CULLEN/FROST BANKERS, INC.
For the period ended Mar 31, 2025. Filed May 1, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 1, 2025
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Unregistered Sales of Equity Securities Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
The following table provides information with respect to purchases we made or were made on our behalf or any “affiliated purchaser” (as defined in Rule 10b-18(a)(3) under the Securities Exchange Act of 1934), of our common stock during the three months ended March 31, 2025. Dollar amounts in thousands.
| Period · Total Number ofShares Purchased · Average PricePaid Per Share · Total Number ofShares Purchasedas Part of PubliclyAnnounced Plan · MaximumNumber of Shares(or ApproximateDollar Value)That May Yet BePurchased Underthe Plan at theEnd of the Period (1) | ||||||
|---|---|---|---|---|---|---|
| January 1, 2025 to January 31, 2025 | — | $— | — | $150,000 | ||
| February 1, 2025 to February 28, 2025 | 18,406 | (2) | 141.11 | — | 150,000 | |
| March 1, 2025 to March 31, 2025 | 21 | (2) | 122.60 | — | 150,000 | |
| Total | 18,427 | — | ||||
(1)On January 29, 2025, Cullen/Frost announced that our board of directors authorized a $150.0 million stock repurchase program, allowing us to repurchase shares of our common stock over a one-year period expiring on January 28, 2026.
(2)Repurchases made in connection with the vesting of certain stock compensation awards.
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