Form 4 for FFIN FIRST FINANCIAL BANKSHARES INC
Accepted 2022-08-18 00:00:00 ET · period of report 2022-08-16 · accession 0001209191-22-046704 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2022-08-18 | 2022-08-16 | FFIN | DUESER F SCOTT | COB, Pres, CEO, Dir | A - Grant | $0.00 | +10.4K | 939.8K | +1% | $0 |
| DI | 2022-08-18 | 2022-08-16 | FFIN | DUESER F SCOTT | COB, Pres, CEO, Dir | D - Sale to Iss | $0.00 | -3,272 | 929.4K | -0.4% | $0 |
| DM | 2022-08-18 | 2022-08-16 | FFIN | DUESER F SCOTT | COB, Pres, CEO, Dir | A - Grant | $0.00 | +24.6K | 3,272 | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-08-16 | A | A | 10,394 | $0.00 | 939,814 | I By Trust | — | — | (F3) Reflects grant of restricted stock units (RSUs) which vest in three approximately equal installments on each of the three anniversaries of the grant date. (F2) Represents shares held by several trusts of which Mr. Dueser is trustee, settlor and beneficiary. |
| 2 | Common | Common Stock | 2022-08-16 | D | D | 3,272 | $0.00 | 929,420 | I By Trust | — | — | (F1) In connection with the vesting on August 16, 2022 of 3,272 restricted stock units previously granted to Mr. Dueser on August 16, 2021, Mr. Dueser's receipt of 3,272 shares of common stock was deferred, resulting in Mr. Dueser's receipt instead of 3,272 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 3,272 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. |
| 3 | Derivative | Employee Stock Option, Right to Buy | 2022-08-16 | A | A | 21,326 | $0.00 | 21,236 | D | $47.19 · — to 2032-08-16 | 21,326 Common Stock | (F6) 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. |
| 4 | Derivative | Deferred Stock Units | 2022-08-16 | A | A | 3,272 | $0.00 | 3,272 | D | $0.00 · — to — | 3,272 Common Stock | (F1) In connection with the vesting on August 16, 2022 of 3,272 restricted stock units previously granted to Mr. Dueser on August 16, 2021, Mr. Dueser's receipt of 3,272 shares of common stock was deferred, resulting in Mr. Dueser's receipt instead of 3,272 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 3,272 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. |