Prosperity Bancshares (PB) director-linked entities sell 1,100 common shares
Rhea-AI Filing Summary
Prosperity Bancshares director Ned S. Holmes reported indirect and direct sales of 1,100 shares of Common Stock. The transactions on 2026-06-24 were open‑market sales by entities associated with him, including a trust for his adult daughter, a profit sharing plan, and his direct holdings.
One sale of 100 shares held as trustee for an adult daughter’s trust was executed at a weighted average price of $72.7400 per share, leaving 40,000 shares in that trust. A profit sharing plan sold 500 shares at a weighted average price of $72.7205 per share, with 90,193 shares remaining. Holmes also sold 500 shares from his direct holdings at a weighted average price of $72.7258 per share, retaining 74,615 shares directly.
Positive
- None.
Negative
- None.
Insights
Director-linked entities sold 1,100 Prosperity Bancshares shares while retaining large positions.
The filing shows Ned S. Holmes, a director of Prosperity Bancshares, overseeing open‑market sales totaling 1,100 common shares on 2026-06-24. These occurred through a trust for an adult daughter, a profit sharing plan, and his own direct account at weighted average prices around $72.7 per share.
After the sales, the entities still hold sizable stakes, including 40,000 shares in the adult daughter’s trust, 90,193 shares in the profit sharing plan, and 74,615 shares directly. With no derivative exercises or gifts and a modest net‑sell volume, this looks like routine portfolio activity rather than a transformational change in insider ownership.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 500 | $72.7258 | $36K |
| Sale | Common Stock | 500 | $72.7205 | $36K |
| Sale | Common Stock | 100 | $72.74 | $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 $72.53 to $72.995 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 $72.53 to $72.97 inclusive. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $72.475 to $73.11 inclusive.