First Financial Bankshares (FFIN) CFO exercises options and gets new equity grants
Rhea-AI Filing Summary
FIRST FINANCIAL BANKSHARES INC (FFIN) reported equity compensation and related tax transactions for EVP and Bank CFO J. Kyle McVey. On August 14, 2026 he received a grant of 4,526 employee stock options with an exercise price of $35.28 per share, expiring on August 14, 2036, vesting in three annual installments. He also received 2,438 restricted stock units, which vest in three approximately equal annual installments. On the same date he exercised 4,000 stock options at $21.18 per share, acquiring 4,000 shares of common stock. To cover income taxes on vesting of previously granted RSUs, he elected to have the company withhold 266 shares on August 14, 2026 and 120 shares on August 16, 2026, each at a reference price of $35.28 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 6,052 shares
Net Buy
6 txns
Insider
McVey J. Kyle
Role
EVP, CFO - Bank
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F3 | 120 | $35.28 | $4K |
| Grant/Award | Employee Stock Option, Right to Buy F4 | 4,526 | $35.28 | $160K |
| Exercise | Employee Stock Option, Right to Buy | 4,000 | $21.18 | $85K |
| Grant/Award | Common Stock F1 | 2,438 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 266 | $35.28 | $9K |
| Exercise | Common Stock | 4,000 | $21.18 | $85K |
Holdings After Transaction:
Employee Stock Option, Right to Buy — 8,526 shares (Direct);
Common Stock — 33,737 shares (Direct)
Footnotes (4)
- 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. 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 266 shares of the Registrant's common stock to pay income taxes related to vesting of previously granted restricted stock units.
- F3. 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 120 shares of the Registrant's common stock to pay income taxes related to vesting of previously granted restricted stock units.
- F4. The options vest 33.33% after one year from the grant date, 66.66% after the second year, and 100% after the third year.
Key Figures
Options granted: 4,526 shares
Option exercise price (new grant): $35.28 per share
Option expiration: August 14, 2036
+5 more
8 metrics
Options granted
4,526 shares
Employee stock options granted August 14, 2026 at $35.28 exercise price
Option exercise price (new grant)
$35.28 per share
Exercise price of 4,526 options expiring August 14, 2036
Option expiration
August 14, 2036
Expiration date of 4,526 employee stock options granted August 14, 2026
RSUs granted
2,438 units
Restricted stock units granted August 14, 2026, vesting over three years
Options exercised
4,000 shares
Employee stock options exercised August 14, 2026 at $21.18 per share
Exercise price (options exercised)
$21.18 per share
Conversion or exercise price for 4,000 options into common stock
Shares withheld for taxes
386 shares
266 shares on August 14, 2026 and 120 shares on August 16, 2026
Tax withholding reference price
$35.28 per share
Price used in share withholding transactions coded F
Key Terms
restricted stock units, Employee Stock Option, Right to Buy, vest, 2021 Omnibus Stock and Incentive Plan
4 terms
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.
Employee Stock Option, Right to Buy financial
"security_title": "Employee Stock Option, Right to Buy""
vest financial
"RSUs which vest in three approximately equal installments"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
2021 Omnibus Stock and Incentive Plan financial
"in accordance with the Registrant's 2021 Omnibus Stock and Incentive Plan"
FAQ
What equity awards did FFIN grant to J. Kyle McVey in August 2026?
FFIN granted J. Kyle McVey 4,526 stock options at an exercise price of $35.28 per share, expiring August 14, 2036, plus 2,438 restricted stock units vesting in three approximately equal annual installments.
What stock option exercise did J. Kyle McVey report at FFIN?
J. Kyle McVey exercised 4,000 employee stock options on August 14, 2026 at an exercise price of $21.18 per share, receiving 4,000 shares of FIRST FINANCIAL BANKSHARES INC common stock.
How do McVey’s new FFIN stock options vest over time?
The 4,526 employee stock options granted to McVey vest 33.33% one year after the grant date, 66.66% after two years, and 100% after three years from the August 14, 2026 grant date.
How do McVey’s new restricted stock units in FFIN vest?
McVey’s 2,438 restricted stock units vest in three approximately equal installments on each of the three anniversaries of the August 14, 2026 grant date, aligning the equity award with a three-year service period.
AI-generated analysis. How Rhea-AI works. Not financial advice.
