Thaxton Kirk W 4

4 · FIRST FINANCIAL BANKSHARES INC · Filed Aug 18, 2023

Form 4

Period: 2023-08-16

Trust Company CEO

Transactions

Tax Payment
Common Stock
2023-08-16$29.53/sh−98$2,894→ 89,934 total
Award
Deferred Stock Units
2023-08-16+427→ 427 total
→ Common Stock (427 underlying)
Disposition to Issuer
Common Stock
2023-08-16−427→ 92,329 total
Award
Common Stock
2023-08-16+2,822→ 92,756 total
Award
Employee Stock Option, Right to Buy
2023-08-16+9,923→ 9,923 total
Exercise: $29.53Exp: 2033-08-16→ Common Stock (9,923 underlying)

Holdings

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 98 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 427 restricted stock units previously granted to Mr. Thaxton on August 16, 2022, Mr. Thaxton's receipt of 427 shares of common stock was deferred resulting in Mr. Thaxton's receipt instead of 427 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. Thaxton is therefore reporting the disposition of 427 restricted stock units in exchange for an equal number of shares of deferred stock units under the SERP, which are payable upon Mr. Thaxton'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

1 file