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Cullen/Frost Bankers, Inc. 2025-2026 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.

  • 17Reported items
  • 533Asset managers
  • 7,394Fund votes
  • 2026-04-29Meeting date

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

Explore Cullen/Frost Bankers, Inc. in the interactive database Compare manager voting policies

Official 2025-2026 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 2026-04-29
Ballot itemForAgainst AbstainWithheldBroker non-votesOutcome
Elect Director: Hope Andrade 51,978,882523,317111,181 --6,451,057 Majority: yes
Elect Director: Anthony R. Chase 51,435,1501,043,371134,859 --6,451,057 Majority: yes
Elect Director: Cynthia J. Comparin 51,708,705792,323112,352 --6,451,057 Majority: yes
Elect Director: Samuel G. Dawson 51,957,106538,830117,444 --6,451,057 Majority: yes
Elect Director: Crawford H. Edwards 52,221,785274,860116,735 --6,451,057 Majority: yes
Elect Director: John T. Engates 52,167,597316,657129,126 --6,451,057 Majority: yes
Elect Director: Phillip D. Green 51,742,031784,64886,701 --6,451,057 Majority: yes
Elect Director: David J. Haemisegger 51,585,394900,229127,757 --6,451,057 Majority: yes
Elect Director: Charles W. Matthews 50,362,4681,872,037378,875 --6,451,057 Majority: yes
Elect Director: Joseph A. Pierce 51,763,247720,473129,660 --6,451,057 Majority: yes
Elect Director: Jeffrey M. Rummel 52,267,841207,457138,082 --6,451,057 Majority: yes
Elect Director: Linda B. Rutherford 51,765,683724,340123,357 --6,451,057 Majority: yes
Elect Director: Marsha M. Shields 52,224,659273,628115,093 --6,451,057 Majority: yes
Elect Director: Jack Willome 51,932,140531,430149,810 --6,451,057 Majority: yes
(2) To provide nonbinding approval of executive compensation. 50,928,8981,530,796153,686 --6,451,057 Majority: yes
(3) To ratify the selection of Ernst & Young LLP to act as independent auditors of the Company for the fiscal year that began January 1, 2026. 57,710,5361,237,323116,578 ---- Majority: yes

Source: Cullen/Frost Bankers, Inc., Form 8-K — read the filing on EDGAR.

How asset managers voted at the Cullen/Frost Bankers, Inc. 2025-2026 meeting

Each item below shows how the 533 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;

COMPENSATIONMajority of the votes cast: yes

Combines 9 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 50,928,898AGAINST: 1,530,796

Cullen/Frost Bankers, Inc.’s own tally for this item (“(2) To provide nonbinding approval of executive compensation.”): 50,928,898 for, 1,530,796 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 62,797,048 outstanding shares: 81% for, 2% against (84% of the company cast a for/against vote).

The 520 asset managers below cast 97% of the shares they voted on this item FOR (48,908,655 for, 1,380,586 against).

FOR 97%
FOR: 48,908,655 (97.1%)AGAINST: 1,380,586 (2.7%)ABSTAIN: 61,280 (0.1%)NOT VOTED: 1,110 (0.0%)SPLIT: 52 (0.0%)
Largest asset managers voting on “To provide nonbinding approval of executive compensation;” at Cullen/Frost Bankers, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard7,982,3906 00For
BlackRock6,353,200460 00For
Aristotle Capital Management, LLC4,587,3820 00For
GEODE CAPITAL MANAGEMENT, LLC1,297,7810 00For
First Eagle Investment Management, LLC1,282,7990 00For
Janus Henderson1,240,2960 00For
Neuberger Berman1,219,7200 00For
Fidelity1,197,1200 00For
KING LUTHER CAPITAL MANAGEMENT CORP1,157,8220 00For
FIRST EAGLE FUNDS1,065,3280 00For
Charles Schwab1,054,9860 00For
John Hancock1,029,0620 00For
First Trust837,5160 00For
Dimensional777,7830 00For
Northern Trust720,8070 00For
PRINCIPAL GLOBAL INVESTORS670,0680 00For
JANUS INVESTMENT FUND619,8390 00For
WESTWOOD HOLDINGS GROUP INC606,5330 00For
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC548,6500 00For
Goldman Sachs502,6110 00For
BOSTON TRUST WALDEN NATIONAL ASSOCIATION491,9440 00For
Natixis442,6920 00For
TCTC Holdings, LLC434,1960 00For
Alberta Investment Management Corp400,0000 00For
BOSTON TRUST WALDEN FUNDS369,9350 00For

Showing the 25 largest of 520 asset managers. See all 520 in the interactive database.

2. To ratify the selection of Ernst & Young LLP to act as independent auditors of Culler/Frost Bankers, Inc. for the fiscal year that began January 1, 2026;

AUDIT-RELATEDMajority of the votes cast: yes

Combines 7 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 57,710,536AGAINST: 1,237,323

Cullen/Frost Bankers, Inc.’s own tally for this item (“(3) To ratify the selection of Ernst & Young LLP to act as independent auditors of the Company for the fiscal year that began January 1, 2026.”): 57,710,536 for, 1,237,323 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 62,797,048 outstanding shares: 92% for, 2% against (94% of the company cast a for/against vote).

The 115 asset managers below cast 99.8% of the shares they voted on this item FOR (22,425,636 for, 30,624 against).

FOR 99.7%
FOR: 22,425,636 (99.8%)AGAINST: 30,624 (0.1%)ABSTAIN: 15,100 (0.1%)NOT VOTED: 49 (0.0%)
Largest asset managers voting on “To ratify the selection of Ernst & Young LLP to act as independent auditors of Culler/Frost Bankers, Inc. for ” at Cullen/Frost Bankers, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard7,487,1495,022 00For
BlackRock3,799,4850 00For
Fidelity1,192,1570 00For
FIRST EAGLE FUNDS1,065,3280 00For
First Trust814,7710 00For
JANUS INVESTMENT FUND619,8390 00For
John Hancock522,0590 00For
Charles Schwab521,9170 00For
Dimensional512,5200 00For
Neuberger Berman455,4200 00For
BOSTON TRUST WALDEN FUNDS369,9350 00For
Advisors' Inner Circle Fund II369,0000 00For
JPMorgan341,97524,400 00For
Principal363,2180 00For
Equitable300,3610 00For
Bridge Builder Trust223,3260 00For
ProShares183,9580 00For
MADISON FUNDS173,8460 00For
Calvert172,1870 00For
WisdomTree154,1280 00For
HARBOR FUNDS124,2000 00For
Jackson National123,7980 00For
Natixis120,3820 00For
OLD WESTBURY FUNDS INC120,0300 00For
Advisers Investment Trust118,6000 00For

Showing the 25 largest of 115 asset managers. See all 115 in the interactive database.

3. To elect 14 director nominees to serve on the Board of Directors of Cullen/Frost Bankers, Inc. for a one-year term that will expire at the 2027 Annual Meeting of Shareholders: Anthony R. Chase

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: 51,435,150AGAINST: 1,043,371

Cullen/Frost Bankers, Inc.’s own tally for this item (“Elect Director: Anthony R. Chase”): 51,435,150 for, 1,043,371 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 62,797,048 outstanding shares: 82% for, 2% against (84% of the company cast a for/against vote).

The 113 asset managers below cast 99.8% of the shares they voted on this item FOR (22,416,434 for, 39,412 against).

FOR 99.7%
FOR: 22,416,434 (99.8%)AGAINST: 39,412 (0.2%)ABSTAIN: 15,100 (0.1%)NOT VOTED: 49 (0.0%)
Largest asset managers voting on “To elect 14 director nominees to serve on the Board of Directors of Cullen/Frost Bankers, Inc. for a one-year ” at Cullen/Frost Bankers, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard7,492,1684 00For
BlackRock3,799,4850 00For
Fidelity1,192,1570 00For
FIRST EAGLE FUNDS1,065,3280 00For
First Trust814,7710 00For
JANUS INVESTMENT FUND619,8390 00For
John Hancock522,0590 00For
Charles Schwab521,9170 00For
Dimensional512,5200 00For
Neuberger Berman455,4200 00For
BOSTON TRUST WALDEN FUNDS369,9350 00For
Advisors' Inner Circle Fund II369,0000 00For
JPMorgan366,3750 00For
Principal363,2180 00For
Equitable300,3610 00For
Bridge Builder Trust223,3260 00For
ProShares183,9580 00For
MADISON FUNDS173,8460 00For
Calvert172,1870 00For
WisdomTree154,1280 00For
HARBOR FUNDS124,2000 00For
Jackson National123,7980 00For
Natixis120,3820 00For
OLD WESTBURY FUNDS INC120,0300 00For
Advisers Investment Trust118,6000 00For

Showing the 25 largest of 113 asset managers. See all 113 in the interactive database.

4. To elect 14 director nominees to serve on the Board of Directors of Cullen/Frost Bankers, Inc. for a one-year term that will expire at the 2027 Annual Meeting of Shareholders: Charles W. Matthews

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 6 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 50,362,468AGAINST: 1,872,037

Cullen/Frost Bankers, Inc.’s own tally for this item (“Elect Director: Charles W. Matthews”): 50,362,468 for, 1,872,037 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 62,797,048 outstanding shares: 80% for, 3% against (83% of the company cast a for/against vote).

The 113 asset managers below cast 99.0% of the shares they voted on this item FOR (22,233,636 for, 222,207 against).

FOR 99%
FOR: 22,233,636 (98.9%)AGAINST: 222,207 (1.0%)ABSTAIN: 15,100 (0.1%)NOT VOTED: 49 (0.0%)
Largest asset managers voting on “To elect 14 director nominees to serve on the Board of Directors of Cullen/Frost Bankers, Inc. for a one-year ” at Cullen/Frost Bankers, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard7,487,1465,023 00For
BlackRock3,799,4850 00For
Fidelity1,192,1570 00For
FIRST EAGLE FUNDS1,065,3280 00For
First Trust814,7710 00For
JANUS INVESTMENT FUND619,8390 00For
John Hancock522,0590 00For
Charles Schwab521,9170 00For
Dimensional512,5200 00For
Neuberger Berman455,4200 00For
BOSTON TRUST WALDEN FUNDS369,9350 00For
Advisors' Inner Circle Fund II369,0000 00For
JPMorgan341,97524,400 00For
Principal363,2180 00For
Equitable300,3610 00For
Bridge Builder Trust223,3260 00For
ProShares183,9580 00For
MADISON FUNDS173,8460 00For
Calvert0172,187 00Against
WisdomTree154,1280 00For
HARBOR FUNDS124,2000 00For
Jackson National123,7980 00For
Natixis120,3820 00For
OLD WESTBURY FUNDS INC120,0300 00For
Advisers Investment Trust118,6000 00For

Showing the 25 largest of 113 asset managers. See all 113 in the interactive database.

5. To elect 14 director nominees to serve on the Board of Directors of Cullen/Frost Bankers, Inc. for a one-year term that will expire at the 2027 Annual Meeting of Shareholders: Crawford H. Edwards

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 6 wordings of this item as funds reported it.

99.4% Majority: yes · of votes cast

FOR 99.4%
FOR: 52,221,785AGAINST: 274,860

Cullen/Frost Bankers, Inc.’s own tally for this item (“Elect Director: Crawford H. Edwards”): 52,221,785 for, 274,860 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 62,797,048 outstanding shares: 83% for, 0.5% against (84% of the company cast a for/against vote).

The 113 asset managers below cast 100% of the shares they voted on this item FOR (22,455,846 for, 0 against).

FOR 99.9%
FOR: 22,455,846 (99.9%)ABSTAIN: 15,100 (0.1%)NOT VOTED: 49 (0.0%)
Largest asset managers voting on “To elect 14 director nominees to serve on the Board of Directors of Cullen/Frost Bankers, Inc. for a one-year ” at Cullen/Frost Bankers, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard7,492,1720 00For
BlackRock3,799,4850 00For
Fidelity1,192,1570 00For
FIRST EAGLE FUNDS1,065,3280 00For
First Trust814,7710 00For
JANUS INVESTMENT FUND619,8390 00For
John Hancock522,0590 00For
Charles Schwab521,9170 00For
Dimensional512,5200 00For
Neuberger Berman455,4200 00For
BOSTON TRUST WALDEN FUNDS369,9350 00For
Advisors' Inner Circle Fund II369,0000 00For
JPMorgan366,3750 00For
Principal363,2180 00For
Equitable300,3610 00For
Bridge Builder Trust223,3260 00For
ProShares183,9580 00For
MADISON FUNDS173,8460 00For
Calvert172,1870 00For
WisdomTree154,1280 00For
HARBOR FUNDS124,2000 00For
Jackson National123,7980 00For
Natixis120,3820 00For
OLD WESTBURY FUNDS INC120,0300 00For
Advisers Investment Trust118,6000 00For

Showing the 25 largest of 113 asset managers. See all 113 in the interactive database.

6. To elect 14 director nominees to serve on the Board of Directors of Cullen/Frost Bankers, Inc. for a one-year term that will expire at the 2027 Annual Meeting of Shareholders: Cynthia J. Comparin

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: 51,708,705AGAINST: 792,323

Cullen/Frost Bankers, Inc.’s own tally for this item (“Elect Director: Cynthia J. Comparin”): 51,708,705 for, 792,323 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 62,797,048 outstanding shares: 82% for, 1% against (84% of the company cast a for/against vote).

The 113 asset managers below cast 99.9% of the shares they voted on this item FOR (22,450,825 for, 5,020 against).

FOR 99.9%
FOR: 22,450,825 (99.9%)AGAINST: 5,020 (0.0%)ABSTAIN: 15,100 (0.1%)NOT VOTED: 49 (0.0%)
Largest asset managers voting on “To elect 14 director nominees to serve on the Board of Directors of Cullen/Frost Bankers, Inc. for a one-year ” at Cullen/Frost Bankers, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard7,487,1515,020 00For
BlackRock3,799,4850 00For
Fidelity1,192,1570 00For
FIRST EAGLE FUNDS1,065,3280 00For
First Trust814,7710 00For
JANUS INVESTMENT FUND619,8390 00For
John Hancock522,0590 00For
Charles Schwab521,9170 00For
Dimensional512,5200 00For
Neuberger Berman455,4200 00For
BOSTON TRUST WALDEN FUNDS369,9350 00For
Advisors' Inner Circle Fund II369,0000 00For
JPMorgan366,3750 00For
Principal363,2180 00For
Equitable300,3610 00For
Bridge Builder Trust223,3260 00For
ProShares183,9580 00For
MADISON FUNDS173,8460 00For
Calvert172,1870 00For
WisdomTree154,1280 00For
HARBOR FUNDS124,2000 00For
Jackson National123,7980 00For
Natixis120,3820 00For
OLD WESTBURY FUNDS INC120,0300 00For
Advisers Investment Trust118,6000 00For

Showing the 25 largest of 113 asset managers. See all 113 in the interactive database.

7. To elect 14 director nominees to serve on the Board of Directors of Cullen/Frost Bankers, Inc. for a one-year term that will expire at the 2027 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: 51,585,394AGAINST: 900,229

Cullen/Frost Bankers, Inc.’s own tally for this item (“Elect Director: David J. Haemisegger”): 51,585,394 for, 900,229 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 62,797,048 outstanding shares: 82% for, 1% against (84% of the company cast a for/against vote).

The 113 asset managers below cast 99.8% of the shares they voted on this item FOR (22,430,240 for, 25,606 against).

FOR 99.8%
FOR: 22,430,240 (99.8%)AGAINST: 25,606 (0.1%)ABSTAIN: 15,100 (0.1%)NOT VOTED: 49 (0.0%)
Largest asset managers voting on “To elect 14 director nominees to serve on the Board of Directors of Cullen/Frost Bankers, Inc. for a one-year ” at Cullen/Frost Bankers, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard7,492,1684 00For
BlackRock3,799,4850 00For
Fidelity1,192,1570 00For
FIRST EAGLE FUNDS1,065,3280 00For
First Trust814,7710 00For
JANUS INVESTMENT FUND619,8390 00For
John Hancock522,0590 00For
Charles Schwab521,9170 00For
Dimensional512,5200 00For
Neuberger Berman455,4200 00For
BOSTON TRUST WALDEN FUNDS369,9350 00For
Advisors' Inner Circle Fund II369,0000 00For
JPMorgan341,97524,400 00For
Principal363,2180 00For
Equitable300,3610 00For
Bridge Builder Trust223,3260 00For
ProShares183,9580 00For
MADISON FUNDS173,8460 00For
Calvert172,1870 00For
WisdomTree154,1280 00For
HARBOR FUNDS124,2000 00For
Jackson National123,7980 00For
Natixis120,3820 00For
OLD WESTBURY FUNDS INC120,0300 00For
Advisers Investment Trust118,6000 00For

Showing the 25 largest of 113 asset managers. See all 113 in the interactive database.

8. To elect 14 director nominees to serve on the Board of Directors of Cullen/Frost Bankers, Inc. for a one-year term that will expire at the 2027 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: 51,978,882AGAINST: 523,317

Cullen/Frost Bankers, Inc.’s own tally for this item (“Elect Director: Hope Andrade”): 51,978,882 for, 523,317 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 62,797,048 outstanding shares: 83% for, 0.9% against (84% of the company cast a for/against vote).

The 113 asset managers below cast 99.4% of the shares they voted on this item FOR (22,335,814 for, 120,032 against).

FOR 99.3%
FOR: 22,335,814 (99.4%)AGAINST: 120,032 (0.5%)ABSTAIN: 15,100 (0.1%)NOT VOTED: 49 (0.0%)
Largest asset managers voting on “To elect 14 director nominees to serve on the Board of Directors of Cullen/Frost Bankers, Inc. for a one-year ” at Cullen/Frost Bankers, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard7,492,1702 00For
BlackRock3,799,4850 00For
Fidelity1,192,1570 00For
FIRST EAGLE FUNDS1,065,3280 00For
First Trust814,7710 00For
JANUS INVESTMENT FUND619,8390 00For
John Hancock522,0590 00For
Charles Schwab521,9170 00For
Dimensional512,5200 00For
Neuberger Berman455,4200 00For
BOSTON TRUST WALDEN FUNDS369,9350 00For
Advisors' Inner Circle Fund II369,0000 00For
JPMorgan366,3750 00For
Principal363,2180 00For
Equitable300,3610 00For
Bridge Builder Trust223,3260 00For
ProShares183,9580 00For
MADISON FUNDS173,8460 00For
Calvert172,1870 00For
WisdomTree154,1280 00For
HARBOR FUNDS124,2000 00For
Jackson National123,7980 00For
Natixis120,3820 00For
OLD WESTBURY FUNDS INC0120,030 00Against
Advisers Investment Trust118,6000 00For

Showing the 25 largest of 113 asset managers. See all 113 in the interactive database.

9. To elect 14 director nominees to serve on the Board of Directors of Cullen/Frost Bankers, Inc. for a one-year term that will expire at the 2027 Annual Meeting of Shareholders: Jack Willome

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 6 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 51,932,140AGAINST: 531,430

Cullen/Frost Bankers, Inc.’s own tally for this item (“Elect Director: Jack Willome”): 51,932,140 for, 531,430 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 62,797,048 outstanding shares: 83% for, 0.9% against (84% of the company cast a for/against vote).

The 113 asset managers below cast 99.9% of the shares they voted on this item FOR (22,455,843 for, 2 against).

FOR 99.9%
FOR: 22,455,843 (99.9%)AGAINST: 2 (0.0%)ABSTAIN: 15,100 (0.1%)NOT VOTED: 49 (0.0%)
Largest asset managers voting on “To elect 14 director nominees to serve on the Board of Directors of Cullen/Frost Bankers, Inc. for a one-year ” at Cullen/Frost Bankers, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard7,492,1692 00For
BlackRock3,799,4850 00For
Fidelity1,192,1570 00For
FIRST EAGLE FUNDS1,065,3280 00For
First Trust814,7710 00For
JANUS INVESTMENT FUND619,8390 00For
John Hancock522,0590 00For
Charles Schwab521,9170 00For
Dimensional512,5200 00For
Neuberger Berman455,4200 00For
BOSTON TRUST WALDEN FUNDS369,9350 00For
Advisors' Inner Circle Fund II369,0000 00For
JPMorgan366,3750 00For
Principal363,2180 00For
Equitable300,3610 00For
Bridge Builder Trust223,3260 00For
ProShares183,9580 00For
MADISON FUNDS173,8460 00For
Calvert172,1870 00For
WisdomTree154,1280 00For
HARBOR FUNDS124,2000 00For
Jackson National123,7980 00For
Natixis120,3820 00For
OLD WESTBURY FUNDS INC120,0300 00For
Advisers Investment Trust118,6000 00For

Showing the 25 largest of 113 asset managers. See all 113 in the interactive database.

10. To elect 14 director nominees to serve on the Board of Directors of Cullen/Frost Bankers, Inc. for a one-year term that will expire at the 2027 Annual Meeting of Shareholders: Jeffrey M. Rummel

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: 52,267,841AGAINST: 207,457

Cullen/Frost Bankers, Inc.’s own tally for this item (“Elect Director: Jeffrey M. Rummel”): 52,267,841 for, 207,457 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 62,797,048 outstanding shares: 83% for, 0.4% against (84% of the company cast a for/against vote).

The 113 asset managers below cast 100% of the shares they voted on this item FOR (22,455,846 for, 0 against).

FOR 99.9%
FOR: 22,455,846 (99.9%)ABSTAIN: 15,100 (0.1%)NOT VOTED: 49 (0.0%)
Largest asset managers voting on “To elect 14 director nominees to serve on the Board of Directors of Cullen/Frost Bankers, Inc. for a one-year ” at Cullen/Frost Bankers, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard7,492,1720 00For
BlackRock3,799,4850 00For
Fidelity1,192,1570 00For
FIRST EAGLE FUNDS1,065,3280 00For
First Trust814,7710 00For
JANUS INVESTMENT FUND619,8390 00For
John Hancock522,0590 00For
Charles Schwab521,9170 00For
Dimensional512,5200 00For
Neuberger Berman455,4200 00For
BOSTON TRUST WALDEN FUNDS369,9350 00For
Advisors' Inner Circle Fund II369,0000 00For
JPMorgan366,3750 00For
Principal363,2180 00For
Equitable300,3610 00For
Bridge Builder Trust223,3260 00For
ProShares183,9580 00For
MADISON FUNDS173,8460 00For
Calvert172,1870 00For
WisdomTree154,1280 00For
HARBOR FUNDS124,2000 00For
Jackson National123,7980 00For
Natixis120,3820 00For
OLD WESTBURY FUNDS INC120,0300 00For
Advisers Investment Trust118,6000 00For

Showing the 25 largest of 113 asset managers. See all 113 in the interactive database.

11. To elect 14 director nominees to serve on the Board of Directors of Cullen/Frost Bankers, Inc. for a one-year term that will expire at the 2027 Annual Meeting of Shareholders: John T. Engates

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 6 wordings of this item as funds reported it.

99.3% Majority: yes · of votes cast

FOR 99.3%
FOR: 52,167,597AGAINST: 316,657

Cullen/Frost Bankers, Inc.’s own tally for this item (“Elect Director: John T. Engates”): 52,167,597 for, 316,657 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 62,797,048 outstanding shares: 83% for, 0.6% against (84% of the company cast a for/against vote).

The 113 asset managers below cast 99.4% of the shares they voted on this item FOR (22,335,814 for, 120,030 against).

FOR 99.3%
FOR: 22,335,814 (99.4%)AGAINST: 120,030 (0.5%)ABSTAIN: 15,100 (0.1%)NOT VOTED: 49 (0.0%)
Largest asset managers voting on “To elect 14 director nominees to serve on the Board of Directors of Cullen/Frost Bankers, Inc. for a one-year ” at Cullen/Frost Bankers, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard7,492,1700 00For
BlackRock3,799,4850 00For
Fidelity1,192,1570 00For
FIRST EAGLE FUNDS1,065,3280 00For
First Trust814,7710 00For
JANUS INVESTMENT FUND619,8390 00For
John Hancock522,0590 00For
Charles Schwab521,9170 00For
Dimensional512,5200 00For
Neuberger Berman455,4200 00For
BOSTON TRUST WALDEN FUNDS369,9350 00For
Advisors' Inner Circle Fund II369,0000 00For
JPMorgan366,3750 00For
Principal363,2180 00For
Equitable300,3610 00For
Bridge Builder Trust223,3260 00For
ProShares183,9580 00For
MADISON FUNDS173,8460 00For
Calvert172,1870 00For
WisdomTree154,1280 00For
HARBOR FUNDS124,2000 00For
Jackson National123,7980 00For
Natixis120,3820 00For
OLD WESTBURY FUNDS INC0120,030 00Against
Advisers Investment Trust118,6000 00For

Showing the 25 largest of 113 asset managers. See all 113 in the interactive database.

12. To elect 14 director nominees to serve on the Board of Directors of Cullen/Frost Bankers, Inc. for a one-year term that will expire at the 2027 Annual Meeting of Shareholders: Joseph A. Pierce

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 6 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 51,763,247AGAINST: 720,473

Cullen/Frost Bankers, Inc.’s own tally for this item (“Elect Director: Joseph A. Pierce”): 51,763,247 for, 720,473 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 62,797,048 outstanding shares: 82% for, 1% against (84% of the company cast a for/against vote).

The 113 asset managers below cast 99.4% of the shares they voted on this item FOR (22,335,813 for, 120,033 against).

FOR 99.3%
FOR: 22,335,813 (99.4%)AGAINST: 120,033 (0.5%)ABSTAIN: 15,100 (0.1%)NOT VOTED: 49 (0.0%)
Largest asset managers voting on “To elect 14 director nominees to serve on the Board of Directors of Cullen/Frost Bankers, Inc. for a one-year ” at Cullen/Frost Bankers, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard7,492,1693 00For
BlackRock3,799,4850 00For
Fidelity1,192,1570 00For
FIRST EAGLE FUNDS1,065,3280 00For
First Trust814,7710 00For
JANUS INVESTMENT FUND619,8390 00For
John Hancock522,0590 00For
Charles Schwab521,9170 00For
Dimensional512,5200 00For
Neuberger Berman455,4200 00For
BOSTON TRUST WALDEN FUNDS369,9350 00For
Advisors' Inner Circle Fund II369,0000 00For
JPMorgan366,3750 00For
Principal363,2180 00For
Equitable300,3610 00For
Bridge Builder Trust223,3260 00For
ProShares183,9580 00For
MADISON FUNDS173,8460 00For
Calvert172,1870 00For
WisdomTree154,1280 00For
HARBOR FUNDS124,2000 00For
Jackson National123,7980 00For
Natixis120,3820 00For
OLD WESTBURY FUNDS INC0120,030 00Against
Advisers Investment Trust118,6000 00For

Showing the 25 largest of 113 asset managers. See all 113 in the interactive database.

13. To elect 14 director nominees to serve on the Board of Directors of Cullen/Frost Bankers, Inc. for a one-year term that will expire at the 2027 Annual Meeting of Shareholders: Linda B. Rutherford

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 6 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 51,765,683AGAINST: 724,340

Cullen/Frost Bankers, Inc.’s own tally for this item (“Elect Director: Linda B. Rutherford”): 51,765,683 for, 724,340 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 62,797,048 outstanding shares: 82% for, 1% against (84% of the company cast a for/against vote).

The 113 asset managers below cast 99.4% of the shares they voted on this item FOR (22,335,813 for, 120,033 against).

FOR 99.3%
FOR: 22,335,813 (99.4%)AGAINST: 120,033 (0.5%)ABSTAIN: 15,100 (0.1%)NOT VOTED: 49 (0.0%)
Largest asset managers voting on “To elect 14 director nominees to serve on the Board of Directors of Cullen/Frost Bankers, Inc. for a one-year ” at Cullen/Frost Bankers, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard7,492,1693 00For
BlackRock3,799,4850 00For
Fidelity1,192,1570 00For
FIRST EAGLE FUNDS1,065,3280 00For
First Trust814,7710 00For
JANUS INVESTMENT FUND619,8390 00For
John Hancock522,0590 00For
Charles Schwab521,9170 00For
Dimensional512,5200 00For
Neuberger Berman455,4200 00For
BOSTON TRUST WALDEN FUNDS369,9350 00For
Advisors' Inner Circle Fund II369,0000 00For
JPMorgan366,3750 00For
Principal363,2180 00For
Equitable300,3610 00For
Bridge Builder Trust223,3260 00For
ProShares183,9580 00For
MADISON FUNDS173,8460 00For
Calvert172,1870 00For
WisdomTree154,1280 00For
HARBOR FUNDS124,2000 00For
Jackson National123,7980 00For
Natixis120,3820 00For
OLD WESTBURY FUNDS INC0120,030 00Against
Advisers Investment Trust118,6000 00For

Showing the 25 largest of 113 asset managers. See all 113 in the interactive database.

14. To elect 14 director nominees to serve on the Board of Directors of Cullen/Frost Bankers, Inc. for a one-year term that will expire at the 2027 Annual Meeting of Shareholders: Marsha M. Shields

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: 52,224,659AGAINST: 273,628

Cullen/Frost Bankers, Inc.’s own tally for this item (“Elect Director: Marsha M. Shields”): 52,224,659 for, 273,628 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 62,797,048 outstanding shares: 83% for, 0.5% against (84% of the company cast a for/against vote).

The 113 asset managers below cast 99.9% of the shares they voted on this item FOR (22,440,578 for, 15,268 against).

FOR 99.8%
FOR: 22,440,578 (99.9%)AGAINST: 15,268 (0.1%)ABSTAIN: 15,100 (0.1%)NOT VOTED: 49 (0.0%)
Largest asset managers voting on “To elect 14 director nominees to serve on the Board of Directors of Cullen/Frost Bankers, Inc. for a one-year ” at Cullen/Frost Bankers, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard7,492,1720 00For
BlackRock3,799,4850 00For
Fidelity1,192,1570 00For
FIRST EAGLE FUNDS1,065,3280 00For
First Trust814,7710 00For
JANUS INVESTMENT FUND619,8390 00For
John Hancock522,0590 00For
Charles Schwab521,9170 00For
Dimensional512,5200 00For
Neuberger Berman455,4200 00For
BOSTON TRUST WALDEN FUNDS369,9350 00For
Advisors' Inner Circle Fund II369,0000 00For
JPMorgan366,3750 00For
Principal363,2180 00For
Equitable300,3610 00For
Bridge Builder Trust223,3260 00For
ProShares183,9580 00For
MADISON FUNDS173,8460 00For
Calvert172,1870 00For
WisdomTree154,1280 00For
HARBOR FUNDS124,2000 00For
Jackson National123,7980 00For
Natixis120,3820 00For
OLD WESTBURY FUNDS INC120,0300 00For
Advisers Investment Trust118,6000 00For

Showing the 25 largest of 113 asset managers. See all 113 in the interactive database.

15. To elect 14 director nominees to serve on the Board of Directors of Cullen/Frost Bankers, Inc. for a one-year term that will expire at the 2027 Annual Meeting of Shareholders: Phillip D. Green

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 6 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 51,742,031AGAINST: 784,648

Cullen/Frost Bankers, Inc.’s own tally for this item (“Elect Director: Phillip D. Green”): 51,742,031 for, 784,648 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 62,797,048 outstanding shares: 82% for, 1% against (84% of the company cast a for/against vote).

The 113 asset managers below cast 99.9% of the shares they voted on this item FOR (22,455,843 for, 3 against).

FOR 99.9%
FOR: 22,455,843 (99.9%)AGAINST: 3 (0.0%)ABSTAIN: 15,100 (0.1%)NOT VOTED: 49 (0.0%)
Largest asset managers voting on “To elect 14 director nominees to serve on the Board of Directors of Cullen/Frost Bankers, Inc. for a one-year ” at Cullen/Frost Bankers, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard7,492,1693 00For
BlackRock3,799,4850 00For
Fidelity1,192,1570 00For
FIRST EAGLE FUNDS1,065,3280 00For
First Trust814,7710 00For
JANUS INVESTMENT FUND619,8390 00For
John Hancock522,0590 00For
Charles Schwab521,9170 00For
Dimensional512,5200 00For
Neuberger Berman455,4200 00For
BOSTON TRUST WALDEN FUNDS369,9350 00For
Advisors' Inner Circle Fund II369,0000 00For
JPMorgan366,3750 00For
Principal363,2180 00For
Equitable300,3610 00For
Bridge Builder Trust223,3260 00For
ProShares183,9580 00For
MADISON FUNDS173,8460 00For
Calvert172,1870 00For
WisdomTree154,1280 00For
HARBOR FUNDS124,2000 00For
Jackson National123,7980 00For
Natixis120,3820 00For
OLD WESTBURY FUNDS INC120,0300 00For
Advisers Investment Trust118,6000 00For

Showing the 25 largest of 113 asset managers. See all 113 in the interactive database.

16. To elect 14 director nominees to serve on the Board of Directors of Cullen/Frost Bankers, Inc. for a one-year term that will expire at the 2027 Annual Meeting of Shareholders: Samuel G. Dawson

DIRECTOR ELECTIONSMajority of the votes cast: yes

Combines 6 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 51,957,106AGAINST: 538,830

Cullen/Frost Bankers, Inc.’s own tally for this item (“Elect Director: Samuel G. Dawson”): 51,957,106 for, 538,830 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 62,797,048 outstanding shares: 83% for, 0.9% against (84% of the company cast a for/against vote).

The 113 asset managers below cast 99.9% of the shares they voted on this item FOR (22,455,843 for, 2 against).

FOR 99.9%
FOR: 22,455,843 (99.9%)AGAINST: 2 (0.0%)ABSTAIN: 15,100 (0.1%)NOT VOTED: 49 (0.0%)
Largest asset managers voting on “To elect 14 director nominees to serve on the Board of Directors of Cullen/Frost Bankers, Inc. for a one-year ” at Cullen/Frost Bankers, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard7,492,1692 00For
BlackRock3,799,4850 00For
Fidelity1,192,1570 00For
FIRST EAGLE FUNDS1,065,3280 00For
First Trust814,7710 00For
JANUS INVESTMENT FUND619,8390 00For
John Hancock522,0590 00For
Charles Schwab521,9170 00For
Dimensional512,5200 00For
Neuberger Berman455,4200 00For
BOSTON TRUST WALDEN FUNDS369,9350 00For
Advisors' Inner Circle Fund II369,0000 00For
JPMorgan366,3750 00For
Principal363,2180 00For
Equitable300,3610 00For
Bridge Builder Trust223,3260 00For
ProShares183,9580 00For
MADISON FUNDS173,8460 00For
Calvert172,1870 00For
WisdomTree154,1280 00For
HARBOR FUNDS124,2000 00For
Jackson National123,7980 00For
Natixis120,3820 00For
OLD WESTBURY FUNDS INC120,0300 00For
Advisers Investment Trust118,6000 00For

Showing the 25 largest of 113 asset managers. See all 113 in the interactive database.

17. Advisory Vote to Ratify Named Executive Officers' Compensation

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

97% Majority: yes · of votes cast

FOR 97%
FOR: 50,928,898AGAINST: 1,530,796

Cullen/Frost Bankers, Inc.’s own tally for this item (“(2) To provide nonbinding approval of executive compensation.”): 50,928,898 for, 1,530,796 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 62,797,048 outstanding shares: 81% for, 2% against (84% of the company cast a for/against vote).

The 9 asset managers below cast 100% of the shares they voted on this item FOR (120,694 for, 0 against).

FOR 100%
FOR: 120,694 (100.0%)
Largest asset managers voting on “Advisory Vote to Ratify Named Executive Officers' Compensation” at Cullen/Frost Bankers, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Empower61,9950 00For
Formuepleje A/S54,3140 00For
Wilshire Advisors LLC2,4530 00For
TD Waterhouse Canada Inc.8660 00For
NORTHERN LIGHTS FUND TRUST II7000 00For
Coyle Financial Counsel LLC2670 00For
Empirical Financial Services, LLC d.b.a. Empirical Wealth Ma500 00For
Moment Partners, LLC410 00For
Convergence Investment Partners, LLC80 00For

Largest Cullen/Frost Bankers, Inc. shareholders voting in 2025-2026

Ranked by the number of Cullen/Frost Bankers, Inc. shares each manager voted on the most widely held ballot item of the 2025-2026 meeting, shown as a share of the 62,797,048 shares outstanding at the time of that meeting.

Top Cullen/Frost Bankers, Inc. shareholders by shares voted, 2025-2026
#Asset manager % of shares outstanding
1Vanguard 12.71%
2BlackRock 10.12%
3Aristotle Capital Management, LLC 7.31%
4GEODE CAPITAL MANAGEMENT, LLC 2.07%
5First Eagle Investment Management, LLC 2.04%
6Janus Henderson 1.98%
7Neuberger Berman 1.94%
8Fidelity 1.91%
9KING LUTHER CAPITAL MANAGEMENT CORP 1.84%
10FIRST EAGLE FUNDS 1.70%

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 2025-2026 proxy season
Holder % outstanding Disclosure
BlackRock 11.27% 13F
Vanguard Group 10.20% 13F
Aristotle Capital Management, LLC 7.59% 13G
Vanguard Portfolio Management 5.15% 13G
STATE STREET CORPORATION 5.13% 13G
Dimensional Fund Advisors 2.44% 13F
Northern Trust 1.51% 13F
Goldman Sachs 1.12% 13F
Two Sigma 1.05% 13F
Morgan Stanley 1.02% 13F

Percentages above are of 62,797,048 shares outstanding, as reported by Cullen/Frost Bankers, Inc. on its Form 10-Q dated 2026-04-27 (see the filing on EDGAR). This is the count contemporaneous with the 2025-2026 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 2026-04-27. 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 2026-04-29, in the 2025-2026 proxy season, 533 asset managers reported how they voted in their SEC Form N-PX filings, covering 7,394 separate fund positions. Their filings are grouped here into 17 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 97% 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 · 2024-2025 · 2025-2026 (this page).