Bailey David William 4
4 · FIRST FINANCIAL BANKSHARES INC · Filed Aug 20, 2024
Insider Transaction Report
Form 4
Bailey David William
CEO and President
Transactions
- Tax Payment
Common Stock
2024-08-16$35.65/sh−32$1,141→ 14,538 total - Disposition to Issuer
Common Stock
2024-08-16−866→ 13,672 total - Award
Deferred Stock Units
2024-08-16+866→ 1,092 total→ Common Stock (866 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 32 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 866 restricted stock units previously granted to Mr. Bailey, Mr. Bailey's receipt of 866 shares of common stock was deferred resulting in Mr. Bailey's receipt instead of 866 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 866 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.