Banking
Cullen/Frost Bankers Executive Compensation (FY25)
CFR · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): April 29, 2026
211 figures on this page: 200 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Phillip Green was paid $7,625,974 in total compensation as Chairman of the Board and CEO of Cullen/Frost and Frost Bank for fiscal 2025, and compared with the $6,732,410 reported for fiscal 2024, Green's total was 13.3% higher. The disclosed chief executive pay ratio for fiscal 2025 is 99:1, against median employee compensation of $76,993. For fiscal 2025, shareholders backed the say-on-pay proposal with 97.1% of votes cast for or against in favor at the meeting held April 29, 2026. The disclosed peer group includes Bank OZK, Bank United, Inc., BOK Financial Corporation, Commerce Bancshares, Inc. and Huntington Bancshares Incorporated, among others.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Phillip Green: $6,732,410 → $7,625,974 (13.3% higher)
Say-on-pay support: 96.6% → 97.1% (0.5 points higher)
CEO pay ratio: 93:1 → 99:1 (6.5% higher)
Frequently asked questions
Answers drawn from the data on this page.
Who is Cullen/Frost Bankers' chief executive and what were they paid?
Phillip Green was paid $7,625,974 in total compensation as Chairman of the Board and CEO of Cullen/Frost and Frost Bank for fiscal 2025. Compared with the $6,732,410 reported for fiscal 2024, Green's total was 13.3% higher.
What was Cullen/Frost Bankers' say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 97.1% of votes cast for or against in favor at the meeting held April 29, 2026.
Which companies are in Cullen/Frost Bankers' peer group?
The disclosed peer group includes Bank OZK, Bank United, Inc., BOK Financial Corporation, Commerce Bancshares, Inc. and Huntington Bancshares Incorporated, among others.
What is Cullen/Frost Bankers' chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 99:1, against median employee compensation of $76,993.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Phillip Green Chairman of the Board and CEO of Cullen/Frost and Frost Bank | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Paul Bracher President, Group Executive Vice President and Chief Banking Officer of Cullen/Frost and Frost Bank | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Jimmy Stead Group Executive Vice President and Chief Consumer Banking and Technology Officer of Cullen/Frost and Frost Bank | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Coolidge Rhodes Group Executive Vice President and General Counsel and Corporate Secretary of Cullen/Frost and Frost Bank | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Phillip Green Chairman of the Board and CEO | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Paul Bracher President, Group Executive Vice President and Chief Banking Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Jerry Salinas Group Executive Vice President and CFO | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Jimmy Stead Group Executive Vice President and Chief Consumer Banking and Technology Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Coolidge Rhodes Group Executive Vice President and General Counsel and Corporate Secretary | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Phillip Green Chairman of the Board and CEO of Cullen/Frost and Frost Bank | ◇ | ◇ | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Paul Bracher President, Group Executive Vice President and Chief Banking Officer of Cullen/Frost and Frost Bank | ◇ | ◇ | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Jimmy Stead Group Executive Vice President and Chief Consumer Banking and Technology Officer of Cullen/Frost and Frost Bank | ◇ | ◇ | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Coolidge Rhodes Group Executive Vice President and General Counsel and Corporate Secretary of Cullen/Frost and Frost Bank | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
Daniel Geddes Group Executive Vice President and CFO of Cullen/Frost and Frost Bank | ◇ | ◇ | ◇ | — | ◇ | ◇ | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Coolidge E. Rhodes Jr | PSU | ◇ | ◇ | ◇ | ◇ | ◇ | — | ◇ |
| Daniel J. Geddes | PSU | ◇ | ◇ | ◇ | ◇ | ◇ | — | ◇ |
| Jimmy Stead | PSU | ◇ | ◇ | ◇ | ◇ | ◇ | — | ◇ |
| Paul H. Bracher | PSU | ◇ | ◇ | ◇ | ◇ | ◇ | — | ◇ |
| Phillip D. Green | PSU | ◇ | ◇ | ◇ | ◇ | ◇ | — | ◇ |
Fiscal 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Jimmy Stead | PSU | ◇ | ◇ | — | — |
| Paul Bracher | PSU | ◇ | ◇ | — | — |
| Phillip Green | PSU | ◇ | ◇ | — | — |
| Daniel Geddes | PSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Charles W. Matthews Lead independent director | ◇ | ◇ | — | — | — | — | ◇ |
Cynthia J. Comparin | ◇ | ◇ | — | — | — | — | ◇ |
Samuel G. Dawson | ◇ | ◇ | — | — | — | — | ◇ |
Linda B. Rutherford | ◇ | ◇ | — | — | — | — | ◇ |
Joseph A. Pierce | ◇ | ◇ | — | — | — | — | ◇ |
Jack Willome | ◇ | ◇ | — | — | — | — | ◇ |
Anthony R. Chase | ◇ | ◇ | — | — | — | — | ◇ |
Hope Andrade | ◇ | ◇ | — | — | — | — | ◇ |
Crawford H. Edwards | ◇ | ◇ | — | — | — | — | ◇ |
David J. Haemisegger | ◇ | ◇ | — | — | — | — | ◇ |
Chris M. Avery | ◇ | ◇ | — | — | — | — | ◇ |
John T. Engates | ◇ | ◇ | — | — | — | — | ◇ |
Phillip D. Green, Jeffrey M. Rummel and Marsha M. Shields served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Lead independent director premium | ◇ |
| Audit committee chair | ◇ |
| Audit committee member | ◇ |
| Compensation committee chair | ◇ |
| Compensation committee member | ◇ |
| Nominating and governance chair | ◇ |
| Nominating and governance member | ◇ |
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- Bank OZK OZK
- Bank United, Inc. BKU
- BOK Financial Corporation BOKF
- Commerce Bancshares, Inc. CBSH
- Huntington Bancshares Incorporated HBAN
- Synovus Financial Corporation SNV
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | April 29, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | April 30, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | April 24, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | April 26, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | April 27, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | April 28, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | April 29, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | April 24, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | April 25, 2018 | = | ◇ | ◇ | ◇ |
| 2016 | April 27, 2017 | = | ◇ | ◇ | ◇ |
| 2015 | April 28, 2016 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
What this page does not include
Everything above is a fact Cullen/Frost Bankers disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Cullen/Frost Bankers sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Enquire about accessMultiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
211 figures on this page: 200 cited to the filing that reported them, 11 calculated from figures it prints.
200 cited to the filing
11 calculated from the filing
Documents cited
- 0000039263-26-000031
- 0000039263-26-0000232025 Grants of Plan-Based Awards · 2025 Summary Compensation Table · Director Compensation Table
- 0000039263-25-000054
- 0000039263-25-0000452024 Summary Compensation Table
- 0000039263-24-000041
- 0000039263-24-0000252023 Summary Compensation Table
- 0000039263-23-000038Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000039263-22-000018Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000039263-21-000016Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000039263-20-000022Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000039263-19-000030Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000039263-18-000025Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000039263-17-000027Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000039263-16-000083Item 5.07 Submission of Matters to a Vote of Security Holders
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Velarion, “Cullen/Frost Bankers executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/CFR (accessed 2026).
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Peers Cullen/Frost Bankers discloses
The companies named in CFR's own disclosed peer group.
Terms on this page
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}