First Financial (NASDAQ: FFIN) grants shares to chairman’s trusts
Rhea-AI Filing Summary
FIRST FINANCIAL BANKSHARES INC (FFIN) reported equity compensation and related adjustments for Executive Chairman F. Scott Dueser. On August 14, 2026, he received 8,875 Deferred Stock Units, increasing his deferred stock unit balance to 59,245. These arose when 8,875 previously granted restricted stock units vested and, instead of being settled in common shares, were deferred into the company’s Supplemental Executive Retirement Plan and made payable upon his termination. On the same date, 12,755 shares of common stock were awarded at no cost to several trusts for which he serves as trustee, settlor and beneficiary, and 8,875 common shares were disposed of by a trust to the issuer in connection with the RSU-to-deferred-unit exchange. Additional indirect holdings are reported through family limited partnerships, with Dueser disclaiming beneficial ownership of substantial portions of those partnership-held shares.
Positive
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Negative
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Insider Trade Summary
Net Buyer: 3,880 shares
Net Buy
5 txns
Insider
DUESER F SCOTT
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units F3 | 8,875 | -- | -- |
| Grant/Award | Common Stock F1, F2 | 12,755 | $0.00 | $0.00 |
| Disposition | Common Stock F3, F2 | 8,875 | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Deferred Stock Units — 59,245 shares (Direct);
Common Stock — 506,387 shares (Indirect, By Trust);
Common Stock — 879,314 shares (Indirect, By Partnership)
Footnotes (5)
- F1. Reflects grant of restricted stock units (RSUs) which vest in three approximately equal installments on each of the three anniversaries of the grant date.
- F2. Represents shares held by several trusts of which Mr. Dueser is trustee, settlor and beneficiary.
- F3. In connection with the vesting on August 14, 2026, of 8,875 restricted stock units previously granted to the reporting person, the reporting person's receipt of 8,875 shares of common stock was deferred resulting in the reporting person's receipt instead of 8,875 shares of deferred stock units into the First Financial Bankshares, Inc. Supplemental Executive Retirement Plan, as amended and restated effected July 26, 2022 (the "SERP"). The reporting person is therefore reporting the disposition of 8,875 restricted stock units in exchange for an equal number of deferred stock units under the SERP, which are payable upon the reporting person's termination.
- F4. Represents shares that are owned by a family limited partnership of which Mr. Dueser serves as manager of the general partner and to which he disclaims beneficial ownership with respect to 353,253 shares. This report should not be deemed an admission that Mr. Dueser is the beneficial owner of these shares for purposes of Section 16 or any other purpose.
- F5. Represents shares that are owned by a family limited partnership of which Mr. Dueser serves as manager of the general partner and to which he disclaims beneficial ownership with respect to 291,125 shares. This report should not be deemed an admission that Mr. Dueser is the beneficial owner of these shares for purposes of Section 16 or any other purpose.
Key Figures
Deferred Stock Units granted: 8,875 units
Deferred Stock Units after transaction: 59,245 units
Common stock awarded to trusts: 12,755 shares
+3 more
6 metrics
Deferred Stock Units granted
8,875 units
Deferred Stock Units credited on August 14, 2026 in exchange for vested RSUs
Deferred Stock Units after transaction
59,245 units
Total Deferred Stock Units held directly by F. Scott Dueser following the August 14, 2026 grant
Common stock awarded to trusts
12,755 shares
Common shares granted at $0.00 per share to trusts associated with Dueser on August 14, 2026
Common stock disposed to issuer by trust
8,875 shares
Indirect disposition to issuer in connection with RSU-to-deferred-unit exchange on August 14, 2026
Disclaimed beneficial ownership (partnership 1)
353,253 shares
Shares in a family limited partnership for which Dueser disclaims beneficial ownership
Disclaimed beneficial ownership (partnership 2)
291,125 shares
Shares in another family limited partnership for which Dueser disclaims beneficial ownership
Key Terms
Deferred Stock Units, restricted stock units, Supplemental Executive Retirement Plan, family limited partnership, +1 more
5 terms
Deferred Stock Units financial
"The reporting person's receipt instead of 8,875 shares of deferred stock units"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
restricted stock units financial
"Reflects grant of restricted stock units (RSUs) which vest in three"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Supplemental Executive Retirement Plan financial
"deferred stock units into the First Financial Bankshares, Inc. Supplemental Executive Retirement Plan"
family limited partnership financial
"Represents shares that are owned by a family limited partnership of which"
beneficial ownership financial
"to which he disclaims beneficial ownership with respect to 353,253 shares"
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.
FAQ
What equity awards did F. Scott Dueser receive from FFIN on August 14, 2026?
On August 14, 2026, F. Scott Dueser received 8,875 Deferred Stock Units and an award of 12,755 shares of common stock at $0.00 per share to certain trusts. The deferred units relate to vested restricted stock units deferred into the company’s SERP.
How many Deferred Stock Units does F. Scott Dueser hold at FFIN after this Form 4?
After the August 14, 2026 transaction, F. Scott Dueser holds 59,245 Deferred Stock Units tied to FFIN common stock. The new 8,875 units reflect vested RSUs that were deferred into the Supplemental Executive Retirement Plan rather than settled in common shares.
What happened to the 8,875 restricted stock units reported by FFIN for F. Scott Dueser?
On August 14, 2026, 8,875 restricted stock units vested and were exchanged for 8,875 Deferred Stock Units under FFIN’s SERP. In connection with this exchange, a trust associated with Dueser reported disposition of 8,875 common shares to the issuer.
How are F. Scott Dueser’s indirect FFIN holdings through partnerships characterized?
Indirect holdings include shares owned by family limited partnerships where Dueser manages the general partner. He disclaims beneficial ownership of 353,253 shares in one partnership and 291,125 shares in another, stating the report should not deem him their beneficial owner.
Are FFIN’s reported Deferred Stock Units for F. Scott Dueser immediately payable?
No. The 8,875 Deferred Stock Units reported on August 14, 2026 are credited to FFIN’s Supplemental Executive Retirement Plan. According to the disclosure, these deferred stock units are payable upon Dueser’s termination, rather than immediately upon vesting.
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