Ned S. Holmes sells 1,100 Prosperity Bancshares (PB) shares around $70
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Prosperity Bancshares director Ned S. Holmes reported open-market sales of 1,100 shares of Common Stock on May 6, 2026. The sales were executed at weighted average prices around $70 per share, with detailed price ranges noted in the footnotes.
The transactions included 500 shares sold indirectly through a profit sharing plan at $70.25 per share, 100 shares sold as trustee of a trust for an adult daughter at $70.1825 per share, and 500 shares sold from a direct holding at $70.2098 per share. Following these sales, Holmes reports 93,693 shares held by a profit sharing plan, 40,700 shares as trustee for an adult daughter, and 78,115 shares held directly, along with additional indirect holdings through a limited partnership, a trust, grandchildren's trusts, and a spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 1,100 shares ($77,248)
Net Sell
7 txns
Insider
HOLMES NED S
Role
null
Sold
1,100 shs ($77K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 500 | $70.2098 | $35K |
| Sale | Common Stock | 500 | $70.25 | $35K |
| Sale | Common Stock | 100 | $70.1825 | $7K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 78,115 shares (Direct, null);
Common Stock — 93,693 shares (Indirect, By profit sharing plan)
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 $69.80 to $70.605 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 $69.80 to $70.695 inclusive. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $69.70 to $70.665 inclusive.
Key Figures
Shares sold total: 1,100 shares
Sale price (trust for adult daughter): $70.1825 per share
Sale price (profit sharing plan): $70.25 per share
+4 more
7 metrics
Shares sold total
1,100 shares
Common Stock open-market sales on May 6, 2026
Sale price (trust for adult daughter)
$70.1825 per share
100 shares sold indirectly as trustee
Sale price (profit sharing plan)
$70.25 per share
500 shares sold indirectly by profit sharing plan
Sale price (direct holding)
$70.2098 per share
500 shares sold from direct account
Direct shares after transaction
78,115 shares
Common Stock held directly following sales
Profit sharing plan shares after transaction
93,693 shares
Common Stock held indirectly by profit sharing plan
Adult daughter trust shares after transaction
40,700 shares
Common Stock held as trustee for adult daughter
Key Terms
open-market sale, weighted average price, indirect ownership, profit sharing plan, +1 more
5 terms
open-market sale financial
"transaction_action: "open-market sale" for several Common Stock transactions"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
indirect ownership financial
"ownership_type: "indirect" with nature_of_ownership such as "By limited partnership""
profit sharing plan financial
"nature_of_ownership: "By profit sharing plan" for one transaction"
trustee financial
"nature_of_ownership: "As trustee of SSH trust for adult daughter""
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
FAQ
What insider transaction did PB director Ned S. Holmes report?
Ned S. Holmes reported selling 1,100 shares of Prosperity Bancshares Common Stock in open-market transactions on May 6, 2026. These sales occurred across direct and indirect accounts at weighted average prices near $70 per share.