First Financial EVP exercises 2,300 options
FIRST FINANCIAL BANKSHARES INC’s EVP and Chief Credit Officer exercised options for common stock and donated 950 shares to a nonprofit foundation.
Rhea-AI Filing Summary
FIRST FINANCIAL BANKSHARES INC (FFIN) executive T. Luke Longhofer, EVP and Chief Credit Officer, reported option exercises and a charitable stock gift. On September 8, 2026 he exercised employee stock options for 1,500 shares at $21.18 and 800 shares at $29.70, receiving the same number of common shares. On September 9, 2026 he made a bona fide charitable gift of 950 common shares to a nonprofit foundation. No Rule 10b5-1 trading plan is indicated.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,300 shares exercised/converted
Exercise
5 txns
Insider
Longhofer T. Luke
Role
EVP - Chief Credit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock F1 | 950 | $0.00 | $0.00 |
| Exercise | Employee Stock Option, Right to Buy | 1,500 | $21.18 | $32K |
| Exercise | Employee Stock Option, Right to Buy | 800 | $29.70 | $24K |
| Exercise | Common Stock | 1,500 | $21.18 | $32K |
| Exercise | Common Stock | 800 | $29.70 | $24K |
Holdings After Transaction:
Employee Stock Option, Right to Buy — 9,200 contracts (Direct);
Common Stock — 43,148 shares (Direct)
Footnotes (1)
- F1. This donation was a charitable gift to a nonprofit foundation.
Key Figures
Charitable gift shares: 950 shares
Options exercised at $21.18: 1,500 shares
Options exercised at $29.70: 800 shares
+3 more
6 metrics
Charitable gift shares
950 shares
Common stock gifted as a bona fide charitable donation on September 9, 2026
Options exercised at $21.18
1,500 shares
Employee stock options exercised into common stock on September 8, 2026
Options exercised at $29.70
800 shares
Employee stock options exercised into common stock on September 8, 2026
Total options exercised
2,300 shares
Aggregate underlying common shares from two option exercises reported
Exercise price 1
$21.18 per share
Exercise or conversion price for one employee stock option grant
Exercise price 2
$29.70 per share
Exercise or conversion price for another employee stock option grant
Key Terms
Bona fide gift, Employee Stock Option, Right to Buy, derivative security, non-derivative
4 terms
Bona fide gift regulatory
"transaction code description notes a Bona fide gift disposition of shares"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Employee Stock Option, Right to Buy financial
"security title listed as Employee Stock Option, Right to Buy"
derivative security financial
"transaction code description refers to Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
non-derivative financial
"transaction type is identified as non-derivative for common stock entries"
FAQ
What insider transactions did FFIN executive T. Luke Longhofer report on this Form 4?
He reported exercising employee stock options for 1,500 shares at $21.18 and 800 shares at $29.70 of FIRST FINANCIAL BANKSHARES INC common stock on September 8, 2026, and making a bona fide charitable gift of 950 common shares on September 9, 2026.
What option exercises did the FFIN EVP and Chief Credit Officer report?
He exercised employee stock options for 1,500 underlying common shares at an exercise price of $21.18 and for 800 underlying common shares at $29.70 on September 8, 2026, receiving the corresponding common stock of FIRST FINANCIAL BANKSHARES INC.
Were the FFIN insider’s transactions made under a Rule 10b5-1 trading plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox as not affirmed, and there is no footnote stating that the reported transactions were made under a Rule 10b5-1 or other pre-arranged trading plan.
What types of securities were involved in the FFIN Form 4 transactions?
The transactions involved Employee Stock Options, Right to Buy, which are derivative securities, and the underlying Common Stock of FIRST FINANCIAL BANKSHARES INC, including shares acquired upon option exercise and shares transferred as a charitable gift.
AI-generated analysis. How Rhea-AI works. Not financial advice.
