Prosperity Bancshares (PB) director Ned Holmes sells 1,100 shares, keeps large stake
Rhea-AI Filing Summary
Prosperity Bancshares Inc. director Ned S. Holmes sold a total of 1,100 shares of Common Stock in open-market transactions. The sales on March 11, 2026 included 500 directly held shares at a weighted-average price of $66.0024, 500 shares held through a profit sharing plan at $65.9725, and 100 shares held as trustee of a trust for his adult daughter at $65.9622. Footnotes state the reported prices are weighted averages, with actual trade prices ranging from about $65.65 to $66.65. Following these transactions, Holmes directly holds 80,415 shares and continues to hold additional indirect positions, including 97,693 shares in a profit sharing plan and 41,500 shares as trustee of his daughter’s trust, plus other trust and family holdings.
Positive
- None.
Negative
- None.
Insights
Ned Holmes executed modest open‑market sales while retaining substantial Prosperity Bancshares exposure.
Ned S. Holmes, a director of Prosperity Bancshares Inc., reported open‑market sales totaling 1,100 Common Stock shares on March 11, 2026. The trades used code S, indicating routine market sales rather than option exercises or grants.
The filing shows 500 directly held shares sold at a weighted‑average price of $66.0024, 500 profit‑sharing plan shares at $65.9725, and 100 trust shares for his adult daughter at $65.9622. Footnotes note actual trades occurred in ranges between roughly $65.65 and $66.65.
After these transactions, Holmes still directly owns 80,415 shares and holds sizeable indirect stakes, including 97,693 shares via a profit sharing plan and 41,500 shares as trustee of his daughter’s trust, plus other family and trust holdings. In this context, the 1,100‑share net sale appears relatively small and looks like routine portfolio activity.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 500 | $66.0024 | $33K |
| Sale | Common Stock | 500 | $65.9725 | $33K |
| Sale | Common Stock | 100 | $65.9622 | $7K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The price reported in Column 4 of is a weighted average price. The shares were sold in multiple transactions at prices ranging from $65.74 to $66.65 inclusive. The reporting person undertakes to provide Prosperity Bancshares, any security holder of Prosperity Bancshares or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1), (2) and (3) to this Form 4. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $65.65 to $66.65 inclusive. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $65.66 to $66.51 inclusive.