T. Luke Longhofer - Aug 16, 2024 Form 4 Insider Report for FIRST FINANCIAL BANKSHARES INC (FFIN)

Signature
By: Michelle S. Hickox Attorney in Fact for T. Luke Longhofer
Stock symbol
FFIN
Transactions as of
Aug 16, 2024
Transactions value $
-$2,282
Form type
4
Date filed
8/20/2024, 04:39 PM
Previous filing
Aug 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FFIN Common Stock Tax liability -$2.28K -64 -0.18% $35.65 34.9K Aug 16, 2024 Direct F1
transaction FFIN Common Stock Disposed to Issuer -1.08K -3.09% 33.8K Aug 16, 2024 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FFIN Deferred Stock Units Award +1.08K +296.97% 1.44K Aug 16, 2024 Common Stock 1.08K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person elected, in accordance with the Registrant's 2021 Omnibus Stock and Incentive Plan, to exercise his right to have the Registrant withhold 64 shares of the Registrant's common stock to pay income taxes related to vesting of previously granted restricted stock units.
F2 In connection with the vesting on August 16, 2024, of 1,078 restricted stock units previously granted to Mr. Longhofer, Mr. Longhofer's receipt of 1,078 shares of common stock was deferred resulting in Mr. Longhofer's receipt instead of 1,078 shares of deferred stock units into the First Financial Bankshares, Inc. Supplemental Executive Retirement Plan, as amended and restated effective July 26, 2022 (the "SERP"). Mr. Longhofer is therefore reporting the disposition of 1,078 restricted stock units in exchange for an equal number of shares of deferred stock units under the SERP, which are payable upon Mr. Longhofer's termination of employment.