diff --git a/changelog/v4.6.3.md b/changelog/v4.6.3.md
new file mode 100644
index 0000000000..5aeabfa599
--- /dev/null
+++ b/changelog/v4.6.3.md
@@ -0,0 +1,7 @@
+# 4.6.3
+
+The v4.6.3 release fixes a performance issue when `renderMode: 'image'` is set on an `ol.layer.Vector`.
+
+## Fixes
+
+ * [#7554](https://github.com/openlayers/openlayers/pull/7554) - Only compose image vector frame when the replay group has changed ([@ahocevar](https://github.com/ahocevar))
diff --git a/package.json b/package.json
index 0388f76bf6..dbfda596d3 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "openlayers",
-  "version": "4.6.2",
+  "version": "4.6.3",
   "description": "Build tools and sources for developing OpenLayers based mapping applications",
   "keywords": [
     "map",
diff --git a/package/package.json b/package/package.json
index 158788a12e..067a6491fa 100644
--- a/package/package.json
+++ b/package/package.json
@@ -1,6 +1,6 @@
 {
   "name": "ol",
-  "version": "4.6.2",
+  "version": "4.6.3",
   "description": "OpenLayers as ES2015 modules",
   "main": "index.js",
   "module": "index.js",