David W. Bailey - Aug 16, 2022 Form 4 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: Aug 16, 2022
Transactions value $: -$1,557
Form type: 4
Date filed: 8/18/2022, 04:55 PM
Previous filing: Apr 28, 2022
Next filing: Aug 18, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FFIN	Common Stock	Tax liability	-$1.56K	-33	-0.49%	$47.19	6.75K	Aug 16, 2022	Direct	F1
transaction	FFIN	Common Stock	Award	$0	+678	+10.05%	$0.00	7.43K	Aug 16, 2022	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	Employee Stock Option, Right to Buy	Award	$0	+2.78K		$0.00	2.78K	Aug 16, 2022	Common Stock	2.78K	$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 33 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.