[SCHEDULE 13G/A] Prosperity Bancshares Inc SEC Filing
Rhea-AI Filing Summary
What happened: Victory Capital Management filed an amended Schedule 13G reporting ownership of 2,772,858 shares of Prosperity Bancshares common stock, equal to 2.91% of the class. The filer reports sole voting power over 2,725,773 shares and sole dispositive power over 2,772,858 shares.
Why it matters: The filing explicitly states these shares are held in the ordinary course of business and are not held to change or influence control of the company. For investors, this documents a disclosed institutional stake below the 5% threshold and indicates the holder is not signaling a control effort.
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Insights
TL;DR: Victory Capital holds a disclosed 2.91% stake in Prosperity Bancshares, reporting sole voting and dispositive power for most shares.
As an institutional investor, Victory Capital reports 2,772,858 shares owned with sole voting power over 2,725,773 shares. The filing is an amended Schedule 13G and includes a certification that the position is held in the ordinary course and not to influence control. Impact on valuation or operations is limited given the sub-5% stake and the stated lack of intent to change control.
TL;DR: This is a transparency filing showing a passive institutional stake, not a governance challenge.
The report classifies the reporting person as an investment adviser and documents ownership and voting/dispositive powers precisely. The certification that the stake is not held to influence control is material to governance assessment: it reduces the likelihood of immediate activism or control contests. From a governance perspective, this disclosure increases transparency but does not indicate a change in board composition or control dynamics.