Prosperity Bancshares signs employment agreement with President and COO Kevin Hanigan
On April 15, 2025, Prosperity Bancshares entered into a three-year employment and change in control agreement with Kevin J. Hanigan, its President and Chief Operating Officer. The agreement sets a base salary of $1,092,865 and provides severance terms, including enhanced payments if he is terminated within a window around a change in control.
Key points
- Agreement dated April 15, 2025; initial three-year term with automatic one-year renewals unless either party gives 60 days' notice
- Annual base salary of $1,092,865, subject to increase but not decrease; bonuses at the Company's sole discretion
- Change in control severance: three times base salary plus three times average annual bonus for the prior two years, if terminated without Cause or for Good Reason from six months before to twelve months after a change in control
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:17 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 16, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.