First Financial (FFIN) Trust Company President Lon Biebighauser Receives Awards

What Happened

• Lon A. Biebighauser, Trust Company President of First Financial Bankshares (FFIN), received equity awards on 2026-08-14: 1,429 restricted stock units (RSUs) and a derivative award of 2,653 shares at $35.28 (valued at $93,598).
• To cover tax withholding on previously vested RSUs, 94 shares were withheld/disposed at $35.28 (proceeds ~$3,316). On 2026-08-17 he also disposed of 570 shares by gift (no proceeds).

Key Details

• Transaction dates: Grants/withholding on 2026-08-14; gift on 2026-08-17. Form 4 filed 2026-08-18 (timely within the two-business-day reporting window).
• Specifics: 1,429 RSUs granted (A) at $0.00; 2,653 derivative shares acquired (A) at $35.28 = $93,598; 94 shares withheld for taxes (F) at $35.28 = $3,316; 570 shares gifted (G) at $0.
• Shares owned after the transactions: not reported in this filing.
• Relevant footnotes: F1 = RSUs vest in three roughly equal annual installments; F2 = 94 shares were withheld to pay income taxes on vesting; F3 = referenced options vest 33.33% after 1 year, 66.66% after 2, and 100% after 3 years (indicates staged vesting for derivative/option awards).

Context

• These transactions are primarily compensation-related awards (RSUs and a derivative award) rather than open-market purchases or sales; awards signal company compensation, not an immediate buy/sell decision by the insider.
• The 94-share withholding is a routine tax-withholding action on vesting, and the 570-share gift is a non-sale transfer that does not necessarily indicate market sentiment.