Cullen/Frost Bankers (CFR) executive compensation, 2026 proxy

Phillip D. Green, Chairman of the Board and CEO of Cullen/Frost and Frost Bank, was paid $7.6M in 2025, up 13% from $6.7M the year before. The CEO-to-median-employee pay ratio was 99:1, on median employee pay of $76,993.

Filed
March 20, 2026
Annual meeting
April 29, 2026
Pay year
2025
Named executives
5
CEO total pay
$7.6M+13% vs prior year
CEO to median employee
99:1median $76,993
CEO pay in equity
52%$4M in awards
CEO Stock Awards
$4,000,081Granted in 2025
CEO Non-Equity Incentive
$2,075,220Paid under Annual Incentive Plan
Median Employee Pay
$76,993Annual total compensation
Pay Ratio
99:1CEO to median employee
PSU Maximum Payout
150%Maximum performance level

How Green was paid

$7.6M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary17%Bonus0%Stock awards52%Non-equity incentive27%Pension and deferred comp0%All other compensation4%

Named executive officers

ExecutiveTotal
Phillip D. GreenChairman of the Board and CEO of Cullen/Frost and Frost Bank$7,625,974
Daniel J. GeddesGroup Executive Vice President and CFO of Cullen/Frost and Frost Bank$1,700,948
Paul H. BracherPresident, Group Executive Vice President and Chief Banking Officer$2,465,940
Jimmy SteadGroup Executive Vice President and Chief Consumer Banking and Technology Officer$2,330,057
Coolidge E. Rhodes, Jr.Group Executive Vice President and General Counsel and Corporate Secretary$2,102,556

What changed and why

  • $7.6MCEO total compensation increased to $7,625,974 in 2025 compared to $6,732,410 in 2024.
  • Eighty-three percent of the CEO's compensation mix is heavily performance-based.
  • Amounts shown in the bonus column represent a two-day payroll transitional bonus paid to all employees.
  • 150%The maximum payout for performance stock units is 150% of PSUs granted.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.