Prosperity Bancshares (PB) Director Ned S. Holmes Sells 1,100 Shares
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Prosperity Bancshares (PB) Director Ned S. Holmes Sells 1,100 Shares
What Happened
Ned S. Holmes, a director of Prosperity Bancshares, reported three open-market sales on Aug 12, 2026 totaling 1,100 shares for aggregate gross proceeds of about $81,551. The reported transactions were: 500 shares at a weighted-average price of $74.14 ($37,070), 500 shares at $74.13 ($37,065), and 100 shares at $74.16 ($7,416). These were sales (not purchases), which are often routine dispositions and do not by themselves indicate company outlook.
Key Details
- Transaction date: Aug 12, 2026; Form 4 filed Aug 13, 2026 (timely filing).
- Trades: 500 shares @ $74.14; 500 shares @ $74.13; 100 shares @ $74.16. Total proceeds ≈ $81,551.
- Footnotes: reported prices are weighted averages. The filing states the shares were sold in multiple executions at prices ranging roughly $73.58–$74.53 (individual footnote ranges: 73.59–74.50; 73.59–74.50; 73.58–74.53). The filer offers to provide a breakdown of the number of shares sold at each specific price upon request.
- Shares owned after the transactions: not specified in the information provided on this summary.
- Transaction code: S = Sale. No 10b5‑1 plan, gift, or tax‑withholding notation was stated in the provided details.
Context
Sales by directors can be for many personal reasons (diversification, liquidity, etc.). Because these were outright open-market sales and not purchases, they should be viewed as routine insider selling unless additional context (e.g., 10b5‑1 plan) is disclosed.