Cullen/Frost Bankers director was just granted 513 restricted shares


Carlos Alvarez, a director of Cullen/Frost Bankers, just received 513 restricted shares from the company. The restricted shares don't become available to Alvarez until such time as they become vested. Alvarez now owns at least 3,738 restricted shares of the company.

Some additional info was provided as follows:

Each deferred stock unit represents the right to receive one share of Cullen/Frost common stock. The deferred stock units vested on April 24, 2014. Shares will be delivered to the reporting person on the date when the reporting person experiences a separation from service with Cullen/Frost.

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.

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