F. Scott Dueser - Aug 16, 2024 Form 4 Insider Report for FIRST FINANCIAL BANKSHARES INC (FFIN)

Role
Chairman, President and CEO, Director
Signature
By: Michelle S. Hickox Attorney in Fact for F. Scott Dueser
Stock symbol
FFIN
Transactions as of
Aug 16, 2024
Transactions value $
$0
Form type
4
Date filed
8/20/2024, 05:04 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 Disposed to Issuer -6.74K -0.7% 959K Aug 16, 2024 By Trust F1, F2
holding FFIN Common Stock 408K Aug 16, 2024 By Partnership F3
holding FFIN Common Stock 496K Aug 16, 2024 By Part F4

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 +6.74K +33.98% 26.6K Aug 16, 2024 Common Stock 6.74K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In connection with the vesting on August 16, 2024, of 6,736 restricted stock units previously granted to Mr. Dueser, Mr. Dueser's receipt of 6,736 shares of common stock was deferred resulting in Mr. Dueser's receipt instead of 6,736 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. Dueser is therefore reporting the disposition of 6,736 restricted stock units in exchange for an equal number of shares of deferred stock units under the SERP, which are payable upon Mr. Dueser's termination of employment.
F2 Represents shares held by several trusts of which Mr. Dueser is trustee, settlor and beneficiary.
F3 Represents shares that are owned by a family limited partnership of which Mr. Dueser serves as manager of the general partner and to which he disclaims beneficial ownership with respect to 291,125 shares. This report should not be deemed an admission that Mr. Dueser is the beneficial owner of these shares for purposes of Section 16 or any other purpose.
F4 Represents shares that are owned by a family limited partnership of which Mr. Dueser serves as manager of the general partner and to which he disclaims beneficial ownership with respect to 372,003 shares. This report should not be deemed an admission that Mr. Dueser is the beneficial owner of these shares for purposes of Section 16 or any other purpose.