F. Scott Dueser - Mar 18, 2024 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
Mar 18, 2024
Transactions value $
$0
Form type
4
Date filed
3/20/2024, 03:58 PM
Previous filing
Feb 20, 2024
Next filing
Aug 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FFIN Common Stock Award $0 +9.81K +1.03% $0.00 961K Mar 18, 2024 By Trust F1, F2
transaction FFIN Common Stock Disposed to Issuer $0 -9.81K -1.02% $0.00 951K Mar 18, 2024 By Trust F2, F3
holding FFIN Common Stock 496K Mar 18, 2024 By Partnership F4
holding FFIN Common Stock 448K Mar 18, 2024 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 -9.81K -33.12% 19.8K Mar 18, 2024 Common Stock 9.81K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of common stock issued upon the vesting of outstanding performance stock units that were subject to performance criteria other than the issuer's stock price.
F2 Represents shares held by several trusts of which Mr. Dueser is trustee, settlor and beneficiary.
F3 In connection with the vesting on March 18, 2024, of 9,814 performance stock units previously granted to Mr. Dueser on August 16, 2021, Mr. Dueser's receipt of 9,814 shares of common stock was deferred resulting in Mr. Dueser's receipt instead of 9,814 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 9,814 performance 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.