Form 4 for FFIN FIRST FINANCIAL BANKSHARES INC
Accepted 2023-08-18 00:00:00 ET · period of report 2023-08-16 · accession 0001209191-23-046550 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-08-18 | 2023-08-16 | FFIN | Butler Ronald David II | CAO | A - Grant | $0.00 | +4,063 | 150.7K | +3% | $0 |
| D | 2023-08-18 | 2023-08-16 | FFIN | Butler Ronald David II | CAO | D - Sale to Iss | — | -565 | 150.1K | -0.4% | — |
| D | 2023-08-18 | 2023-08-16 | FFIN | Butler Ronald David II | CAO | F - Tax | $29.53 | -139 | 146.6K | -0.1% | -$4,105 |
| DM | 2023-08-18 | 2023-08-16 | FFIN | Butler Ronald David II | CAO | A - Grant | $0.00 | +14.9K | 565 | 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 | 2023-08-16 | A | A | 4,063 | $0.00 | 150,690 | D | — | — | (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. |
| 2 | Common | Common Stock | 2023-08-16 | D | D | 565 | — | 150,125 | D | — | — | (F3) In connection with the vesting on August 16, 2023, of 565 restricted stock units previously granted to Mr. Butler on August 16, 2022, Mr. Butler's receipt of 565 shares of common stock was deferred resulting in Mr. Butler's receipt instead of 565 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. Butler is therefore reporting the disposition of 565 restricted stock units in exchange for an equal number of shares of deferred stock units under the SERP, which are payable upon Mr. Butler's termination of employment. |
| 3 | Common | Common Stock | 2023-08-16 | F | D | 139 | $29.53 | 146,627 | D | — | — | (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 139 shares of the Registrant's common stock to pay income taxes related to vesting of previously granted restricted stock units. |
| 4 | Derivative | Employee Stock Option, Right to Buy | 2023-08-16 | A | A | 14,289 | $0.00 | 14,289 | D | $29.53 · — to 2033-08-16 | 14,289 Common Stock | (F4) The options vest 33.33% after one year from the grant date, 66.66% after the second year, and 100% after the third year. |
| 5 | Derivative | Deferred Stock Units | 2023-08-16 | A | A | 565 | — | 565 | D | — · — to — | 565 Common Stock | (F3) In connection with the vesting on August 16, 2023, of 565 restricted stock units previously granted to Mr. Butler on August 16, 2022, Mr. Butler's receipt of 565 shares of common stock was deferred resulting in Mr. Butler's receipt instead of 565 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. Butler is therefore reporting the disposition of 565 restricted stock units in exchange for an equal number of shares of deferred stock units under the SERP, which are payable upon Mr. Butler's termination of employment. |