F. Scott Dueser - Aug 16, 2023 Form 4 Insider Report for FIRST FINANCIAL BANKSHARES INC (FFIN)

Role: Chairman, President and CEO, Director
Signature: By: Michelle S. Hickox Attorney in Fact for F. Scott Dueser
Stock symbol: FFIN
Transactions as of: Aug 16, 2023
Transactions value $: $0
Form type: 4
Date filed: 8/18/2023, 04:37 PM
Previous filing: Feb 3, 2023
Next filing: Oct 31, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FFIN	Common Stock	Disposed to Issuer		-3.27K	-0.34%		956K	Aug 16, 2023	By Trust	F1, F2
transaction	FFIN	Common Stock	Disposed to Issuer		-3.47K	-0.36%		953K	Aug 16, 2023	By Trust	F2, F3
holding	FFIN	Common Stock						496K	Aug 16, 2023	By Partnership	F4
holding	FFIN	Common Stock						448K	Aug 16, 2023	By Partnership	F5

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		+6.74K	+205.87%		10K	Aug 16, 2023	Common Stock	6.74K		Direct	F1, F3

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

Explanation of Responses:

Id	Content
F1	In connection with the vesting on August 16, 2023, of 3,271 restricted stock units previously granted to Mr. Dueser on August 16, 2021, Mr. Dueser's receipt of 3,271 shares of common stock was deferred resulting in Mr. Dueser's receipt instead of 3,271 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. Dueser is therefore reporting the disposition of 3,271 restricted stock units in exchange for an equal number of shares of deferred stock units under the SERP, which are payable upon Mr. Dueser's termination of employment.
F2	Represents shares held by several trusts of which Mr. Dueser is trustee, settlor and beneficiary.
F3	In connection with the vesting on August 16, 2023, of 3,465 restricted stock units previously granted to Mr. Dueser on August 16, 2022, Mr. Dueser's receipt of 3,465 shares of common stock was deferred resulting in Mr. Dueser's receipt instead of 3,465 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. Dueser is therefore reporting the disposition of 3,465 restricted stock units in exchange for an equal number of shares of deferred stock units under the SERP, which are payable upon Mr. Dueser's termination of employment.
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 372,003 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.
F5	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.