Prosperity Bank Board Member's Stock Sale Signals Possible Portfolio Rebalancing
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Insider Trading Alert: Ned S. Holmes, Director of Prosperity Bancshares (NYSE: PB), executed multiple sales transactions on June 18, 2025:
- Sold 500 shares at average price of $67.7083 from direct holdings
- Sold 500 shares at $67.7071 from profit sharing plan
- Sold 100 shares at weighted average prices between $66.84-$67.7673 from adult daughter's trust
Post-transaction holdings include 99,415 shares held directly and significant indirect holdings through various entities: 116,693 shares in profit sharing plan, 45,300 in daughter's trust, 70,070 in limited partnership, and additional shares through spouse, grandchildren's trust, and other trusts. Total transaction value approximately $74,500. All sales were executed pursuant to Rule 10b5-1 trading plan, indicating pre-planned nature of transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,100 shares ($74,480)
Net Sell
8 txns
Insider
HOLMES NED S
Role
Director
Sold
1,100 shs ($74K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 500 | $67.7083 | $34K |
| Sale | Common Stock | 500 | $67.7071 | $34K |
| Sale | Common Stock | 5 | $66.84 | $334.20 |
| Sale | Common Stock | 95 | $67.7673 | $6K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 99,415 shares (Direct);
Common Stock — 116,693 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 $67.05 to $67.97 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 $67.05 to $67.97 inclusive. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $67.56 to $67.955 inclusive.
FAQ
Was PB Director Holmes' stock sale made under a 10b5-1 trading plan?
No, the Form 4 filing does not indicate that the transactions were made pursuant to a Rule 10b5-1 trading plan, as the corresponding checkbox on the form was not marked.