4//SEC Filing
Ruzicka John James Jr 4
Accession 0001209191-23-046579
CIK 0000036029other
Filed
Aug 17, 8:00 PM ET
Accepted
Aug 18, 4:46 PM ET
Size
13.4 KB
Accession
0001209191-23-046579
Insider Transaction Report
Form 4
Ruzicka John James Jr
EVP-CIO
Transactions
- Award
Deferred Stock Units
2023-08-16+262→ 262 total→ Common Stock (262 underlying) - Tax Payment
Common Stock
2023-08-16$29.53/sh−59$1,742→ 9,316 total - Award
Common Stock
2023-08-16+1,580→ 10,896 total - Award
Employee Stock Option, Right to Buy
2023-08-16+5,557→ 5,557 totalExercise: $29.53Exp: 2033-08-16→ Common Stock (5,557 underlying) - Disposition to Issuer
Common Stock
2023-08-16−262→ 10,634 total
Footnotes (4)
- [F1]The reporting person elected, in accordance with the Registrant's 2021 Omnibus Stock and Incentive Plan, to exercise his right to have the Registrant withhold 59 shares of the Registrant's common stock to pay income taxes related to vesting of previously granted restricted stock units.
- [F2]Reflects grant of restricted stock units (RSUs) which vest in three approximately equal installments on each of the three anniversaries of the grant date.
- [F3]In connection with the vesting on August 16, 2023, of 262 restricted stock units previously granted to Mr. Ruzicka on August 16, 2022, Mr. Ruzicka's receipt of 262 shares of common stock was deferred resulting in Mr. Ruzicka's receipt instead of 262 shares of deferred stock units into the First Financial Bankshares, Inc. Supplemental Executive Retirement Plan, as amended and restated effective July 26, 2022 (the "SERP"). Mr. Ruzicka is therefore reporting the disposition of 262 restricted stock units in exchange for an equal number of shares of deferred stock units under the SERP, which are payable upon Mr. Ruzicka's termination of employment.
- [F4]The options vest 33.33% after one year from the grant date, 66.66% after the second year, and 100% after the third year.
Documents
Issuer
FIRST FINANCIAL BANKSHARES INC
CIK 0000036029
Entity typeother
Related Parties
1- filerCIK 0001773890
Filing Metadata
- Form type
- 4
- Filed
- Aug 17, 8:00 PM ET
- Accepted
- Aug 18, 4:46 PM ET
- Size
- 13.4 KB