Ronald D. Butler II - Aug 16, 2024 Form 4 Insider Report for FIRST FINANCIAL BANKSHARES INC (FFIN)

Role
CAO
Signature
By: Michelle S. Hickox Attorney in Fact for Ronald D. Butler II
Stock symbol
FFIN
Transactions as of
Aug 16, 2024
Transactions value $
-$4,955
Form type
4
Date filed
8/20/2024, 05:25 PM
Previous filing
Aug 15, 2024
Next filing
Aug 30, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FFIN Common Stock Tax liability -$4.96K -139 -0.09% $35.65 155K Aug 16, 2024 Direct F1
transaction FFIN Common Stock Disposed to Issuer -1.92K -1.24% 153K 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 +1.92K +339.82% 2.49K Aug 16, 2024 Common Stock 1.92K 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 139 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 1,920 restricted stock units previously granted to Mr. Butler, Mr. Butler's receipt of 1,920 shares of common stock was deferred resulting in Mr. Butler's receipt instead of 1,920 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. Butler is therefore reporting the disposition of 1,920 restricted stock units in exchange for an equal number of shares of deferred stock units under the SERP, which are payable upon Mr. Butler's termination of employment.