0001209191-23-046510.txt : 20230818 0001209191-23-046510.hdr.sgml : 20230818 20230818155356 ACCESSION NUMBER: 0001209191-23-046510 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230816 FILED AS OF DATE: 20230818 DATE AS OF CHANGE: 20230818 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Bailey David William CENTRAL INDEX KEY: 0001924083 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-07674 FILM NUMBER: 231185724 MAIL ADDRESS: STREET 1: P.O. BOX 1581 CITY: EASTLAND STATE: TX ZIP: 76448 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: FIRST FINANCIAL BANKSHARES INC CENTRAL INDEX KEY: 0000036029 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 750944023 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 400 PINE STREET CITY: ABILENE STATE: TX ZIP: 79601 BUSINESS PHONE: 325.627.7167 MAIL ADDRESS: STREET 1: P.O. BOX 701 CITY: ABILENE STATE: TX ZIP: 79604 4 1 doc4.xml FORM 4 SUBMISSION X0508 4 2023-08-16 0 0000036029 FIRST FINANCIAL BANKSHARES INC FFIN 0001924083 Bailey David William P O BOX 701 ABILENE TX 79604 0 1 0 0 EVP, Commercial Banking 0 Common Stock 2023-08-16 4 F 0 33 29.53 D 7394 D Common Stock 2023-08-16 4 A 0 1919 0.00 A 9313 D Common Stock 2023-08-16 4 D 0 226 D 9087 D Employee Stock Option, Right to Buy 29.53 2023-08-16 4 A 0 6747 0.00 A 2033-08-16 Common Stock 6747 6747 D Deferred Stock Units 2023-08-16 4 A 0 226 A Common Stock 226 226 D 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. Reflects grant of restricted stock units (RSUs) which vest in three approximately equal installments on each of the three anniversaries of the grant date. In connection with the vesting on August 16, 2023, of 226 restricted stock units previously granted to Mr. Bailey on August 16, 2022, Mr. Bailey's receipt of 226 shares of common stock was deferred resulting in Mr. Bailey's receipt instead of 226 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. Bailey is therefore reporting the disposition of 226 restricted stock units in exchange for an equal number of shares of deferred stock units under the SERP, which are payable upon Mr. Bailey's termination of employment. The options vest 33.33% after one year from the grant date, 66.66% after the second year, and 100% after the third year. By: Michelle S. Hickox Attorney in Fact for David W. Bailey 2023-08-18