[Form 4] First Financial Bankshares Inc Insider Trading Activity

Rhea-AI Filing Summary

J. Kyle McVey, EVP and Chief Accounting Officer of First Financial Bankshares Inc. (FFIN), reported a routine tax-withholding share disposition. On 08/16/2025 he allowed the company to withhold 171 shares of common stock to satisfy income tax obligations arising from vesting of previously granted restricted stock units. The shares were withheld at an effective price of $35.38 per share, and following the withholding McVey beneficially owns 26,021 shares outright. The Form 4 was submitted with a signature by Michelle S. Hickox as attorney-in-fact on 08/19/2025. The filing reflects an internal compensation-related share withholding rather than an open-market sale.

Insights

Corporate Governance Expert

TL;DR: Routine RSU tax-withholding, not a signal of change in control or major insider selling.

This Form 4 documents a tax-withholding disposition of 171 shares tied to vested restricted stock units for an executive officer. Such withholdings are common administrative actions to satisfy tax withholding; they do not represent discretionary cash sales by the reporting person and therefore typically carry limited governance or signaling implications. The remaining beneficial ownership of 26,021 shares remains disclosed, allowing continued transparency around insider holdings.

Compensation/Tax Analyst

TL;DR: Administrative exercise to cover tax liability from RSU vesting; immaterial to company capitalization.

The report indicates 171 shares were withheld at $35.38 per share to cover income taxes from previously vested RSUs. This is a standard plan provision under the 2021 Omnibus Stock and Incentive Plan. The transaction reduces the reporter's direct share count to 26,021 and does not create additional dilution beyond plan-authorized mechanics; it is a non-cash, compliance-driven event rather than a liquidity-driven insider sale.

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

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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^*

McVey J. Kyle

(Last) (First) (Middle)

PO 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, Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/16/2025

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	08/16/2025		F		171(1)	D	$35.38	26,021	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

Explanation of Responses:

1. 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 171 shares of the Registrant's common stock to pay income taxes related to vesting of previously granted restricted stock units.

	By: Michelle S. Hickox Attorney in Fact for J. Kyle McVey	08/19/2025
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did J. Kyle McVey report on Form 4 for FFIN?

He reported the withholding of 171 shares to satisfy income taxes from vested restricted stock units; this was recorded as a disposition on 08/16/2025.

At what price were the 171 shares withheld?

The shares were withheld at an effective price of $35.38 per share.

How many FFIN shares does McVey beneficially own after the transaction?

Following the withholding, he beneficially owns 26,021 shares directly.

Who signed the Form 4 and when was it filed?

The Form 4 bears a signature by Michelle S. Hickox as attorney-in-fact and is dated 08/19/2025.

Was this an open-market sale or a tax withholding under the company plan?

This was a tax-withholding disposition executed under the Registrant's 2021 Omnibus Stock and Incentive Plan, not an open-market sale.