Prosperity Bancshares (PB) EVP granted 950 shares as Stellar merger consideration
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Prosperity Bancshares EVP and General Counsel Charlotte M. Rasche reported an acquisition of common stock mainly tied to Prosperity’s merger with Stellar Bancorp. She received 950 shares of Prosperity common stock at no cost as a grant or award in connection with the merger consideration structure.
After this award, Rasche directly holds 61,567 shares of Prosperity common stock and indirectly holds 8,686 shares through the Prosperity Bancshares 401(k) plan, which includes 88 shares acquired in the 401(k) since her prior filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Rasche Charlotte M
Role
EVP and General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 950 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 61,567 shares (Direct, null);
Common Stock — 8,686 shares (Indirect, Through 401(k) plan)
Footnotes (1)
- Acquired in connection with the consummation of the transactions contemplated by the Agreement and Plan of Merger, dated as of January 27, 2026, by and between Prosperity Bancshares, Inc., a Texas corporation ("Prosperity") and Stellar Bancorp, Inc., a Texas corporation ("Stellar"). On July 1, 2026 (the "Effective Time"), upon and subject to the terms and conditions set forth in the merger agreement, (i) each share of Stellar's common stock, par value $0.01 per share, outstanding immediately prior to the Effective Time was cancelled and converted into the right to receive (a) 0.3803 shares of common stock, par value $1.00 per share, of Prosperity and (b) an amount in cash equal to $11.36 ((a) and (b) together, the "Per Share Merger Consideration"), and (ii) each outstanding Stellar restricted stock award subject solely to service-based vesting, repurchase or other lapse restriction vested and was converted into the right to receive (without interest) the Per Share Merger Consideration. Includes 88 shares acquired through the Prosperity Bancshares, Inc. 401(k) plan since the last filing by the reporting person.
Key Figures
Awarded shares: 950 shares
Direct holdings after transaction: 61,567 shares
Indirect 401(k) holdings: 8,686 shares
+3 more
6 metrics
Awarded shares
950 shares
Grant/award acquisition of Prosperity common stock
Direct holdings after transaction
61,567 shares
Prosperity common stock held directly by Rasche
Indirect 401(k) holdings
8,686 shares
Prosperity common stock held through 401(k) plan
New 401(k) shares since last filing
88 shares
Additional shares acquired via 401(k) contributions
Share exchange ratio
0.3803 shares
Prosperity shares per Stellar share in merger
Cash component per Stellar share
$11.36
Cash portion of Per Share Merger Consideration
Key Terms
Agreement and Plan of Merger, Per Share Merger Consideration, restricted stock award, 401(k) plan
4 terms
Agreement and Plan of Merger regulatory
"in connection with the consummation of the transactions contemplated by the Agreement and Plan of Merger, dated as of January 27, 2026"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
restricted stock award financial
"each outstanding Stellar restricted stock award subject solely to service-based vesting, repurchase or other lapse restriction vested"
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
401(k) plan financial
"Includes 88 shares acquired through the Prosperity Bancshares, Inc. 401(k) plan since the last filing"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
