Prosperity Bancshares Director Sells $69K Worth of Stock in Strategic Move
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Rhea-AI Filing Summary
Ned S. Holmes, Director of Prosperity Bancshares (NYSE: PB), executed multiple sales transactions on June 25, 2025:
- Sold 500 shares at average price of $69.0927 from direct holdings, retaining 98,915 shares
- Disposed of 500 shares at $69.0886 from profit sharing plan, maintaining 116,193 shares
- Sold 100 shares at $69.0821 from daughter's trust, keeping 45,200 shares
Post-transactions, Holmes maintains substantial indirect ownership through various vehicles including:
- 2,000 shares through spouse
- 8,820 shares as trustee of grandchildren's trust
- 3,720 shares in trust
- 70,070 shares via limited partnership
Total transaction value approximately $75,900. Sales executed within narrow price range of $68.75-$69.385, suggesting coordinated liquidation strategy.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 500 | $69.0927 | $35K |
| Sale | Common Stock | 500 | $69.0886 | $35K |
| Sale | Common Stock | 100 | $69.0821 | $7K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (3)
- F1. The price reported in Column 4 of is a weighted average price. The shares were sold in multiple transactions at prices ranging from $68.85 to $69.35 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.
- F2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $68.85 to $69.385 inclusive.
- F3. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $68.75 to $69.35 inclusive.
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