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CULLEN/FROST BANKERS INC. 2023-2024 Proxy Voting Records

Compiled from SEC Form N-PX filings and CULLEN/FROST BANKERS INC.’s Form 8-K (Item 5.07 on EDGAR). Page generated 02 October 2026.

  • 19Reported items
  • 452Asset managers
  • 6,676Fund votes
  • 2024-04-24Meeting date

Proxy season: 2023-2024 2024-2025 2025-2026

Explore CULLEN/FROST BANKERS INC. in the interactive database Compare manager voting policies

Official 2023-2024 meeting results reported by CULLEN/FROST BANKERS INC.

These tallies are CULLEN/FROST BANKERS INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

CULLEN/FROST BANKERS INC. — official shareholder meeting results, meeting held 2024-04-24
Ballot itemForAgainst AbstainWithheldBroker non-votesOutcome
Elect Director: Hope Andrade 53,836,172543,771170,527 --5,440,915 Majority: yes
Elect Director: Chris M. Avery 53,065,8711,373,061111,538 --5,440,915 Majority: yes
Elect Director: Anthony R. Chase 52,589,2661,809,729151,475 --5,440,915 Majority: yes
Elect Director: Cynthia J. Comparin 54,111,153324,262115,055 --5,440,915 Majority: yes
Elect Director: Samuel G. Dawson 52,899,7091,546,582104,179 --5,440,915 Majority: yes
Elect Director: Crawford H. Edwards 54,275,657172,604102,209 --5,440,915 Majority: yes
Elect Director: Phillip D. Green 53,347,2111,100,290102,969 --5,440,915 Majority: yes
Elect Director: David J. Haemisegger 53,604,702826,534119,234 --5,440,915 Majority: yes
Elect Director: Charles W. Matthews 50,320,5344,075,821154,115 --5,440,915 Majority: yes
Elect Director: Joseph A. Pierce 52,681,4681,708,647160,355 --5,440,915 Majority: yes
Elect Director: Linda B. Rutherford 52,735,1661,689,456125,848 --5,440,915 Majority: yes
Elect Director: Jack Willome 53,032,3071,396,677121,486 --5,440,915 Majority: yes
(2) To provide nonbinding approval of executive compensation. 53,091,7841,153,675305,011 --5,440,915 Majority: yes
(3) To approve the 2024 Equity Incentive Plan. 53,268,0921,004,357278,021 --5,440,915 Majority: yes
(4) To ratify the selection of Ernst & Young LLP to act as independent auditors of the Company for the fiscal year that began January 1, 2024. 58,738,5831,162,43190,371 ---- Majority: yes

This meeting is also recorded here as 2024-04-25; both records come from the same filing, so the date should be checked against it.

Source: CULLEN/FROST BANKERS INC., Form 8-K — read the filing on EDGAR.

How asset managers voted at the CULLEN/FROST BANKERS INC. 2023-2024 meeting

Each item below shows how the 452 asset managers that disclosed a CULLEN/FROST BANKERS INC. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of CULLEN/FROST BANKERS INC.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. To provide nonbinding approval of executive compensation;

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Combines 16 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 53,091,784AGAINST: 1,153,675

CULLEN/FROST BANKERS INC.’s own tally for this item (“(2) To provide nonbinding approval of executive compensation.”): 53,091,784 for, 1,153,675 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 64,254,270 outstanding shares: 83% for, 2% against (84% of the company cast a for/against vote).

The 435 asset managers below cast 99.0% of the shares they voted on this item FOR (51,406,573 for, 486,546 against).

FOR 99%
FOR: 51,406,573 (98.8%)AGAINST: 486,546 (0.9%)ABSTAIN: 38,727 (0.1%)UNKNOWN: 84,497 (0.2%)NOT VOTED: 682 (0.0%)
Largest asset managers voting on “To provide nonbinding approval of executive compensation;” at CULLEN/FROST BANKERS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard7,987,4140 00For
Aristotle Capital Management, LLC5,598,5810 00For
BlackRock4,849,254460 00For
State Street4,247,703330 00For
Fidelity3,275,3640 00For
Neuberger Berman2,373,9160 00For
KING LUTHER CAPITAL MANAGEMENT CORP1,651,1980 00For
Advisors' Inner Circle Fund II1,475,0000 00For
JPMorgan1,189,8810 00For
Charles Schwab1,041,6390 00For
Janus Henderson991,4650 00For
GEODE CAPITAL MANAGEMENT, LLC970,0960 00For
JANUS INVESTMENT FUND895,7150 00For
Champlain Investment Partners, LLC790,2060 00For
PRINCIPAL GLOBAL INVESTORS785,7970 00For
Dimensional755,9550 00For
Invesco634,1220 00For
John Hancock550,2930 00For
Goldman Sachs437,4380 00For
Equitable378,9680 00For
WESTWOOD HOLDINGS GROUP INC372,0940 00For
Northern Trust356,616574 00For
Bridge Builder Trust314,61523,022 00For
MELLON INVESTMENTS Corp333,0610 00For
ProShares280,6390 00For

Showing the 25 largest of 435 asset managers. See all 435 in the interactive database.

2. To approve the 2024 Equity Incentive Plan;

COMPENSATIONMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 53,268,092AGAINST: 1,004,357

CULLEN/FROST BANKERS INC.’s own tally for this item (“(3) To approve the 2024 Equity Incentive Plan.”): 53,268,092 for, 1,004,357 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 64,254,270 outstanding shares: 83% for, 2% against (84% of the company cast a for/against vote).

The 104 asset managers below cast 99.6% of the shares they voted on this item FOR (25,850,230 for, 85,033 against).

FOR 99.3%
FOR: 25,850,230 (99.3%)AGAINST: 85,033 (0.3%)UNKNOWN: 84,177 (0.3%)
Largest asset managers voting on “To approve the 2024 Equity Incentive Plan;” at CULLEN/FROST BANKERS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard7,900,3360 00For
BlackRock3,303,0150 00For
State Street2,177,145330 00For
Fidelity2,099,4010 00For
Advisors' Inner Circle Fund II1,475,0000 00For
JPMorgan1,147,6310 00For
Neuberger Berman919,7520 00For
JANUS INVESTMENT FUND895,7150 00For
Dimensional561,0480 00For
Charles Schwab517,5320 00For
Equitable378,9680 00For
Bridge Builder Trust314,61523,022 00For
ProShares280,6390 00For
John Hancock275,0870 00For
OLD WESTBURY FUNDS INC275,0000 00For
Principal263,7120 00For
HARBOR FUNDS263,2000 00For
Invesco252,7390 00For
Jackson National198,5150 00For
WisdomTree149,1430 00For
UNDISCOVERED MANAGERS FUNDS129,5860 00For
MADISON FUNDS124,0600 00For
Goldman Sachs113,1860 00For
TRUST FOR PROFESSIONAL MANAGERS107,9691,549 00For
Brighthouse109,3500 00For

Showing the 25 largest of 104 asset managers. See all 104 in the interactive database.

3. To elect 13 director nominees to serve on the Board of Directors of Cullen/Frost for a one-year term that will expire at the 2025 Annual Meeting of Shareholders: Anthony R. Chase

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 6 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 52,589,266AGAINST: 1,809,729

CULLEN/FROST BANKERS INC.’s own tally for this item (“Elect Director: Anthony R. Chase”): 52,589,266 for, 1,809,729 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 64,254,270 outstanding shares: 82% for, 3% against (85% of the company cast a for/against vote).

The 103 asset managers below cast 99.8% of the shares they voted on this item FOR (25,920,236 for, 31,246 against).

FOR 99.8%
FOR: 25,920,236 (99.8%)AGAINST: 31,246 (0.1%)ABSTAIN: 14,581 (0.1%)
Largest asset managers voting on “To elect 13 director nominees to serve on the Board of Directors of Cullen/Frost for a one-year term that will” at CULLEN/FROST BANKERS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard7,900,3360 00For
BlackRock3,303,0150 00For
State Street2,177,007468 00For
Fidelity2,099,4010 00For
Advisors' Inner Circle Fund II1,475,0000 00For
JPMorgan1,147,6310 00For
Neuberger Berman919,7520 00For
JANUS INVESTMENT FUND895,7150 00For
Dimensional561,0480 00For
Charles Schwab517,5320 00For
Equitable378,9680 00For
Bridge Builder Trust314,61523,022 00For
ProShares280,6390 00For
John Hancock275,0870 00For
OLD WESTBURY FUNDS INC275,0000 00For
Principal263,7120 00For
HARBOR FUNDS263,2000 00For
Invesco252,7390 00For
Jackson National198,5150 00For
WisdomTree149,1430 00For
UNDISCOVERED MANAGERS FUNDS129,5860 00For
MADISON FUNDS124,0600 00For
Goldman Sachs113,1860 00For
TRUST FOR PROFESSIONAL MANAGERS109,5180 00For
Brighthouse95,4070 13,9430For

Showing the 25 largest of 103 asset managers. See all 103 in the interactive database.

4. To elect 13 director nominees to serve on the Board of Directors of Cullen/Frost for a one-year term that will expire at the 2025 Annual Meeting of Shareholders: Charles W. Matthews

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 6 wordings of this item as funds reported it.

93% Majority: yes · of votes cast

FOR 93%7%
FOR: 50,320,534AGAINST: 4,075,821

CULLEN/FROST BANKERS INC.’s own tally for this item (“Elect Director: Charles W. Matthews”): 50,320,534 for, 4,075,821 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 64,254,270 outstanding shares: 78% for, 6% against (85% of the company cast a for/against vote).

The 103 asset managers below cast 97% of the shares they voted on this item FOR (25,174,032 for, 777,449 against).

FOR 97%
FOR: 25,174,032 (96.9%)AGAINST: 777,449 (3.0%)ABSTAIN: 14,581 (0.1%)
Largest asset managers voting on “To elect 13 director nominees to serve on the Board of Directors of Cullen/Frost for a one-year term that will” at CULLEN/FROST BANKERS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard7,900,3360 00For
BlackRock3,303,0150 00For
State Street2,176,677798 00For
Fidelity2,099,4010 00For
Advisors' Inner Circle Fund II1,475,0000 00For
JPMorgan1,147,6310 00For
Neuberger Berman919,7520 00For
JANUS INVESTMENT FUND895,7150 00For
Dimensional561,0480 00For
Charles Schwab0517,532 00Against
Equitable378,9680 00For
Bridge Builder Trust314,61523,022 00For
ProShares280,6390 00For
John Hancock275,0870 00For
OLD WESTBURY FUNDS INC275,0000 00For
Principal263,7120 00For
HARBOR FUNDS263,2000 00For
Invesco252,7390 00For
Jackson National198,5150 00For
WisdomTree149,1430 00For
UNDISCOVERED MANAGERS FUNDS129,5860 00For
MADISON FUNDS124,0600 00For
Goldman Sachs113,1860 00For
TRUST FOR PROFESSIONAL MANAGERS109,5180 00For
Brighthouse95,4070 13,9430For

Showing the 25 largest of 103 asset managers. See all 103 in the interactive database.

5. To elect 13 director nominees to serve on the Board of Directors of Cullen/Frost for a one-year term that will expire at the 2025 Annual Meeting of Shareholders: Chris M. Avery

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 6 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 53,065,871AGAINST: 1,373,061

CULLEN/FROST BANKERS INC.’s own tally for this item (“Elect Director: Chris M. Avery”): 53,065,871 for, 1,373,061 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 64,254,270 outstanding shares: 83% for, 2% against (85% of the company cast a for/against vote).

The 103 asset managers below cast 99.8% of the shares they voted on this item FOR (25,920,236 for, 31,246 against).

FOR 99.8%
FOR: 25,920,236 (99.8%)AGAINST: 31,246 (0.1%)ABSTAIN: 14,581 (0.1%)
Largest asset managers voting on “To elect 13 director nominees to serve on the Board of Directors of Cullen/Frost for a one-year term that will” at CULLEN/FROST BANKERS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard7,900,3360 00For
BlackRock3,303,0150 00For
State Street2,177,007468 00For
Fidelity2,099,4010 00For
Advisors' Inner Circle Fund II1,475,0000 00For
JPMorgan1,147,6310 00For
Neuberger Berman919,7520 00For
JANUS INVESTMENT FUND895,7150 00For
Dimensional561,0480 00For
Charles Schwab517,5320 00For
Equitable378,9680 00For
Bridge Builder Trust314,61523,022 00For
ProShares280,6390 00For
John Hancock275,0870 00For
OLD WESTBURY FUNDS INC275,0000 00For
Principal263,7120 00For
HARBOR FUNDS263,2000 00For
Invesco252,7390 00For
Jackson National198,5150 00For
WisdomTree149,1430 00For
UNDISCOVERED MANAGERS FUNDS129,5860 00For
MADISON FUNDS124,0600 00For
Goldman Sachs113,1860 00For
TRUST FOR PROFESSIONAL MANAGERS109,5180 00For
Brighthouse95,4070 13,9430For

Showing the 25 largest of 103 asset managers. See all 103 in the interactive database.

6. To elect 13 director nominees to serve on the Board of Directors of Cullen/Frost for a one-year term that will expire at the 2025 Annual Meeting of Shareholders: Crawford H. Edwards

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 6 wordings of this item as funds reported it.

99.6% Majority: yes · of votes cast

FOR 99.6%
FOR: 54,275,657AGAINST: 172,604

CULLEN/FROST BANKERS INC.’s own tally for this item (“Elect Director: Crawford H. Edwards”): 54,275,657 for, 172,604 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 64,254,270 outstanding shares: 84% for, 0.3% against (85% of the company cast a for/against vote).

The 103 asset managers below cast 99.9% of the shares they voted on this item FOR (25,947,250 for, 4,232 against).

FOR 99.9%
FOR: 25,947,250 (99.9%)AGAINST: 4,232 (0.0%)ABSTAIN: 14,581 (0.1%)
Largest asset managers voting on “To elect 13 director nominees to serve on the Board of Directors of Cullen/Frost for a one-year term that will” at CULLEN/FROST BANKERS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard7,900,3360 00For
BlackRock3,303,0150 00For
State Street2,177,243232 00For
Fidelity2,099,4010 00For
Advisors' Inner Circle Fund II1,475,0000 00For
JPMorgan1,147,6310 00For
Neuberger Berman919,7520 00For
JANUS INVESTMENT FUND895,7150 00For
Dimensional561,0480 00For
Charles Schwab517,5320 00For
Equitable378,9680 00For
Bridge Builder Trust337,6370 00For
ProShares280,6390 00For
John Hancock275,0870 00For
OLD WESTBURY FUNDS INC275,0000 00For
Principal263,7120 00For
HARBOR FUNDS263,2000 00For
Invesco252,7390 00For
Jackson National198,5150 00For
WisdomTree149,1430 00For
UNDISCOVERED MANAGERS FUNDS129,5860 00For
MADISON FUNDS124,0600 00For
Goldman Sachs113,1860 00For
TRUST FOR PROFESSIONAL MANAGERS109,5180 00For
Brighthouse95,4070 13,9430For

Showing the 25 largest of 103 asset managers. See all 103 in the interactive database.

7. To elect 13 director nominees to serve on the Board of Directors of Cullen/Frost for a one-year term that will expire at the 2025 Annual Meeting of Shareholders: Cynthia J. Comparin

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 6 wordings of this item as funds reported it.

99.4% Majority: yes · of votes cast

FOR 99.4%
FOR: 54,111,153AGAINST: 324,262

CULLEN/FROST BANKERS INC.’s own tally for this item (“Elect Director: Cynthia J. Comparin”): 54,111,153 for, 324,262 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 64,254,270 outstanding shares: 84% for, 0.6% against (85% of the company cast a for/against vote).

The 103 asset managers below cast 99.9% of the shares they voted on this item FOR (25,947,249 for, 4,232 against).

FOR 99.9%
FOR: 25,947,249 (99.9%)AGAINST: 4,232 (0.0%)ABSTAIN: 14,581 (0.1%)
Largest asset managers voting on “To elect 13 director nominees to serve on the Board of Directors of Cullen/Frost for a one-year term that will” at CULLEN/FROST BANKERS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard7,900,3360 00For
BlackRock3,303,0150 00For
State Street2,177,243232 00For
Fidelity2,099,4010 00For
Advisors' Inner Circle Fund II1,475,0000 00For
JPMorgan1,147,6310 00For
Neuberger Berman919,7520 00For
JANUS INVESTMENT FUND895,7150 00For
Dimensional561,0480 00For
Charles Schwab517,5320 00For
Equitable378,9680 00For
Bridge Builder Trust337,6370 00For
ProShares280,6390 00For
John Hancock275,0870 00For
OLD WESTBURY FUNDS INC275,0000 00For
Principal263,7120 00For
HARBOR FUNDS263,2000 00For
Invesco252,7390 00For
Jackson National198,5150 00For
WisdomTree149,1430 00For
UNDISCOVERED MANAGERS FUNDS129,5860 00For
MADISON FUNDS124,0600 00For
Goldman Sachs113,1860 00For
TRUST FOR PROFESSIONAL MANAGERS109,5180 00For
Brighthouse95,4070 13,9430For

Showing the 25 largest of 103 asset managers. See all 103 in the interactive database.

8. To elect 13 director nominees to serve on the Board of Directors of Cullen/Frost for a one-year term that will expire at the 2025 Annual Meeting of Shareholders: David J. Haemisegger

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 6 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 53,604,702AGAINST: 826,534

CULLEN/FROST BANKERS INC.’s own tally for this item (“Elect Director: David J. Haemisegger”): 53,604,702 for, 826,534 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 64,254,270 outstanding shares: 83% for, 1% against (85% of the company cast a for/against vote).

The 103 asset managers below cast 99.8% of the shares they voted on this item FOR (25,920,238 for, 31,244 against).

FOR 99.8%
FOR: 25,920,238 (99.8%)AGAINST: 31,244 (0.1%)ABSTAIN: 14,581 (0.1%)
Largest asset managers voting on “To elect 13 director nominees to serve on the Board of Directors of Cullen/Frost for a one-year term that will” at CULLEN/FROST BANKERS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard7,900,3360 00For
BlackRock3,303,0150 00For
State Street2,176,913562 00For
Fidelity2,099,4010 00For
Advisors' Inner Circle Fund II1,475,0000 00For
JPMorgan1,147,6310 00For
Neuberger Berman919,7520 00For
JANUS INVESTMENT FUND895,7150 00For
Dimensional561,0480 00For
Charles Schwab517,5320 00For
Equitable378,9680 00For
Bridge Builder Trust314,61523,022 00For
ProShares280,6390 00For
John Hancock275,0870 00For
OLD WESTBURY FUNDS INC275,0000 00For
Principal263,7120 00For
HARBOR FUNDS263,2000 00For
Invesco252,7390 00For
Jackson National198,5150 00For
WisdomTree149,1430 00For
UNDISCOVERED MANAGERS FUNDS129,5860 00For
MADISON FUNDS124,0600 00For
Goldman Sachs113,1860 00For
TRUST FOR PROFESSIONAL MANAGERS109,5180 00For
Brighthouse95,4070 13,9430For

Showing the 25 largest of 103 asset managers. See all 103 in the interactive database.

9. To elect 13 director nominees to serve on the Board of Directors of Cullen/Frost for a one-year term that will expire at the 2025 Annual Meeting of Shareholders: Hope Andrade

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 6 wordings of this item as funds reported it.

99.0% Majority: yes · of votes cast

FOR 99.0%
FOR: 53,836,172AGAINST: 543,771

CULLEN/FROST BANKERS INC.’s own tally for this item (“Elect Director: Hope Andrade”): 53,836,172 for, 543,771 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 64,254,270 outstanding shares: 84% for, 0.9% against (85% of the company cast a for/against vote).

The 103 asset managers below cast 99.9% of the shares they voted on this item FOR (25,951,481 for, 1 against).

FOR 99.9%
FOR: 25,951,481 (99.9%)AGAINST: 1 (0.0%)ABSTAIN: 14,581 (0.1%)
Largest asset managers voting on “To elect 13 director nominees to serve on the Board of Directors of Cullen/Frost for a one-year term that will” at CULLEN/FROST BANKERS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard7,900,3360 00For
BlackRock3,303,0150 00For
State Street2,177,4750 00For
Fidelity2,099,4010 00For
Advisors' Inner Circle Fund II1,475,0000 00For
JPMorgan1,147,6310 00For
Neuberger Berman919,7520 00For
JANUS INVESTMENT FUND895,7150 00For
Dimensional561,0480 00For
Charles Schwab517,5320 00For
Equitable378,9680 00For
Bridge Builder Trust337,6370 00For
ProShares280,6390 00For
John Hancock275,0870 00For
OLD WESTBURY FUNDS INC275,0000 00For
Principal263,7120 00For
HARBOR FUNDS263,2000 00For
Invesco252,7390 00For
Jackson National198,5150 00For
WisdomTree149,1430 00For
UNDISCOVERED MANAGERS FUNDS129,5860 00For
MADISON FUNDS124,0600 00For
Goldman Sachs113,1860 00For
TRUST FOR PROFESSIONAL MANAGERS109,5180 00For
Brighthouse95,4070 13,9430For

Showing the 25 largest of 103 asset managers. See all 103 in the interactive database.

10. To elect 13 director nominees to serve on the Board of Directors of Cullen/Frost for a one-year term that will expire at the 2025 Annual Meeting of Shareholders: Jack Willome

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 6 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 53,032,307AGAINST: 1,396,677

CULLEN/FROST BANKERS INC.’s own tally for this item (“Elect Director: Jack Willome”): 53,032,307 for, 1,396,677 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 64,254,270 outstanding shares: 83% for, 2% against (85% of the company cast a for/against vote).

The 103 asset managers below cast 99.8% of the shares they voted on this item FOR (25,920,236 for, 31,246 against).

FOR 99.8%
FOR: 25,920,236 (99.8%)AGAINST: 31,246 (0.1%)ABSTAIN: 14,581 (0.1%)
Largest asset managers voting on “To elect 13 director nominees to serve on the Board of Directors of Cullen/Frost for a one-year term that will” at CULLEN/FROST BANKERS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard7,900,3360 00For
BlackRock3,303,0150 00For
State Street2,177,007468 00For
Fidelity2,099,4010 00For
Advisors' Inner Circle Fund II1,475,0000 00For
JPMorgan1,147,6310 00For
Neuberger Berman919,7520 00For
JANUS INVESTMENT FUND895,7150 00For
Dimensional561,0480 00For
Charles Schwab517,5320 00For
Equitable378,9680 00For
Bridge Builder Trust314,61523,022 00For
ProShares280,6390 00For
John Hancock275,0870 00For
OLD WESTBURY FUNDS INC275,0000 00For
Principal263,7120 00For
HARBOR FUNDS263,2000 00For
Invesco252,7390 00For
Jackson National198,5150 00For
WisdomTree149,1430 00For
UNDISCOVERED MANAGERS FUNDS129,5860 00For
MADISON FUNDS124,0600 00For
Goldman Sachs113,1860 00For
TRUST FOR PROFESSIONAL MANAGERS109,5180 00For
Brighthouse95,4070 13,9430For

Showing the 25 largest of 103 asset managers. See all 103 in the interactive database.

11. To elect 13 director nominees to serve on the Board of Directors of Cullen/Frost for a one-year term that will expire at the 2025 Annual Meeting of Shareholders: Joseph A. Pierce

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 6 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 52,681,468AGAINST: 1,708,647

CULLEN/FROST BANKERS INC.’s own tally for this item (“Elect Director: Joseph A. Pierce”): 52,681,468 for, 1,708,647 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 64,254,270 outstanding shares: 82% for, 3% against (85% of the company cast a for/against vote).

The 103 asset managers below cast 99% of the shares they voted on this item FOR (25,645,236 for, 306,246 against).

FOR 99%
FOR: 25,645,236 (98.8%)AGAINST: 306,246 (1.2%)ABSTAIN: 14,581 (0.1%)
Largest asset managers voting on “To elect 13 director nominees to serve on the Board of Directors of Cullen/Frost for a one-year term that will” at CULLEN/FROST BANKERS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard7,900,3360 00For
BlackRock3,303,0150 00For
State Street2,177,007468 00For
Fidelity2,099,4010 00For
Advisors' Inner Circle Fund II1,475,0000 00For
JPMorgan1,147,6310 00For
Neuberger Berman919,7520 00For
JANUS INVESTMENT FUND895,7150 00For
Dimensional561,0480 00For
Charles Schwab517,5320 00For
Equitable378,9680 00For
Bridge Builder Trust314,61523,022 00For
ProShares280,6390 00For
John Hancock275,0870 00For
OLD WESTBURY FUNDS INC0275,000 00Against
Principal263,7120 00For
HARBOR FUNDS263,2000 00For
Invesco252,7390 00For
Jackson National198,5150 00For
WisdomTree149,1430 00For
UNDISCOVERED MANAGERS FUNDS129,5860 00For
MADISON FUNDS124,0600 00For
Goldman Sachs113,1860 00For
TRUST FOR PROFESSIONAL MANAGERS109,5180 00For
Brighthouse95,4070 13,9430For

Showing the 25 largest of 103 asset managers. See all 103 in the interactive database.

12. To elect 13 director nominees to serve on the Board of Directors of Cullen/Frost for a one-year term that will expire at the 2025 Annual Meeting of Shareholders: Linda B. Rutherford

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 6 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 52,735,166AGAINST: 1,689,456

CULLEN/FROST BANKERS INC.’s own tally for this item (“Elect Director: Linda B. Rutherford”): 52,735,166 for, 1,689,456 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 64,254,270 outstanding shares: 82% for, 3% against (85% of the company cast a for/against vote).

The 103 asset managers below cast 99% of the shares they voted on this item FOR (25,635,670 for, 315,812 against).

FOR 99%
FOR: 25,635,670 (98.7%)AGAINST: 315,812 (1.2%)ABSTAIN: 14,581 (0.1%)
Largest asset managers voting on “To elect 13 director nominees to serve on the Board of Directors of Cullen/Frost for a one-year term that will” at CULLEN/FROST BANKERS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard7,900,3360 00For
BlackRock3,303,0150 00For
State Street2,177,007468 00For
Fidelity2,099,4010 00For
Advisors' Inner Circle Fund II1,475,0000 00For
JPMorgan1,147,6310 00For
Neuberger Berman919,7520 00For
JANUS INVESTMENT FUND895,7150 00For
Dimensional561,0480 00For
Charles Schwab517,5320 00For
Equitable378,9680 00For
Bridge Builder Trust314,61523,022 00For
ProShares280,6390 00For
John Hancock275,0870 00For
OLD WESTBURY FUNDS INC0275,000 00Against
Principal263,7120 00For
HARBOR FUNDS263,2000 00For
Invesco252,7390 00For
Jackson National198,5150 00For
WisdomTree149,1430 00For
UNDISCOVERED MANAGERS FUNDS129,5860 00For
MADISON FUNDS124,0600 00For
Goldman Sachs113,1860 00For
TRUST FOR PROFESSIONAL MANAGERS109,5180 00For
Brighthouse95,4070 13,9430For

Showing the 25 largest of 103 asset managers. See all 103 in the interactive database.

13. To elect 13 director nominees to serve on the Board of Directors of Cullen/Frost for a one-year term that will expire at the 2025 Annual Meeting of Shareholders: Phillip D. Green

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 6 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 53,347,211AGAINST: 1,100,290

CULLEN/FROST BANKERS INC.’s own tally for this item (“Elect Director: Phillip D. Green”): 53,347,211 for, 1,100,290 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 64,254,270 outstanding shares: 83% for, 2% against (85% of the company cast a for/against vote).

The 103 asset managers below cast 99.8% of the shares they voted on this item FOR (25,908,728 for, 42,754 against).

FOR 99.7%
FOR: 25,908,728 (99.8%)AGAINST: 42,754 (0.2%)ABSTAIN: 14,581 (0.1%)
Largest asset managers voting on “To elect 13 director nominees to serve on the Board of Directors of Cullen/Frost for a one-year term that will” at CULLEN/FROST BANKERS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard7,900,3360 00For
BlackRock3,303,0150 00For
State Street2,177,185290 00For
Fidelity2,099,4010 00For
Advisors' Inner Circle Fund II1,475,0000 00For
JPMorgan1,147,6310 00For
Neuberger Berman919,7520 00For
JANUS INVESTMENT FUND895,7150 00For
Dimensional561,0480 00For
Charles Schwab517,5320 00For
Equitable378,9680 00For
Bridge Builder Trust337,6370 00For
ProShares280,6390 00For
John Hancock275,0870 00For
OLD WESTBURY FUNDS INC275,0000 00For
Principal263,7120 00For
HARBOR FUNDS263,2000 00For
Invesco252,7390 00For
Jackson National198,5150 00For
WisdomTree149,1430 00For
UNDISCOVERED MANAGERS FUNDS129,5860 00For
MADISON FUNDS124,0600 00For
Goldman Sachs113,1860 00For
TRUST FOR PROFESSIONAL MANAGERS109,5180 00For
Brighthouse95,4070 13,9430For

Showing the 25 largest of 103 asset managers. See all 103 in the interactive database.

14. To elect 13 director nominees to serve on the Board of Directors of Cullen/Frost for a one-year term that will expire at the 2025 Annual Meeting of Shareholders: Samuel G. Dawson

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 6 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 52,899,709AGAINST: 1,546,582

CULLEN/FROST BANKERS INC.’s own tally for this item (“Elect Director: Samuel G. Dawson”): 52,899,709 for, 1,546,582 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 64,254,270 outstanding shares: 82% for, 2% against (85% of the company cast a for/against vote).

The 103 asset managers below cast 99.8% of the shares they voted on this item FOR (25,920,236 for, 31,246 against).

FOR 99.8%
FOR: 25,920,236 (99.8%)AGAINST: 31,246 (0.1%)ABSTAIN: 14,581 (0.1%)
Largest asset managers voting on “To elect 13 director nominees to serve on the Board of Directors of Cullen/Frost for a one-year term that will” at CULLEN/FROST BANKERS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard7,900,3360 00For
BlackRock3,303,0150 00For
State Street2,177,007468 00For
Fidelity2,099,4010 00For
Advisors' Inner Circle Fund II1,475,0000 00For
JPMorgan1,147,6310 00For
Neuberger Berman919,7520 00For
JANUS INVESTMENT FUND895,7150 00For
Dimensional561,0480 00For
Charles Schwab517,5320 00For
Equitable378,9680 00For
Bridge Builder Trust314,61523,022 00For
ProShares280,6390 00For
John Hancock275,0870 00For
OLD WESTBURY FUNDS INC275,0000 00For
Principal263,7120 00For
HARBOR FUNDS263,2000 00For
Invesco252,7390 00For
Jackson National198,5150 00For
WisdomTree149,1430 00For
UNDISCOVERED MANAGERS FUNDS129,5860 00For
MADISON FUNDS124,0600 00For
Goldman Sachs113,1860 00For
TRUST FOR PROFESSIONAL MANAGERS109,5180 00For
Brighthouse95,4070 13,9430For

Showing the 25 largest of 103 asset managers. See all 103 in the interactive database.

15. To ratify the selection of Ernst & Young LLP to act as independent auditors of Cullen/Frost for the fiscal year that began January 1, 2024;

AUDIT-RELATEDMajority of the votes cast: yes

Combines 4 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 58,738,583AGAINST: 1,162,431

CULLEN/FROST BANKERS INC.’s own tally for this item (“(4) To ratify the selection of Ernst & Young LLP to act as independent auditors of the Company for the fiscal year that began January 1, 2024.”): 58,738,583 for, 1,162,431 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 64,254,270 outstanding shares: 91% for, 2% against (93% of the company cast a for/against vote).

The 103 asset managers below cast 99.9% of the shares they voted on this item FOR (25,951,608 for, 511 against).

FOR 99.9%
FOR: 25,951,608 (99.9%)AGAINST: 511 (0.0%)ABSTAIN: 13,943 (0.1%)
Largest asset managers voting on “To ratify the selection of Ernst & Young LLP to act as independent auditors of Cullen/Frost for the fiscal yea” at CULLEN/FROST BANKERS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Vanguard7,900,3360 00For
BlackRock3,303,0150 00For
State Street2,177,145330 00For
Fidelity2,099,4010 00For
Advisors' Inner Circle Fund II1,475,0000 00For
JPMorgan1,147,6310 00For
Neuberger Berman919,7520 00For
JANUS INVESTMENT FUND895,7150 00For
Dimensional561,0480 00For
Charles Schwab517,5320 00For
Equitable378,9680 00For
Bridge Builder Trust337,6370 00For
ProShares280,6390 00For
John Hancock275,0870 00For
OLD WESTBURY FUNDS INC275,0000 00For
Principal263,7120 00For
HARBOR FUNDS263,2000 00For
Invesco252,7390 00For
Jackson National198,5150 00For
WisdomTree149,1430 00For
UNDISCOVERED MANAGERS FUNDS129,5860 00For
MADISON FUNDS124,0600 00For
Goldman Sachs113,1860 00For
TRUST FOR PROFESSIONAL MANAGERS109,5180 00For
Brighthouse95,4070 13,9430For

Showing the 25 largest of 103 asset managers. See all 103 in the interactive database.

16. ELECTION OF DIRECTOR TO SERVE FOR A ONE-YEAR TERM THAT WILL EXPIRE AT THE 2025 ANNUAL MEETING OF SHAREHOLDERS: CARLOS ALVAREZ

DIRECTOR ELECTIONS

Combines 3 wordings of this item as funds reported it.

100% fund support · no official result

8%ABSTAIN 92%

The 49 asset managers below cast 100% of the shares they voted on this item FOR (474,428 for, 0 against).

FOR: 474,428 (7.6%)ABSTAIN: 5,736,296 (92.4%)
Largest asset managers voting on “ELECTION OF DIRECTOR TO SERVE FOR A ONE-YEAR TERM THAT WILL EXPIRE AT THE 2025 ANNUAL MEETING OF SHAREHOLDERS:” at CULLEN/FROST BANKERS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Advisors' Inner Circle Fund II00 1,475,0000Abstain
JPMorgan00 1,147,6310Abstain
Neuberger Berman00 919,7520Abstain
Charles Schwab00 517,5320Abstain
Bridge Builder Trust00 337,6370Abstain
John Hancock00 275,0870Abstain
HARBOR FUNDS00 263,2000Abstain
Jackson National00 198,5150Abstain
UNDISCOVERED MANAGERS FUNDS00 129,5860Abstain
MADISON FUNDS124,0600 00For
TRUST FOR PROFESSIONAL MANAGERS99,8000 9,7180For
LKCM Funds00 102,8170Abstain
Brighthouse00 97,3330Abstain
Aristotle Funds Series Trust00 90,4000Abstain
State Street00 65,5100Abstain
New York Life00 55,5200Abstain
Russell Investments50,8930 00For
TIMOTHY PLAN47,7940 00For
FORUM FUNDS47,4000 00For
SEI00 24,8680Abstain
Allianz00 24,2540Abstain
Gabelli23,5000 00For
Pear Tree Funds15,3000 00For
ULTRA SERIES FUND15,2810 00For
Northern Lights Fund Trust IV9,3060 00For

Showing the 25 largest of 49 asset managers. See all 49 in the interactive database.

17. Advisory Vote to Ratify Named Executive Officers' Compensation

SECTION 14A SAY-ON-PAY VOTESSECTION 14A SAY-ON-PAY VOTESSECTION 14A SAY-ON-PAY VOTESSECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

98% Majority: yes · of votes cast

FOR 98%
FOR: 53,091,784AGAINST: 1,153,675

CULLEN/FROST BANKERS INC.’s own tally for this item (“(2) To provide nonbinding approval of executive compensation.”): 53,091,784 for, 1,153,675 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 64,254,270 outstanding shares: 83% for, 2% against (84% of the company cast a for/against vote).

The 10 asset managers below cast 96% of the shares they voted on this item FOR (1,458,885 for, 56,453 against).

FOR 96%
FOR: 1,458,885 (96.3%)AGAINST: 56,453 (3.7%)
Largest asset managers voting on “Advisory Vote to Ratify Named Executive Officers' Compensation” at CULLEN/FROST BANKERS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
JPMorgan776,4520 00For
MONTRUSCO BOLTON INVESTMENTS INC.630,1340 00For
APG Asset Management US Inc.056,136 00Against
Empower50,3400 00For
Capitol Series Trust1,7300 00For
Desjardins Global Asset Management Inc.0317 00Against
TD ASSET MANAGEMENT INC1400 00For
Warren Street Wealth Advisors, LLC710 00For
Balentine LLC170 00For
Empirical Financial Services, LLC d.b.a. Empirical Wealth Ma10 00For

18. Elect Director Carlos Alvarez *Withdrawn Resolution*

DIRECTOR ELECTIONS

100% fund support · no official result

N/A 80%11%9%

The 6 asset managers below cast 100% of the shares they voted on this item FOR (71 for, 0 against).

FOR: 71 (0.1%)N/A: 50,340 (80.0%)UNKNOWN: 6,609 (10.5%)NOT VOTED: 5,912 (9.4%)
Largest asset managers voting on “Elect Director Carlos Alvarez *Withdrawn Resolution*” at CULLEN/FROST BANKERS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Empower00 00N/A
Lincoln Financial00 00Not Voted
SA FUNDS INVESTMENT TRUST00 00Unknown
Capitol Series Trust00 00Unknown
Humankind Benefit Corp00 00Unknown
Warren Street Wealth Advisors, LLC710 00For

19. Approve Omnibus Stock Plan

COMPENSATION

100% fund support · no official result

FOR 100%

The 3 asset managers below cast 100% of the shares they voted on this item FOR (52,141 for, 0 against).

FOR: 52,141 (100.0%)
Largest asset managers voting on “Approve Omnibus Stock Plan” at CULLEN/FROST BANKERS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Empower50,3400 00For
Capitol Series Trust1,7300 00For
Warren Street Wealth Advisors, LLC710 00For

Largest CULLEN/FROST BANKERS INC. shareholders voting in 2023-2024

Ranked by the number of CULLEN/FROST BANKERS INC. shares each manager voted on the most widely held ballot item of the 2023-2024 meeting, shown as a share of the 64,254,270 shares outstanding at the time of that meeting.

Top CULLEN/FROST BANKERS INC. shareholders by shares voted, 2023-2024
#Asset manager % of shares outstanding
1Vanguard 12.43%
2Aristotle Capital Management, LLC 8.71%
3BlackRock 7.55%
4State Street 6.61%
5Fidelity 5.10%
6Neuberger Berman 3.69%
7KING LUTHER CAPITAL MANAGEMENT CORP 2.57%
8Advisors' Inner Circle Fund II 2.30%
9JPMorgan 1.85%
10Charles Schwab 1.62%

Reported CULLEN/FROST BANKERS INC. ownership

Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).

CULLEN/FROST BANKERS INC. beneficial owners on record for the 2023-2024 proxy season
Holder % outstanding Disclosure
Vanguard Group 10.10% 13F
BlackRock 9.64% 13F
Aristotle Capital Management, LLC 9.05% DEF14A
FMR (Fidelity) 2.05% 13F
Geode Capital 1.57% 13F
Dimensional Fund Advisors 1.30% 13F
JPMorgan Chase 1.05% 13F
BNY Mellon 1.01% 13F
Norges Bank 1.00% 13F
Goldman Sachs 0.99% 13F

Percentages above are of 64,254,270 shares outstanding, as reported by CULLEN/FROST BANKERS INC. on its Form 10-Q dated 2024-04-18 (see the filing on EDGAR). This is the count contemporaneous with the 2023-2024 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from CULLEN/FROST BANKERS INC.’s 10-Q dated 2024-04-18. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.

At CULLEN/FROST BANKERS INC.'s shareholder meeting held 2024-04-24, in the 2023-2024 proxy season, 452 asset managers reported how they voted in their SEC Form N-PX filings, covering 6,676 separate fund positions. Their filings are grouped here into 19 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. On the most widely held item on that ballot — To provide nonbinding approval of executive compensation; — FOR was 98% of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: CULLEN/FROST BANKERS INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission (filing date not recorded for this item).

CULLEN/FROST BANKERS INC. proxy season coverage: 2023-2024 (this page) · 2024-2025 · 2025-2026.