First Financial Bankshares (FFIN) exec exercises options, sells stock
Rhea-AI Filing Summary
FIRST FINANCIAL BANKSHARES INC (FFIN) executive vice president and chief accounting officer Ronald David Butler II reported several equity transactions. On August 17, 2026, he exercised an employee stock option for 5,000 shares of common stock at $21.18 per share and reported selling 15,000 shares of common stock at $34.95 per share. Earlier, on August 14 and 16, 2026, he exchanged vesting restricted stock units for an equal number of deferred stock units (2,375 and 1,354 units, respectively) credited to the company’s Supplemental Executive Retirement Plan (SERP), which are payable upon his termination.
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Insights
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Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
7 txns
Insider
Butler Ronald David II
Role
EVP/CAO
Sold
15,000 shs ($524K)
Approx. gross sale proceeds
$524K
Approx. exercise cost
$106K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option, Right to Buy | 5,000 | $21.18 | $106K |
| Sale | Common Stock | 15,000 | $34.95 | $524K |
| Exercise | Common Stock | 5,000 | $21.18 | $106K |
| Grant/Award | Deferred Stock Unit F2 | 1,354 | -- | -- |
| Disposition | Common Stock F2 | 1,354 | -- | -- |
| Grant/Award | Deferred Stock Units F1 | 2,375 | -- | -- |
| Disposition | Common Stock F1 | 2,375 | -- | -- |
Holdings After Transaction:
Deferred Stock Units — 16,637 shares (Direct);
Deferred Stock Unit — 17,991 shares (Direct);
Employee Stock Option, Right to Buy — 15,000 shares (Direct);
Common Stock — 157,223 shares (Direct)
Footnotes (2)
- F1. In connection with the vesting on August 14, 2026, of 2,375 restricted stock units previously granted to the reporting person, the reporting person's receipt of 2,375 shares of common stock was deferred resulting in the reporting person's receipt instead of 2,375 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 2,375 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.
- F2. In connection with the vesting on August 16, 2026, of 1,354 restricted stock units previously granted to the reporting person, the reporting person's receipt of 1,354 shares of common stock was deferred resulting in the reporting person's receipt instead of 1,354 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 1,354 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.
Key Figures
Options exercised: 5,000 shares
Option exercise price: $21.18 per share
Shares sold: 15,000 shares
+5 more
8 metrics
Options exercised
5,000 shares
Employee stock option exercised on August 17, 2026
Option exercise price
$21.18 per share
Exercise price for 5,000-share employee stock option
Shares sold
15,000 shares
Sale of FFIN common stock on August 17, 2026
Sale price
$34.95 per share
Price for 15,000-share common stock sale
Deferred stock units (Aug 14, 2026)
2,375 units
Deferred in lieu of vested restricted stock units into SERP
Deferred stock units (Aug 16, 2026)
1,354 units
Deferred in lieu of vested restricted stock units into SERP
Deferred units outstanding after Aug 16, 2026 grant
17,991 units
Total deferred stock units reported following that transaction
Options outstanding after exercise
15,000 derivative securities
Total shares underlying reported option line after 5,000-share exercise
Key Terms
Deferred Stock Unit, restricted stock units, Supplemental Executive Retirement Plan, disposition to issuer
4 terms
Deferred Stock Unit financial
"The reporting person is therefore reporting the disposition of 2,375 restricted stock units in exchange for an equal number of deferred stock units"
A deferred stock unit (DSU) is a promise from a company to give an employee or director the value of a share at a future date, paid in actual shares or cash when certain conditions are met (such as retirement or a set date). Think of it like a gift card that converts to company stock later; it aligns pay with long‑term performance and can affect future share count, compensation expense and potential cash needs, so investors watch DSUs for their impact on dilution and company finances.
restricted stock units financial
"In connection with the vesting on August 14, 2026, of 2,375 restricted stock units previously granted"
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, as amended"
disposition to issuer financial
"The reporting person is therefore reporting the disposition of 2,375 restricted stock units in exchange"
FAQ
What insider transactions did FFIN executive Ronald David Butler II report on this Form 4?
Ronald David Butler II reported exercising 5,000 options at $21.18 and selling 15,000 common shares at $34.95 on August 17, 2026, plus exchanges of vested restricted stock units for deferred stock units into the company SERP on August 14 and 16, 2026.
What stock options did Ronald David Butler II exercise in FFIN?
He exercised an employee stock option for 5,000 shares of FFIN common stock at an exercise price of $21.18 per share on August 17, 2026. The option originally had an exercise date of June 12, 2020 and an expiration date of June 12, 2027.
What are the FFIN deferred stock unit transactions reported by Ronald David Butler II?
He acquired 2,375 deferred stock units on August 14, 2026 and 1,354 deferred stock units on August 16, 2026. Footnotes state these replaced an equal number of vesting restricted stock units and were credited to the FFIN Supplemental Executive Retirement Plan (SERP), payable upon termination.
How were FFIN restricted stock units treated in Ronald David Butler II’s Form 4?
Upon vesting, 2,375 and 1,354 restricted stock units were not settled in common stock. Instead, Butler deferred receipt, exchanging them for an equal number of deferred stock units under the FFIN SERP, which are payable when his employment terminates.
Does the FFIN Form 4 indicate remaining option holdings for Ronald David Butler II?
The Form 4 reports the exercise of 5,000 options and a resulting 15,000 derivative securities position for that option line after the transaction. It does not provide a comprehensive view of all option or derivative holdings beyond what is shown in this filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
