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Cullen/Frost Bankers Executive Compensation (FY25)

CFR · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Phillip Green
Latest say-on-pay support
=
April 29, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 23, 2026Latest filing (8-K): April 29, 2026
13 filings cited on this page
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262 figures on this page: 250 cited to the filing that reported them, 12 calculated from figures it prints. See the citations

More on Cullen/Frost Bankers

Five data products on this company. Each one is requested through the developer setup page.
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 Associated Banc-Corp, Bank OZK, Bank United, Inc., BOK Financial Corporation and Columbia Banking System, Inc., 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 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Phillip Green
Chairman of the Board and CEO of Cullen/Frost and Frost Bank
◇—◇—◇—◇◇
Paul Bracher
President of Cullen/Frost, Group Executive Vice President and Chief Banking Officer of Frost Bank
◇—◇—◇—◇◇
Jerry Salinas
Group Executive Vice President and CFO 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 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
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
◇—◇—◇—◇◇
Jerry Salinas
Group Executive Vice President and CFO 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
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
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
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
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
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Coolidge RhodesRSU◇——◇——◇
Coolidge RhodesPSU◇◇◇—◇—◇
Daniel J. GeddesRSU◇——◇——◇
Daniel J. GeddesPSU◇◇◇—◇—◇
Jimmy SteadRSU◇——◇——◇
Jimmy SteadPSU◇◇◇—◇—◇
Paul H. BracherRSU◇——◇——◇
Paul H. BracherPSU◇◇◇—◇—◇
Phillip D. GreenRSU◇——◇——◇
Phillip D. GreenPSU◇◇◇—◇—◇
Fiscal 2022, 2023, 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
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Jimmy SteadPSU◇=——
Phillip GreenPSU◇◇——
Paul BracherPSU◇◇——
Daniel GeddesPSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Coolidge Rhodes
Group Executive Vice President and General Counsel and Corporate Secretary of Cullen/Frost and Frost Bank · Terms as described in the company’s compensation discussion · citing a 2026 filing
Change-in-control multiple◇
Benefits continuation on change in control◇
Daniel Geddes
Group Executive Vice President and CFO of Cullen/Frost and Frost Bank · Terms as described in the company’s compensation discussion · citing a 2026 filing
Change-in-control multiple◇
Benefits continuation on change in control◇
Jimmy Stead
Group Executive Vice President and Chief Consumer Banking and Technology Officer of Cullen/Frost and Frost Bank · Terms as described in the company’s compensation discussion · citing a 2026 filing
Change-in-control multiple◇
Benefits continuation on change in control◇
Excise tax treatment◇
Paul Bracher
President, Group Executive Vice President and Chief Banking Officer of Cullen/Frost and Frost Bank · Terms as described in the company’s compensation discussion · citing a 2026 filing
Change-in-control multiple◇
Benefits continuation on change in control◇
Phillip Green
Chairman of the Board and CEO of Cullen/Frost and Frost Bank · Terms as described in the company’s compensation discussion · citing a 2026 filing
Change-in-control multiple◇
Benefits continuation on change in control◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
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
◇◇————◇
David J. Haemisegger
◇◇————◇
Crawford H. Edwards
◇◇————◇
Chris M. Avery
◇◇————◇
John T. Engates
◇◇————◇
Phillip D. Green, Marsha M. Shields and Jeffrey M. Rummel 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◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as Deferred Stock Units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Associated Banc-Corp ASB
  • Bank OZK OZK
  • Bank United, Inc. BKU
  • BOK Financial Corporation BOKF
  • Columbia Banking System, Inc. COLB
  • Comerica Incorporated CMA
  • Commerce Bancshares, Inc. CBSH
  • East West Bancorp, Inc. EWBC
  • F.N.B. Corporation FNB
  • First Horizon Corporation FHN
  • First Interstate Bancsystem, Inc. FIBK
  • Hancock Whitney Corporation HWC
  • Huntington Bancshares Incorporated HBAN
  • KeyCorp KEY
  • Old National Bancorp ONB
  • Pinnacle Financial Partners, Inc. PNFP
  • Prosperity Bancshares, Inc. PB
  • Regions Financial Corporation RF
  • SouthState Corporation SSB
  • Synovus Financial Corporation SNV
  • UMB Financial Corporation UMBF
  • United Bankshares, Inc. UBSI
  • Valley National Bancorp VLY
  • Webster Financial Corporation WBS
  • Wintrust Financial Corporation WTFC
  • Zions Bancorporation, NA symbol not shown

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025April 29, 2026=◇◇◇
2024April 30, 2025=◇◇◇
2023April 24, 2024=◇◇◇
2022April 26, 2023=◇◇◇
2021April 27, 2022=◇◇◇
2020April 28, 2021=◇◇◇
2019April 29, 2020=◇◇◇
2018April 24, 2019=◇◇◇
2017April 25, 2018=◇◇◇
2016April 27, 2017=◇◇◇
2015April 28, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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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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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.
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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.
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Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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Realizable 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.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
262 figures on this page: 250 cited to the filing that reported them, 12 calculated from figures it prints.
250 cited to the filing
12 calculated from the filing

Documents cited

  1. 0000039263-26-000031
  2. 0000039263-26-000023
    Compensation Discussion and Analysis · Director Compensation · Grants of Plan-Based Awards Table · Summary Compensation Table
  3. 0000039263-25-000054
  4. 0000039263-25-000045
    Summary Compensation Table
  5. 0000039263-24-000041
  6. 0000039263-23-000038
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0000039263-22-000018
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0000039263-21-000016
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0000039263-20-000022
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0000039263-19-000030
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0000039263-18-000025
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0000039263-17-000027
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0000039263-16-000083
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Cullen/Frost Bankers executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/CFR (accessed 2026).
Short form: data: Velarion

The paid brief for Cullen/Frost Bankers

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
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13 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Banking rankings

Chief executive pay — BankingCEO pay ratio — BankingSay-on-pay support — Banking

Peers Cullen/Frost Bankers discloses

The companies named in CFR's own disclosed peer group.

Associated Banc-CorpBank OZKBank United, Inc.BOK Financial CorporationColumbia Banking System, Inc.Comerica IncorporatedCommerce Bancshares, Inc.East West Bancorp, Inc.F.N.B. CorporationFirst Horizon CorporationFirst Interstate Bancsystem, Inc.Hancock Whitney CorporationHuntington Bancshares IncorporatedKeyCorpOld National BancorpPinnacle Financial Partners, Inc.Prosperity Bancshares, Inc.Regions Financial CorporationSouthState CorporationSynovus Financial CorporationUMB Financial CorporationUnited Bankshares, Inc.Valley National BancorpWebster Financial Corporation

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

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}
}
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