Prosperity Bancshares (PB) Form 4: Director Disposes 1,100 Shares
Rhea-AI Filing Summary
Ned S. Holmes, a director of Prosperity Bancshares, reported sales of common stock on 10/01/2025. The Form 4 shows three non-derivative dispositions: 500 shares sold at a weighted average price of $66.645, 500 shares sold at a weighted average price of $66.6236, and 100 shares sold at a weighted average price of $66.5917. Post-transaction holdings are reported across direct and indirect accounts, including 91,915 shares directly and several indirect holdings: 109,193 shares in a profit-sharing plan, 43,800 as trustee for an SSH trust, 2,000 by spouse, 8,820 as trustee of a grandchildren's trust, 3,720 by a trust, and 70,070 by a limited partnership. The form was signed on behalf of the reporting person by an attorney-in-fact on 10/02/2025.
Positive
- Timely and detailed disclosure of insider sales including weighted-average prices and explanatory footnotes
- Clear distinction between direct and multiple indirect ownership vehicles, improving transparency
- Signed by attorney-in-fact, indicating formal execution of the filing
Negative
- Insider sold 1,100 shares on 10/01/2025, which reduces the reporting person’s direct holdings
- Footnotes indicate multiple execution prices but the exact number of shares at each price is not listed in the form (available upon request)
Insights
TL;DR Insider sold 1,100 shares in multiple transactions at ~ $66.59–$66.78; significant indirect holdings remain.
The reported transactions are non-derivative sales totaling 1,100 shares on 10/01/2025 at weighted average prices disclosed per line. The filing lists a mix of direct and multiple indirect ownership vehicles, indicating the reporting person retains substantial combined ownership across accounts. This is a routine Section 16 disclosure of insider sales; no derivative activity or additional compensatory awards are reported. The weighted-average prices reflect multiple executions within the footnoted ranges; the filer offers to provide per-trade breakdowns on request.
TL;DR Director compliance appears complete; sales were executed and disclosed via attorney-in-fact.
The Form 4 is properly executed by an attorney-in-fact and reports specific dispositions with explanatory footnotes about weighted-average pricing and price ranges. The report distinguishes direct versus indirect holdings and identifies the reporting person as a director. There are no amendments or derivative transactions noted. From a governance and compliance standpoint, the filing provides the required transparency on insider activity.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 500 | $66.645 | $33K |
| Sale | Common Stock | 500 | $66.6236 | $33K |
| Sale | Common Stock | 100 | $66.5917 | $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 $66.42 to $66.78 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 $66.34 to $66.76 inclusive. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $66.235 to $66.78 inclusive.
