Bailey David William 4
4 · FIRST FINANCIAL BANKSHARES INC · Filed Mar 25, 2025
Insider Transaction Report
Form 4
Bailey David William
CEO and President
Transactions
- Award
Deferred Stock Units
2025-03-21+1,017→ 2,109 total→ Common Stock (1,017 underlying) - Award
Common Stock
2025-03-21+1,017→ 14,689 total - Disposition to Issuer
Common Stock
2025-03-21−1,017→ 13,672 total
Footnotes (2)
- [F1]Represents shares of common stock issued upon the vesting of outstanding performance stock units that were subject to performance criteria other than the issuer's stock price.
- [F2]In connection with the vesting of performance stock units previously granted on August 16, 2022, Mr. Bailey's receipt of 1,017 shares of common stock was deferred resulting in Mr. Bailey's receipt instead of 1,017 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 1,017 performance 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.