---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-000295"
form_type: "8-K"
ticker: "PB"
cik: "0001068851"
company_name: "PROSPERITY BANCSHARES INC"
filed_at: "2024-01-02T23:59:59+00:00"
generated_at: "2026-06-07T05:03:23.691200+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Prosperity Bancshares amends CEO Zalman's employment agreement, boosts change-in-control payout

## Summary
- Removed age-67 term limit, allowing automatic extensions beyond age 67.
- Change-in-control payment increased to 3x base salary ($1,071,436.80/yr) plus 3x average annual bonus; restricted stock vests on change-in-control.
- Conflicts section revised to permit Zalman's personal investments in competing businesses if they do not interfere with duties.
- Agreement effective Dec. 29, 2023; amends 2009 agreement; Base Salary remains $1,071,436.80.

## SEC filing metadata
- accession: 0000950170-24-000295
- form_type: 8-K
- ticker: PB
- cik: 0001068851
- company_name: PROSPERITY BANCSHARES INC
- filed_at: 2024-01-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1068851/000095017024000295/0000950170-24-000295-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1068851/000095017024000295/pb-20231229.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-000295
- JSON: https://secwatch.observer/filing/0000950170-24-000295.json
- Plain text: https://secwatch.observer/filing/0000950170-24-000295.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.