciprocityDEF 14A—0001193125-26-141225Valley National Bancorp names CULLEN/FROST BANKERS, INC. in its own disclosed peer group (read from its most recent proxy). Filing ↗

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