---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-115083"
form_type: "8-K"
ticker: "PB"
cik: "0001068851"
company_name: "PROSPERITY BANCSHARES INC"
filed_at: "2024-10-16T23:59:59+00:00"
generated_at: "2026-05-30T13:34:27.314665+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Prosperity Bancshares enters amended employment agreement with CEO David Zalman

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-115083
- form_type: 8-K
- ticker: PB
- cik: 0001068851
- company_name: PROSPERITY BANCSHARES INC
- filed_at: 2024-10-16T23:59:59+00:00
- event_type: leadership
- 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/1068851/000095017024115083/0000950170-24-115083-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1068851/000095017024115083/pb-20241015.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-115083
- JSON: https://secwatch.observer/filing/0000950170-24-115083.json
- Plain text: https://secwatch.observer/filing/0000950170-24-115083.txt

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