First Financial (FFIN) CEO David Bailey Receives RSU Awards

What Happened

• David W. Bailey, President and CEO of First Financial Bankshares, Inc. (FFIN), received restricted stock unit (RSU) awards on August 14, 2026 and had previously vested RSUs deferred into the company Supplemental Executive Retirement Plan (SERP). The filing shows acquisitions of 7,937 RSUs (recorded at $0) and a derivative award of 14,737 units valued at $35.28 each (total value $519,921). In connection with vesting events, 1,825 vested RSUs (8/14/26) and 639 vested RSUs (8/16/26) were deferred into the SERP and are reported as dispositions.

Key Details

• Transaction dates: grant/award reported 8/14/2026; vesting-related deferrals reported 8/14/2026 and 8/16/2026; Form 4 filed 8/18/2026.
• Reported prices/values: 7,937 RSUs @ $0 (acquired); 14,737 RSU-equivalent derivative award @ $35.28 each = $519,921 (acquired); vesting deferrals (1,825 and 639 units) reported as dispositions (no cash sale).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes of note:
  • F1: RSU grants vest in three approximately equal installments on each of the three anniversaries of the grant date.
  • F2/F3: The 1,825 and 639 vested RSUs were exchanged for deferred stock units under the SERP and are payable upon the reporting person’s termination.
  • F4: filing notes an option vesting schedule, but no option exercises are reported here.
• Timeliness: The Form 4 was filed 8/18/2026 for transactions dated 8/14/2026 and 8/16/2026. The 8/14 transactions were reported four days after the transaction date, which appears to be later than the typical two-business-day Form 4 reporting window.

Context

• These are awards and deferrals (not open-market buys or sales). Grants and RSU awards signal compensation rather than immediate insider buying; the vested units that were deferred into the SERP are being held as deferred stock units payable upon termination, not sold.