Kirk W. Thaxton - 16 Aug 2022 Form 4 Insider Report for FIRST FINANCIAL BANKSHARES INC (FFIN)

Role: Trust Company CEO
Signature: By: James R. Gordon Attorney in Fact for Kirk W. Thaxton
Issuer symbol: FFIN
Transactions as of: 16 Aug 2022
Net transactions value: -$4,625
Form type: 4
Filing time: 18 Aug 2022, 16:52:43 UTC
Previous filing: 08 Feb 2022
Next filing: 14 Sep 2022
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	$4,625	-98	-0.12%	$47.19	84,985	16 Aug 2022	Direct	F1
transaction	FFIN	Common Stock	Award	$0	+1,280	+1.5%	$0.000000	86,265	16 Aug 2022	Direct	F2
holding	FFIN	Common Stock						330	16 Aug 2022	By Spouse

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	+5,253		$0.000000	5,253	16 Aug 2022	Common Stock	5,253	$47.19	Direct	F3

* 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 98 shares of the Registrant's common stock to pay income taxes related to vesting of previously granted restricted stock units.
F2	Reflects grant of restricted stock units (RSUs) which vest in three approximately equal installments on each of the three anniversaries of the grant date.
F3	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.