Bailey David William 4

What Happened
David W. Bailey, President and CEO of First Financial Bankshares, Inc. (FFIN), had 2,878 performance stock units vest on March 13, 2026. Those vested units were reported as (1) an award/vesting of 2,878 shares, (2) a disposition of 2,878 performance stock units to the issuer, and (3) a derivative award of 2,878 deferred stock units. No dollar price is reported (N/A) because this was a vesting/deferral transaction, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-13; Form 4 filed: 2026-03-17 (filed within the required reporting window).
• Shares involved: 2,878 performance stock units vested; 2,878 performance stock units were exchanged for 2,878 deferred stock units. Price per share: N/A.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes:
  • F1: These were performance stock units tied to non-stock-price performance criteria.
  • F2: Instead of receiving common shares, Mr. Bailey’s 2,878 vested units were deferred into the First Financial Bankshares, Inc. Supplemental Executive Retirement Plan (SERP) as deferred stock units, payable upon termination of employment.
• Filing timeliness: Form appears timely (filed within the required reporting window).

Context
This was a vesting and deferral of performance-based equity, not an open-market buy or sale. The deferred stock units are a form of deferred compensation (payable later under the SERP) and do not represent immediately tradable common stock. Such administrative vesting/deferral transactions are common and do not by themselves indicate a buy or sell sentiment.