W.R. COLLIER - Corporate Board Profile

PROSPERITY BANCSHARES INC

Filing Date	Source Excerpt
2013-03-15	Mr. Collier joined the Company as a Class II Director and as Senior Chairman for the West Texas Division of the Bank upon completion of the merger of American State Financial Corporation into the Company on July 1, 2012. Mr. Collier began his career with American State Bank in 1959, starting as a teller and rising to become President and Chief Executive Officer in 1974 and then on to Chief Executive Officer and Chairman of American State Financial Corporation in 1988. Mr. Collier graduated with a Bachelor of Science degree from Texas Technological College, now Texas Tech University, in 1961. He also graduated from the Southwestern Graduate School of Banking at Southern Methodist University in Dallas. Active in the Lubbock community, Mr. Collier was a member of the Executive Committee of the Texas Tech University Foundation and served on the President's Council of both Texas Tech University and Lubbock Christian University. He was a board member of the Independent Bankers Association of Texas and served on both the Government Relations Council and the Deposit Insurance Reform Committee of the American Bankers Association, where he is also a former State Vice President for the Texas division. The Company believes Mr. Collier's qualifications to serve as a director include his extensive professional experience and involvement in the banking industry, his leadership of American State and his dedication to the Lubbock community. For 2012, directors of the Company received a fee of $2,750 for each meeting of the Company's Board attended and a fee of $600 for each committee meeting attended, except the Chairman of the Audit Committee, who received $1,250 for each committee meeting chaired, and the Chairman of the Nominating and Corporate Governance Committee and the Chairman of the Compensation Committee, who each received $1,000 for each committee meeting chaired. For 2012, directors of the Bank received a fee of $1,200 for each meeting of the Bank's Board of Directors attended and a $400 fee for each committee meeting attended, but only if the committee meeting was held at a different time from the Board meeting. For the year ended December 31, 2012, none of the non-employee directors received compensation in the form of perquisites or other personal benefits. In addition to the director fees listed above, the Compensation Committee recommended, and the Board approved, an award of 800 shares of restricted stock to each non-employee director of the Company. The restricted stock awards were granted on April 17, 2012 pursuant to the Company's 2004 Stock Incentive Plan. The forfeiture restrictions with respect to the restricted stock awards will lapse on April 1, 2013. Mr. Collier, who serves as a director of the Company, is employed by the Bank but is not a named executive officer. His compensation from the Bank is included in the "All Other Compensation" column in the table below. His compensation paid pursuant to the terms of his employment agreement with the Bank, of which $300,000 was received as salary, bonus and non-competition payments, and $2,400,000 was received as a bonus related to the operational integration of American State Bank into the Bank. Mr. Collier joined the Company and the Bank upon completion of the merger of American State Financial Corporation into the Company on July 1, 2012 and the director fees and salary included in the table above are for the partial year's service.
2014-03-14	Mr. Collier joined the Company as a Class II Director and as Senior Chairman for the West Texas Division of the Bank upon completion of the merger of American State Financial Corporation into the Company on July 1, 2012. Director Compensation for the Fiscal Year Ended December 31, 2013: W.R. Collier Fees Earned or Paid in Cash $511,600, Stock Awards $0, All Other Compensation $341,443, Total $853,043.
2015-03-19	Mr. Collier joined the Company as a Class II Director and as Senior Chairman for the West Texas Area of the Bank upon completion of the merger of American State Financial Corporation into the Company on July 1, 2012. For 2014, Mr. Collier received fees earned or paid in cash of $511,800 and other compensation totaling $341,443, for a total of $853,243.
2016-03-15	Mr. Collier joined the Company as a Class II Director and as Senior Chairman for the West Texas Area of the Bank upon completion of the merger of American State Financial Corporation into the Company on July 1, 2012. ... Director Compensation for the Fiscal Year Ended December 31, 2015 ... W.R. Collier ... $271,800 Fees Earned or Paid in Cash ... Total $613,018.
2017-03-14	W.R. Collier. Mr. Collier joined the Company as a Class II Director and as Senior Chairman for the West Texas Area of the Bank upon completion of the merger of American State Financial Corporation into the Company on July 1, 2012... Director Compensation for the Fiscal Year Ended December 31, 2016 ... W.R. Collier ... Total ... $472,305
2018-03-13	W.R. Collier. Mr. Collier joined the Company as a Class II Director and as Senior Chairman for the West Texas Area of the Bank upon completion of the merger of American State Financial Corporation into the Company on July 1, 2012. ... Director Compensation for the Fiscal Year Ended December 31, 2017 ... W.R. Collier ... Total 472,530