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Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table

Pay versus Performance

The following table provides information required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation S-K. For information regarding the way in which the Company aligns executive compensation with the Company’s performance, refer to “Compensation Discussion and Analysis” above.

The following table provides information showing the relationship during 2024, 2023, 2022, 2021 and 2020 between (1) executive compensation “actually paid” ​(as defined by SEC rule and further described below) to (a) each person serving as the Company’s principal executive officer (“PEO”), and (b) the Company’s non-PEO named executive officers (also referred to as the “other named executive officers”), on an average basis, and (2) the Company’s financial performance. The Company’s selected performance measure included in the chart below is nonperforming assets (NPAs) to average interest-earning assets. Information presented in this section will not be deemed to be incorporated by reference into any of the Company’s filings under the Securities Act or the Exchange Act, except as the Company may specifically do so by reference to this section.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Value of initial fixed $100 investment based on:

 

 

 

 

 

 

 

Year

 

Summary Compensation Table Total for PEO(1)

 

 

Compensation Actually Paid to PEO(2)

 

 

Average Summary Compensation Table Total for Non-PEO NEOs(3)

 

 

Average Compensation Actually Paid to Non-PEO NEOs(2)

 

 

Total Shareholder Return

 

 

Peer Group Total Shareholder Return (KBW Regional)(4)

 

 

Peer Group Total Shareholder Return (Nasdaq Bank)(4)

 

 

Net Income
(in thousands)(5)

 

 

NPAs to Average Interest-Earning Assets(6)

 

2024(7)

 

$

5,659,475

 

 

$

5,935,165

 

 

$

2,483,266

 

 

$

2,663,858

 

 

$

122.89

 

 

$

130.90

 

 

$

141.59

 

 

$

479,386

 

 

 

0.23

%

2023

 

 

3,229,008

 

 

 

3,052,914

 

 

 

1,593,619

 

 

 

1,496,454

 

 

 

106.79

 

 

 

115.63

 

 

 

114.99

 

 

 

419,316

 

 

 

0.21

%

2022(8)

 

 

3,035,574

 

 

 

3,064,051

 

 

 

2,088,997

 

 

 

2,080,990

 

 

 

110.55

 

 

 

116.10

 

 

 

107.54

 

 

 

524,516

 

 

 

0.08

%

2021(9)

 

 

5,534,173

 

 

 

5,627,711

 

 

 

2,151,891

 

 

 

2,227,148

 

 

 

106.69

 

 

 

124.74

 

 

 

128.28

 

 

 

519,297

 

 

 

0.09

%

2020

 

 

3,484,221

 

 

 

3,404,844

 

 

 

1,548,064

 

 

 

1,529,470

 

 

 

99.59

 

 

 

91.29

 

 

 

90.81

 

 

 

528,904

 

 

 

0.21

%

(1)
David Zalman, the Company’s Chief Executive Officer, was the PEO for each of the years presented.
(2)
The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized or received by the Company’s named executive officers. These amounts reflect the total compensation as reflected in the Summary Compensation Table with certain adjustments as described below.
(3)
The Company’s non-PEO named executive officers for 2024, 2023, 2021 and 2020 consisted of Asylbek Osmonov, H. E. Timanus, Jr., Edward Z. Safady and Kevin Hanigan. The non-PEO named executives officers for 2022 consisted of Asylbek Osmonov, H. E. Timanus, Jr., Edward Z. Safady, Kevin Hanigan and J. Mays Davenport.
(4)
The Peer Group total shareholder return (“TSR”) is the cumulative total shareholder return of each of the KBW NASDAQ Regional Banking Index and the NASDAQ Bank Index, both of which are reflected in the stock performance graph included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024. During 2024, the Company reviewed the various market and bank indices and concluded that the KBW Nasdaq Regional Banking Index was more representative of companies like the Company and expects to use that index going forward. The Company TSR and each Peer Group TSR assume $100 was invested for the period starting December 31, 2019 through the end of the listed fiscal year. Dividend reinvestment has been assumed. Historical stock performance is not necessarily indicative of future stock performance.
(5)
As reported in the Company’s consolidated financial statements included in its Annual Report on Form 10-K for the year ended December 31, 2024.
(6)
Represents the Company’s nonperforming assets to average interest-earning assets for each fiscal year.
(7)
PEO compensation for 2024 includes the grant date fair value of a three-year cliff vested restricted stock award of $2,229,500. Mr. Zalman did not receive such an award for 2023, 2022 or 2020. Non-PEO compensation for 2024 includes the grant date fair value of a three-year cliff vested restricted stock award of $1,592,500 for each Mr. Timanus and Mr. Safady. Messrs. Timanus and Safady did not receive such an award in 2023, 2022 or 2020.
(8)
Non-PEO compensation for 2022 includes the grant date fair value of a three-year cliff vested restricted stock award of $2,227,200 for Mr. Hanigan, $742,000 for Mr. Davenport and $522,900 for Mr. Osmonov. Messrs. Hanigan, Davenport and Osmonov did not receive such an award in 2024, 2023, 2021 or 2020.
(9)
PEO compensation for 2021 includes the grant date fair value of a three-year cliff vested restricted stock award of $2,462,250. Mr. Zalman did not receive such an award for 2023, 2022 or 2020. Non-PEO
compensation for 2021 includes the grant date fair value of a three-year cliff vested restricted stock award of $1,407,000 for each Mr. Timanus and Mr. Safady. Messrs. Timanus and Safady did not receive such an award in 2023, 2022 or 2020.
        
Company Selected Measure Name NPAs to Average Interest-Earning Assets(6        
Named Executive Officers, Footnote
(1)
David Zalman, the Company’s Chief Executive Officer, was the PEO for each of the years presented.
        
Peer Group Issuers, Footnote
(4)
The Peer Group total shareholder return (“TSR”) is the cumulative total shareholder return of each of the KBW NASDAQ Regional Banking Index and the NASDAQ Bank Index, both of which are reflected in the stock performance graph included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024. During 2024, the Company reviewed the various market and bank indices and concluded that the KBW Nasdaq Regional Banking Index was more representative of companies like the Company and expects to use that index going forward. The Company TSR and each Peer Group TSR assume $100 was invested for the period starting December 31, 2019 through the end of the listed fiscal year. Dividend reinvestment has been assumed. Historical stock performance is not necessarily indicative of future stock performance.
        
PEO Total Compensation Amount [2] $ 5,659,475 [1] $ 3,229,008 $ 3,035,574 [3] $ 5,534,173 [4] $ 3,484,221
PEO Actually Paid Compensation Amount [5] $ 5,935,165 [1] 3,052,914 3,064,051 [3] 5,627,711 [4] 3,404,844
Adjustment To PEO Compensation, Footnote

PEO SCT Total to CAP Reconciliation

Year

 

Salary(1)

 

 

Bonus and Non-Equity Incentive Compensation(2)

 

 

Other Compensation(3)

 

 

SCT Total

 

 

Deductions
from SCT Total(4)

 

 

Additions
to SCT Total(5)

 

 

CAP

 

2024

 

$

1,092,865

 

 

$

1,867,278

 

 

$

239,487

 

 

$

5,659,475

 

 

$

2,459,845

 

 

$

2,735,535

 

 

$

5,935,165

 

2023

 

 

1,105,186

 

 

 

1,724,350

 

 

 

238,816

 

 

 

3,229,008

 

 

 

160,656

 

 

 

(15,438

)

 

 

3,052,914

 

2022

 

 

1,066,578

 

 

 

1,594,761

 

 

 

219,427

 

 

 

3,035,574

 

 

 

154,808

 

 

 

183,285

 

 

 

3,064,051

 

2021

 

 

1,041,712

 

 

 

1,612,548

 

 

 

213,699

 

 

 

5,534,173

 

 

 

2,666,214

 

 

 

2,759,752

 

 

 

5,627,711

 

2020

 

 

1,020,807

 

 

 

1,958,704

 

 

 

236,703

 

 

 

3,484,221

 

 

 

268,007

 

 

 

188,630

 

 

 

3,404,844

 
(1)
Reflects amounts reported in the Salary column in the SCT for each year shown.
(2)
Reflects amounts reported in the total of the Bonus and Non-Equity Incentive Plan Compensation columns in the SCT for each year shown.
(3)
Reflects amounts reported in the All Other Compensation column in the SCT for each year shown.
(4)
Represents the grant date fair value of the restricted stock awards granted each year as reported in the Stock Awards column in the SCT. The Company does not maintain a pension plan; therefore, a deduction from SCT total compensation related to pension value is not needed.
(5)
Reflects the value of equity calculated in accordance with the requirements set forth in Item 402(v) of Regulation S-K for determining CAP for each year shown. The equity component of CAP for fiscal years 2024, 2023, 2022, 2021 and 2020 is further detailed in the supplemental tables below:

PEO Equity Component of CAP

Year

 

Fair Value of
Current Year
Equity Awards at
12/31

 

 

Change in Value
of Prior Years'
Awards Unvested at
12/31

 

 

Change in Value
of Prior Years'
Awards that
Vested in FY

 

 

Equity Value Included in CAP

 

 

 

(a)

 

 

(b)

 

 

(c)

 

 

(d) = (a) + (b) + (c)

 

2024

 

$

2,867,595

 

 

$

17,465

 

 

$

(149,525

)

 

$

2,735,535

 

2023

 

 

160,656

 

 

 

(184,937

)

 

 

8,843

 

 

 

(15,438

)

2022

 

 

154,808

 

 

 

14,504

 

 

 

13,973

 

 

 

183,285

 

2021

 

 

2,734,458

 

 

 

12,186

 

 

 

13,108

 

 

 

2,759,752

 

2020

 

 

268,007

 

 

 

(86,895

)

 

 

7,518

 

 

 

188,630

 
       
Non-PEO NEO Average Total Compensation Amount [6] $ 2,483,266 [1] 1,593,619 2,088,997 [3] 2,151,891 [4] 1,548,064
Non-PEO NEO Average Compensation Actually Paid Amount [5] $ 2,663,858 [1] 1,496,454 2,080,990 [3] 2,227,148 [4] 1,529,470
Adjustment to Non-PEO NEO Compensation Footnote

Average Non-PEO NEO SCT Total to CAP Reconciliation

Year

 

Salary(1)

 

 

Bonus and Non-Equity Incentive Compensation(2)

 

 

Other Compensation(3)

 

 

SCT Total

 

 

Deductions
from SCT Total(4)

 

 

Additions
to SCT Total(5)

 

 

CAP

 

2024

 

$

642,254

 

 

$

850,594

 

 

$

92,220

 

 

$

2,483,266

 

 

$

898,199

 

 

$

1,078,791

 

 

$

2,663,858

 

2023

 

 

654,972

 

 

 

782,842

 

 

 

84,706

 

 

 

1,593,619

 

 

 

71,100

 

 

 

(26,065

)

 

 

1,496,454

 

2022

 

 

597,934

 

 

 

664,508

 

 

 

66,625

 

 

 

2,088,997

 

 

 

759,929

 

 

 

751,922

 

 

 

2,080,990

 

2021

 

 

617,335

 

 

 

671,107

 

 

 

69,683

 

 

 

2,151,891

 

 

 

793,767

 

 

 

869,024

 

 

 

2,227,148

 

2020

 

 

602,555

 

 

 

780,569

 

 

 

46,334

 

 

 

1,548,064

 

 

 

118,606

 

 

 

100,012

 

 

 

1,529,470

 

(1)
Reflects amounts reported in the Salary column in the SCT for each year shown.
(2)
Reflects amounts reported in the total of the Bonus and Non-Equity Incentive Plan Compensation columns in the SCT for each year shown.
(3)
Reflects amounts reported in the All Other Compensation column in the SCT for each year shown.
(4)
Represents the grant date fair value of the restricted stock awards granted each year as reported in the Stock Awards column in the SCT. The Company does not maintain a pension plan; therefore, a deduction from SCT total compensation related to pension value is not needed.
(5)
Reflects the value of equity calculated in accordance with the requirements set forth in Item 402(v) of Regulation S-K for determining CAP for each year shown. The equity component of CAP for fiscal years 2024, 2023, 2022, 2021 and 2020 is further detailed in the supplemental tables below:

Average Non-PEO NEO Equity Component of CAP

Year

 

Fair Value of
Current Year
Equity Awards at
12/31

 

 

Change in Value
of Prior Years'
Awards Unvested at
12/31

 

 

Change in Value
of Prior Years'
Awards that
Vested in FY

 

 

Equity Value Included in CAP

 

 

 

(a)

 

 

(b)

 

 

(c)

 

 

(d) = (a) + (b) + (c)

 

2024

 

$

1,043,824

 

 

$

79,168

 

 

$

(44,201

)

 

$

1,078,791

 

2023

 

 

71,100

 

 

 

(101,079

)

 

 

3,914

 

 

 

(26,065

)

2022

 

 

751,889

 

 

 

3,552

 

 

 

(3,519

)

 

 

751,922

 

2021

 

 

813,267

 

 

 

52,160

 

 

 

3,597

 

 

 

869,024

 

2020

 

 

118,606

 

 

 

(37,910

)

 

 

19,316

 

 

 

100,012

 

 

        
Equity Valuation Assumption Difference, Footnote

PEO Equity Component of CAP

Year

 

Fair Value of
Current Year
Equity Awards at
12/31

 

 

Change in Value
of Prior Years'
Awards Unvested at
12/31

 

 

Change in Value
of Prior Years'
Awards that
Vested in FY

 

 

Equity Value Included in CAP

 

 

 

(a)

 

 

(b)

 

 

(c)

 

 

(d) = (a) + (b) + (c)

 

2024

 

$

2,867,595

 

 

$

17,465

 

 

$

(149,525

)

 

$

2,735,535

 

2023

 

 

160,656

 

 

 

(184,937

)

 

 

8,843

 

 

 

(15,438

)

2022

 

 

154,808

 

 

 

14,504

 

 

 

13,973

 

 

 

183,285

 

2021

 

 

2,734,458

 

 

 

12,186

 

 

 

13,108

 

 

 

2,759,752

 

2020

 

 

268,007

 

 

 

(86,895

)

 

 

7,518

 

 

 

188,630

 

Average Non-PEO NEO Equity Component of CAP

Year

 

Fair Value of
Current Year
Equity Awards at
12/31

 

 

Change in Value
of Prior Years'
Awards Unvested at
12/31

 

 

Change in Value
of Prior Years'
Awards that
Vested in FY

 

 

Equity Value Included in CAP

 

 

 

(a)

 

 

(b)

 

 

(c)

 

 

(d) = (a) + (b) + (c)

 

2024

 

$

1,043,824

 

 

$

79,168

 

 

$

(44,201

)

 

$

1,078,791

 

2023

 

 

71,100

 

 

 

(101,079

)

 

 

3,914

 

 

 

(26,065

)

2022

 

 

751,889

 

 

 

3,552

 

 

 

(3,519

)

 

 

751,922

 

2021

 

 

813,267

 

 

 

52,160

 

 

 

3,597

 

 

 

869,024

 

2020

 

 

118,606

 

 

 

(37,910

)

 

 

19,316

 

 

 

100,012

 

 

        
Compensation Actually Paid vs. Total Shareholder Return

img95201630_4.jpg

        
Compensation Actually Paid vs. Net Income

img95201630_5.jpg

        
Compensation Actually Paid vs. Company Selected Measure

img95201630_6.jpg

        
Tabular List, Table
•
Return on Average Assets
•
Increase in Earnings Per Share
•
Efficiency Ratio
•
Increase in Dividends
•
Merger and Acquisitions Strategy, Negotiation and Integration
        
Total Shareholder Return Amount $ 122.89 [1] 106.79 110.55 [3] 106.69 [4] 99.59
Net Income (Loss) [7] $ 479,386,000 [1] $ 419,316,000 $ 524,516,000 [3] $ 519,297,000 [4] $ 528,904,000
Company Selected Measure Amount [8] 0.0023 [1] 0.0021 0.0008 [3] 0.0009 [4] 0.0021
PEO Name David Zalman, David Zalman, David Zalman, David Zalman, David Zalman,
Comp Prosperity Bancshares TSR versus NASDAQ Bank Index TSR Text Block

img95201630_7.jpg

        
Measure:: 1          
Pay vs Performance Disclosure          
Name Return on Average Assets        
Measure:: 2          
Pay vs Performance Disclosure          
Name Increase in Earnings Per Share        
Measure:: 3          
Pay vs Performance Disclosure          
Name Efficiency Ratio        
Measure:: 4          
Pay vs Performance Disclosure          
Name Increase in Dividends        
Measure:: 5          
Pay vs Performance Disclosure          
Name Merger and Acquisitions Strategy, Negotiation and Integration        
Salary Member          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount [9] $ 1,092,865 $ 1,105,186 $ 1,066,578 $ 1,041,712 $ 1,020,807
Bonus and Non-Equity Incentive Compensation Member          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount [10] 1,867,278 1,724,350 1,594,761 1,612,548 1,958,704
Other Compensation Member          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount [11] 239,487 238,816 219,427 213,699 236,703
Mr. Zalman [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount 2,229,500 0 0 2,462,250 0
Mr. Hanigan [Member]          
Pay vs Performance Disclosure          
Non-PEO NEO Average Total Compensation Amount     2,227,200    
Mr. Davenport [Member]          
Pay vs Performance Disclosure          
Non-PEO NEO Average Total Compensation Amount     742,000    
Messrs. Hanigan and Davenport [Member]          
Pay vs Performance Disclosure          
Non-PEO NEO Average Total Compensation Amount 0 0   0 0
Mr. Timanus [Member]          
Pay vs Performance Disclosure          
Non-PEO NEO Average Total Compensation Amount 1,592,500     1,407,000  
Mr. Safady [Member]          
Pay vs Performance Disclosure          
Non-PEO NEO Average Total Compensation Amount 1,592,500 0 0 1,407,000 0
Messrs. Timanus and Safady [Member]          
Pay vs Performance Disclosure          
Non-PEO NEO Average Total Compensation Amount   0 0   0
KBW Regional [Member]          
Pay vs Performance Disclosure          
Peer Group Total Shareholder Return Amount [12] 130,900 [1] 115,630 116,100 [3] 124,740 [4] 91,290
Nasdaq Bank [Member]          
Pay vs Performance Disclosure          
Peer Group Total Shareholder Return Amount [12] 141,590 [1] 114,990 107,540 [3] 128,280 [4] 90,810
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount [13] (2,459,845) (160,656) (154,808) (2,666,214) (268,007)
PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount [9] 2,735,535 (15,438) 183,285 2,759,752 188,630
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,867,595 160,656 154,808 2,734,458 268,007
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 17,465 (184,937) 14,504 12,186 (86,895)
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (149,525) 8,843 13,973 13,108 7,518
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount [13] 898,199 71,100 759,929 793,767 118,606
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount [9] 1,078,791 (26,065) 751,922 869,024 100,012
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,043,824 71,100 751,889 813,267 118,606
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 79,168 (101,079) 3,552 52,160 (37,910)
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (44,201) 3,914 (3,519) 3,597 19,316
Non-PEO NEO | Salary Member          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount [14] 642,254 654,972 597,934 617,335 602,555
Non-PEO NEO | Bonus and Non-Equity Incentive Compensation Member          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount [10] 850,594 782,842 664,508 671,107 780,569
Non-PEO NEO | Other Compensation Member          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount [11] $ 92,220 $ 84,706 $ 66,625 $ 69,683 $ 46,334
[1] PEO compensation for 2024 includes the grant date fair value of a three-year cliff vested restricted stock award of $2,229,500. Mr. Zalman did not receive such an award for 2023, 2022 or 2020. Non-PEO compensation for 2024 includes the grant date fair value of a three-year cliff vested restricted stock award of $1,592,500 for each Mr. Timanus and Mr. Safady. Messrs. Timanus and Safady did not receive such an award in 2023, 2022 or 2020.
[2] David Zalman, the Company’s Chief Executive Officer, was the PEO for each of the years presented.
[3] Non-PEO compensation for 2022 includes the grant date fair value of a three-year cliff vested restricted stock award of $2,227,200 for Mr. Hanigan, $742,000 for Mr. Davenport and $522,900 for Mr. Osmonov. Messrs. Hanigan, Davenport and Osmonov did not receive such an award in 2024, 2023, 2021 or 2020.
[4] PEO compensation for 2021 includes the grant date fair value of a three-year cliff vested restricted stock award of $2,462,250. Mr. Zalman did not receive such an award for 2023, 2022 or 2020. Non-PEO
compensation for 2021 includes the grant date fair value of a three-year cliff vested restricted stock award of $1,407,000 for each Mr. Timanus and Mr. Safady. Messrs. Timanus and Safady did not receive such an award in 2023, 2022 or 2020.
[5] The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized or received by the Company’s named executive officers. These amounts reflect the total compensation as reflected in the Summary Compensation Table with certain adjustments as described below.
[6] The Company’s non-PEO named executive officers for 2024, 2023, 2021 and 2020 consisted of Asylbek Osmonov, H. E. Timanus, Jr., Edward Z. Safady and Kevin Hanigan. The non-PEO named executives officers for 2022 consisted of Asylbek Osmonov, H. E. Timanus, Jr., Edward Z. Safady, Kevin Hanigan and J. Mays Davenport.
[7] As reported in the Company’s consolidated financial statements included in its Annual Report on Form 10-K for the year ended December 31, 2024.
[8] Represents the Company’s nonperforming assets to average interest-earning assets for each fiscal year.
[9] Reflects the value of equity calculated in accordance with the requirements set forth in Item 402(v) of Regulation S-K for determining CAP for each year shown. The equity component of CAP for fiscal years 2024, 2023, 2022, 2021 and 2020 is further detailed in the supplemental tables below:

PEO Equity Component of CAP

Year

 

Fair Value of
Current Year
Equity Awards at
12/31

 

 

Change in Value
of Prior Years'
Awards Unvested at
12/31

 

 

Change in Value
of Prior Years'
Awards that
Vested in FY

 

 

Equity Value Included in CAP

 

 

 

(a)

 

 

(b)

 

 

(c)

 

 

(d) = (a) + (b) + (c)

 

2024

 

$

2,867,595

 

 

$

17,465

 

 

$

(149,525

)

 

$

2,735,535

 

2023

 

 

160,656

 

 

 

(184,937

)

 

 

8,843

 

 

 

(15,438

)

2022

 

 

154,808

 

 

 

14,504

 

 

 

13,973

 

 

 

183,285

 

2021

 

 

2,734,458

 

 

 

12,186

 

 

 

13,108

 

 

 

2,759,752

 

2020

 

 

268,007

 

 

 

(86,895

)

 

 

7,518

 

 

 

188,630

 

Average Non-PEO NEO Equity Component of CAP

Year

 

Fair Value of
Current Year
Equity Awards at
12/31

 

 

Change in Value
of Prior Years'
Awards Unvested at
12/31

 

 

Change in Value
of Prior Years'
Awards that
Vested in FY

 

 

Equity Value Included in CAP

 

 

 

(a)

 

 

(b)

 

 

(c)

 

 

(d) = (a) + (b) + (c)

 

2024

 

$

1,043,824

 

 

$

79,168

 

 

$

(44,201

)

 

$

1,078,791

 

2023

 

 

71,100

 

 

 

(101,079

)

 

 

3,914

 

 

 

(26,065

)

2022

 

 

751,889

 

 

 

3,552

 

 

 

(3,519

)

 

 

751,922

 

2021

 

 

813,267

 

 

 

52,160

 

 

 

3,597

 

 

 

869,024

 

2020

 

 

118,606

 

 

 

(37,910

)

 

 

19,316

 

 

 

100,012

 

 
[10] Reflects amounts reported in the total of the Bonus and Non-Equity Incentive Plan Compensation columns in the SCT for each year shown.
[11] Reflects amounts reported in the All Other Compensation column in the SCT for each year shown.
[12] The Peer Group total shareholder return (“TSR”) is the cumulative total shareholder return of each of the KBW NASDAQ Regional Banking Index and the NASDAQ Bank Index, both of which are reflected in the stock performance graph included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024. During 2024, the Company reviewed the various market and bank indices and concluded that the KBW Nasdaq Regional Banking Index was more representative of companies like the Company and expects to use that index going forward. The Company TSR and each Peer Group TSR assume $100 was invested for the period starting December 31, 2019 through the end of the listed fiscal year. Dividend reinvestment has been assumed. Historical stock performance is not necessarily indicative of future stock performance.
[13] Represents the grant date fair value of the restricted stock awards granted each year as reported in the Stock Awards column in the SCT. The Company does not maintain a pension plan; therefore, a deduction from SCT total compensation related to pension value is not needed.
[14] Reflects amounts reported in the Salary column in the SCT for each year shown.