---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-054784"
form_type: "8-K"
ticker: "PB"
cik: "0001068851"
company_name: "PROSPERITY BANCSHARES INC"
filed_at: "2025-04-16T23:59:59+00:00"
generated_at: "2026-05-23T12:59:48.894029+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Prosperity Bancshares enters employment agreement with President/COO Hanigan; base salary $1.09M

## Summary
- Three-year term with automatic one-year renewals unless 60 days' notice given.
- Annual base salary of $1,092,865; eligible for bonus programs at Company discretion.
- On change in control termination: 3x base salary plus 3x average of prior two years' bonuses.
- Without cause/good reason termination: greater of remaining base salary or 1x base salary plus pro-rata bonus and accelerated restricted stock.
- Non-competition and non-solicitation covenants apply through Restricted Period (term plus one year).

## SEC filing metadata
- accession: 0000950170-25-054784
- form_type: 8-K
- ticker: PB
- cik: 0001068851
- company_name: PROSPERITY BANCSHARES INC
- filed_at: 2025-04-16T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1068851/000095017025054784/0000950170-25-054784-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1068851/000095017025054784/pb-20250415.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-054784
- JSON: https://secwatch.observer/filing/0000950170-25-054784.json
- Plain text: https://secwatch.observer/filing/0000950170-25-054784.txt

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