David W. Bailey - Jan 25, 2022 Form 3 Insider Report for FIRST FINANCIAL BANKSHARES INC (FFIN)

Role: EVP, Commercial Banking
Signature: By: James R. Gordon Attorney in Fact for David W. Bailey
Stock symbol: FFIN
Transactions as of: Jan 25, 2022
Transactions value $: $0
Form type: 3
Date filed: 4/28/2022, 04:52 PM
Next filing: Aug 18, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	FFIN	Common Stock						6.78K	Jan 25, 2022	Direct

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
holding	FFIN	Employee Stock Option, Right to Buy							Jan 25, 2022	Common Stock	5K	$16.95	Direct	F1
holding	FFIN	Employee Stock Option, Right to Buy							Jan 25, 2022	Common Stock	10K	$21.18	Direct	F2
holding	FFIN	Employee Stock Option, Right to Buy							Jan 25, 2022	Common Stock	6K	$29.70	Direct	F3
holding	FFIN	Employee Stock Option, Right to Buy							Jan 25, 2022	Common Stock	1.49K	$48.91	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On October 27, 2015, First Financial Bankshares, Inc. granted the reporting person options to purchase shares of the Company's common stock at $16.95 per share. The options vest 20% at the end of two year, 40% at the end of three years, 60% at the end of four years, 80% at the end of five years, and 100% at the end of six years.
F2	On June 12, 2017, First Financial Bankshares, Inc. granted the reporting person options to purchase shares of the Company's common stock at $21.18 per share. The options vest 20% at the end of two year, 40% at the end of three years, 60% at the end of four years, 80% at the end of five years, and 100% at the end of six years.
F3	On June 26, 2019, First Financial Bankshares, Inc. granted the reporting person options to purchase shares of the Company's common stock at $29.70 per share. The options vest 20% at the end of two year, 40% at the end of three years, 60% at the end of four years, 80% at the end of five years, and 100% at the end of six years.
F4	On August 16, 2021, First Financial Bankshares, Inc. granted the reporting person options to purchase shares of the Company's common stock at $48.91 per share. The options vest 20% at the end of one year, 40% at the end of two years, 60% at the end of three years, 80% at the end of four years, and 100% at the end of five years.