Bailey David William 4

What Happened

• David William Bailey, President and CEO of First Financial Bankshares, exercised stock options on 2026-05-06. The filing shows an exercise (transaction code M) that resulted in the acquisition of 2,500 shares at $21.18 each (cost $52,950) and a simultaneous disposition of 2,500 shares via a derivative transaction at the same $21.18 price (proceeds $52,950). Because the acquired and disposed amounts are equal, the filing indicates no net increase in his share count from these entries.

Key Details

• Transaction date: 2026-05-06; Filing date: 2026-05-07 (appears timely).
• Price per share: $21.18; Value of each leg: 2,500 shares × $21.18 = $52,950.
• Transaction codes: M = Option exercise (for both acquisition and derivative disposition).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• No 10b5-1 plan, tax-withholding, or other footnotes were provided in the summary data given.

Context

• An "M" code means Bailey exercised options. The matching acquisition and disposition often reflects a cashless exercise or an immediate sell-to-cover (selling shares to cover exercise costs or taxes), though the filing here does not state the reason.
• Because the exercise and sale are equal, this filing does not clearly signal a bullish purchase — it appears to be a routine option exercise with an offsetting sale rather than an accumulation of stock.