First Financial (FFIN) EVP/CIO Timothy Brown Receives Equity Awards

What Happened Timothy Michael Brown, Executive Vice President and Chief Information Officer of First Financial Bankshares, received equity awards on August 14, 2026: 1,814 restricted stock units (RSUs) and 3,368 derivative awards recorded at $35.28 each (total reported value $118,823). The RSUs were reported with no cash price; the derivative award reflects an equity-linked grant with an indicated per-share price of $35.28.

Key Details

• Transaction date: August 14, 2026 (reported on Form 4 filed August 18, 2026).
• Grants reported:
  • 1,814 RSUs — reported acquisition amount $0.
  • 3,368 derivative awards — $35.28 per share; total reported value $118,823.
• Vesting/terms (from footnotes):
  • RSUs vest in three approximately equal installments on each anniversary of the grant date.
  • The derivative awards/options vest 33.33% after one year, 66.66% after two years, and 100% after three years.
• Shares owned after the transaction: not included in the provided excerpt of the filing.
• Filing timing: Form 4 filed Aug 18 for an Aug 14 grant (filed 4 days after the transaction date).

Context These entries are awards/grants (compensation), not open-market purchases or sales. RSUs typically convert to shares upon vesting and require no exercise price; the reported $0 for RSUs reflects that no cash was paid at grant. The derivative line appears to be an option-like award with an exercise price of $35.28 and multi-year vesting — exercise would be required before sale unless settled in shares. Such awards are commonly used for executive compensation and do not by themselves indicate immediate buying or selling intent.