Prosperity Bancshares enters amended employment agreement with CEO David Zalman

PROSPERITY BANCSHARES INC

Base salary of $1,092,865 per annum, effective October 15, 2024.
CIC severance now requires termination with Good Reason or without Cause within 6 months before to 18 months after CIC.
Severance includes 3x base salary plus 3x average annual bonus, plus accrued amounts.
Agreement automatically extends annually unless terminated.
Amends prior agreement from Dec 29, 2023; nonsubstantive wording changes included.

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