[Form 4] First Financial Bankshares Inc Insider Trading Activity

Rhea-AI Filing Summary

Brian D. Goodrich, Executive Vice President and General Counsel of First Financial Bankshares Inc. (FFIN), reported changes in beneficial ownership on 08/14/2025. He was granted 1,281 restricted stock units (RSUs) that vest in three roughly equal annual installments and elected to have the company withhold 111 shares to satisfy taxes related to prior RSU vesting.

On the same date he acquired 4,302 employee stock options with an exercise price of $36.43 and an expiration date of 08/14/2035. Following the reported transactions the filing shows beneficial ownership of 2,528 common shares and 4,302 options (direct ownership).

Positive

• Grant of 1,281 RSUs with multi‑year vesting aligns executive incentives with long‑term shareholder interests
• Issuance of 4,302 employee stock options exercisable at $36.43 through 08/14/2035 supports retention

Negative

• None.

Insights

Financial Analyst

TL;DR: Insider received time‑based RSUs and long‑dated stock options; routine compensation activity with limited immediate market impact.

The filing documents a standard executive compensation event: a grant of 1,281 RSUs vesting over three years and 4,302 options exercisable at $36.43 until 2035, plus a 111‑share withholding to cover taxes. These grants increase alignment of the executive with shareholder value over multi‑year horizons but are not a cash liquidity event. The transactions are typical for long‑term incentive pay and, by themselves, are unlikely to materially affect FFIN's near‑term financials or share supply.

Corporate Governance Expert

TL;DR: Compensation uses time‑based vesting and tax withholding; governance appears consistent with common equity‑based incentive practices.

The structure — RSUs vesting annually and options with a 10‑year term — follows common governance practices to retain and incent senior management. The withholding of 111 shares to satisfy tax obligations is an administrative routine. No departures, unusual accelerated vesting, or related‑party transactions are disclosed in this Form 4.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Goodrich Brian D.

(Last) (First) (Middle)

P.O. BOX 701

(Street)

ABILENE TX 79604

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FIRST FINANCIAL BANKSHARES INC [ FFIN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP - General Counsel

3. Date of Earliest Transaction (Month/Day/Year)
08/14/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/14/2025		A		1,281(1)	A	$0	2,639	D
Common Stock	08/14/2025		F		111(2)	D	$36.43	2,528	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option, Right to Buy	$36.43	08/14/2025		A		4,302		(3)	08/14/2035	Common Stock	4,302	$36.43	4,302	D

Explanation of Responses:

1. Reflects grant of restricted stock units (RSUs) which vest in three approximately equal installments on each of the three anniversaries of the grant date.

2. 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 111 shares of the Registrant's common stock to pay income taxes related to vesting of previously granted restricted stock units.

3. The options vest 33.33% after one year from the grant date, 66.66% after the second year, and 100% after the third year.

	Michelle S. Hickox Attorney in Fact for Brian D. Goodrich	08/18/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What transactions did Brian D. Goodrich report on Form 4 for FFIN?

The Form 4 reports a grant of 1,281 RSUs, a withholding of 111 shares to pay taxes, and acquisition of 4,302 stock options at $36.43 on 08/14/2025.

How do the RSUs awarded to FFIN's EVP vest?

The 1,281 RSUs vest in three approximately equal installments on each of the three anniversaries of the grant date.

What are the terms of the options reported by the insider for FFIN?

The Form 4 shows 4,302 options with an exercise price of $36.43 and an expiration date of 08/14/2035; vesting is 33.33% after one year, 66.66% after two years, and 100% after three years.

Did the insider sell shares as part of these transactions?

The filing shows 111 shares were withheld by the registrant to satisfy income taxes related to RSU vesting; no open‑market sale is reported.

What is the insider's reported beneficial ownership after these transactions?

Following the reported transactions the filing indicates beneficial ownership of 2,528 common shares (direct) and 4,302 options (direct).