Kade Matthews of First Financial (NASDAQ: FFIN) granted 2,142 restricted shares vesting 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MATTHEWS KADE reported acquisition or exercise transactions in this Form 4 filing.
FIRST FINANCIAL BANKSHARES INC director Kade Matthews received a new stock grant. He was awarded 2,142 shares of common stock as a restricted stock grant at no cash cost per share. After this award, his directly owned common stock position is 19,877 shares.
The restricted stock grant vests in a single installment on April 27, 2027. The filing also lists large indirect holdings, including 560,000 shares held by a trust and 355,371 shares each held by a spouse GRAT and a GRAT, plus shares held by a foundation where he serves as president and director, for which he disclaims beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
MATTHEWS KADE
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,142 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 19,877 shares (Direct, null);
Common Stock — 355,371 shares (Indirect, By GRAT)
Footnotes (1)
- This amount represents a restricted stock grant that vests in a single installment on April 27, 2027. This indirect ownership represents shares owned by a foundation in which Mr. Matthews is President and Director. Mr. Matthews disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Mr. Matthews is the beneficial owner of such securities for purposes of Section 16 or any other purpose.
Key Figures
Restricted stock grant: 2,142 shares
Direct holdings after grant: 19,877 shares
Trust indirect holdings: 560,000 shares
+3 more
6 metrics
Restricted stock grant
2,142 shares
Common Stock award to director on April 28, 2026
Direct holdings after grant
19,877 shares
Common Stock directly owned following award
Trust indirect holdings
560,000 shares
Common Stock held indirectly by trust
Spouse GRAT holdings
355,371 shares
Common Stock held indirectly by spouse GRAT
GRAT holdings
355,371 shares
Common Stock held indirectly by GRAT
Grant vesting date
April 27, 2027
Restricted stock vests in single installment
Key Terms
restricted stock grant, GRAT, Section 16, beneficial ownership, +1 more
5 terms
restricted stock grant financial
"This amount represents a restricted stock grant that vests in a single installment"
A restricted stock grant is an award of company shares given to an employee or executive that cannot be sold or transferred until certain conditions are met, such as staying with the company for a set time or hitting performance goals. For investors, it signals how the company ties pay to future performance and can affect the number of shares outstanding and management’s incentives—think of it as a wrapped gift you only keep once you meet the requirements.
GRAT financial
"nature_of_ownership: By Spouse GRAT and By GRAT"
Section 16 regulatory
"beneficial owner of such securities for purposes of Section 16 or any other purpose"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
beneficial ownership financial
"Mr. Matthews disclaims beneficial ownership of these securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
indirect ownership financial
"This indirect ownership represents shares owned by a foundation"
