F. Scott Dueser - Aug 16, 2021 Form 4 Insider Report for FIRST FINANCIAL BANKSHARES INC (FFIN)

Role
Chairman, President and CEO, Director
Signature
By: James R. Gordon Attorney in Fact for F. Scott Dueser
Stock symbol
FFIN
Transactions as of
Aug 16, 2021
Transactions value $
$0
Form type
4
Date filed
8/18/2021, 03:58 PM
Previous filing
Jun 29, 2021
Next filing
Oct 29, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FFIN Common Stock Award $0 +9.81K +1.1% $0.00 904K Aug 16, 2021 By Trust F1, F2
holding FFIN Common Stock 536K Aug 16, 2021 By Partnership F3
holding FFIN Common Stock 448K Aug 16, 2021 By Partnership 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 Employee Stock Option, Right to Buy Award $0 +18.5K $0.00 18.5K Aug 16, 2021 Common Stock 18.5K $48.91 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects grant of restricted stock units (RSUs) which vest in three approximately equal installments on each of the three anniversaries of the grant date.
F2 The total shares represented are held in various trusts of which Mr. Dueser is the 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 402,003 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.
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 319,636 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.
F5 The options vest 20% after one year from the grant date, 40% after the second year, 60% after the third year, 80% after the fourth year and 100% after the fifth year.