Longhofer T. Luke 4
4 · FIRST FINANCIAL BANKSHARES INC · Filed Aug 20, 2024
Insider Transaction Report
Form 4
Longhofer T. Luke
Executive Vice President
Transactions
- Disposition to Issuer
Common Stock
2024-08-16−1,078→ 33,832 total - Tax Payment
Common Stock
2024-08-16$35.65/sh−64$2,282→ 34,910 total - Award
Deferred Stock Units
2024-08-16+1,078→ 1,441 total→ Common Stock (1,078 underlying)
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 64 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 1,078 restricted stock units previously granted to Mr. Longhofer, Mr. Longhofer's receipt of 1,078 shares of common stock was deferred resulting in Mr. Longhofer's receipt instead of 1,078 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. Longhofer is therefore reporting the disposition of 1,078 restricted stock units in exchange for an equal number of shares of deferred stock units under the SERP, which are payable upon Mr. Longhofer's termination of employment.