David William Bailey - 16 Aug 2024 Form 4 Insider Report for FIRST FINANCIAL BANKSHARES INC (FFIN)

Role: EVP, Commercial Banking
Signature: By: Michelle S. Hickox Attorney in Fact for David W. Bailey
Issuer symbol: FFIN
Transactions as of: 16 Aug 2024
Net transactions value: -$1,141
Form type: 4
Filing time: 20 Aug 2024, 16:41:16 UTC
Previous filing: 15 Aug 2024
Next filing: 25 Mar 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FFIN	Common Stock	Tax liability	$1,141	-32	-0.22%	$35.65	14,538	16 Aug 2024	Direct	F1
transaction	FFIN	Common Stock	Disposed to Issuer		-866	-6%		13,672	16 Aug 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		+866	+383%		1,092	16 Aug 2024	Common Stock	866		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 32 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 866 restricted stock units previously granted to Mr. Bailey, Mr. Bailey's receipt of 866 shares of common stock was deferred resulting in Mr. Bailey's receipt instead of 866 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. Bailey is therefore reporting the disposition of 866 restricted stock units in exchange for an equal number of shares of deferred stock units under the SERP, which are payable upon Mr. Bailey's termination of employment.

Content

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 32 shares of the Registrant's common stock to pay income taxes related to vesting of previously granted restricted stock units.

In connection with the vesting on August 16, 2024, of 866 restricted stock units previously granted to Mr. Bailey, Mr. Bailey's receipt of 866 shares of common stock was deferred resulting in Mr. Bailey's receipt instead of 866 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. Bailey is therefore reporting the disposition of 866 restricted stock units in exchange for an equal number of shares of deferred stock units under the SERP, which are payable upon Mr. Bailey's termination of employment.