Stellar Bancorp shareholders approve Prosperity merger but reject executive pay package

Filed May 27, 2026 · Period ending May 27, 2026 · ~1 min read

Key Changes

• high

  Shareholders voted 99.7% in favor of the merger with Prosperity Bancshares, clearing the path for the transaction announced in January 2026 to proceed.

  Item 5.07 verify on EDGAR →
• medium

  In a non-binding advisory vote, shareholders rejected executive compensation tied to the merger by a 60-40 margin, signaling dissatisfaction with management pay arrangements despite approving the deal itself.

  Item 5.07 verify on EDGAR →
• low

  Strong turnout of 77.3% of outstanding shares participated in the special meeting, with 39.3 million of 50.9 million shares represented.

  Item 5.07 verify on EDGAR →