Thaxton Kirk W 4
4 · FIRST FINANCIAL BANKSHARES INC · Filed Aug 20, 2024
Insider Transaction Report
Form 4
Thaxton Kirk W
Trust Company CEO
Transactions
- Tax Payment
Common Stock
2024-08-16$35.65/sh−98$3,494→ 91,014 total - Award
Deferred Stock Units
2024-08-16+1,368→ 1,795 total→ Common Stock (1,368 underlying) - Disposition to Issuer
Common Stock
2024-08-16−1,368→ 89,646 total
Holdings
- 330(indirect: By Spouse)
Common Stock
Footnotes (2)
- [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 98 shares of the Registrant's common stock to pay income taxes related to vesting of previously granted restricted stock units.
- [F2]In connection with the vesting on August 16, 2024, of 1,368 restricted stock units previously granted to Mr. Thaxton, Mr. Thaxton's receipt of 1,368 shares of common stock was deferred resulting in Mr. Thaxton's receipt instead of 1,368 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. Thaxton is therefore reporting the disposition of 1,368 restricted stock units in exchange for an equal number of shares of deferred stock units under the SERP, which are payable upon Mr. Thaxton's termination of employment.