First Financial (FFIN) grants CIO 3,368 stock options in equity award
Rhea-AI Filing Summary
FIRST FINANCIAL BANKSHARES INC (FFIN) reported equity awards to executive officer Timothy Michael Brown, EVP/Chief Information Officer. He received 3,368 stock options at an exercise price of $35.28 per share, expiring August 14, 2036, vesting 33.33% after one year, 66.66% after two years, and fully after three years. He also received 1,814 restricted stock units (RSUs), which vest in three approximately equal installments on each of the first three anniversaries of the grant date. Following these grants, he directly holds 3,368 options and 1,814 shares of common stock related to these awards.
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Insider Trade Summary
Net Buyer: 1,814 shares
Net Buy
2 txns
Insider
Brown Timothy Michael
Role
EVP/Chief Information Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option, Right to Buy F2 | 3,368 | $35.28 | $119K |
| Grant/Award | Common Stock F1 | 1,814 | $0.00 | $0.00 |
Holdings After Transaction:
Employee Stock Option, Right to Buy — 3,368 shares (Direct);
Common Stock — 1,814 shares (Direct)
Footnotes (2)
- 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 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
Stock options granted: 3,368 shares
Option exercise price: $35.28 per share
Option expiration: August 14, 2036
+3 more
6 metrics
Stock options granted
3,368 shares
Employee Stock Option grant to Timothy Michael Brown on 2026-08-14
Option exercise price
$35.28 per share
Exercise price for 3,368 options granted 2026-08-14
Option expiration
August 14, 2036
Expiration date of 3,368 Employee Stock Options
Underlying shares for options
3,368 shares
Common Stock underlying the Employee Stock Option grant
RSUs granted
1,814 units
Restricted stock units granted on 2026-08-14, vesting over three years
Common stock holdings after RSU grant
1,814 shares
Direct holdings reported following RSU award
Key Terms
restricted stock units (RSUs), Employee Stock Option, vest, expiration date
4 terms
restricted stock units (RSUs) financial
"Reflects grant of restricted stock units (RSUs) which vest in three approximately"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
Employee Stock Option financial
"security_title": "Employee Stock Option, Right to Buy""
An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.
vest financial
"which vest in three approximately equal installments on each of the three"
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.
expiration date financial
"expiration_date": "2036-08-14""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
What equity awards did FFIN grant to EVP/CIO Timothy Michael Brown on August 14, 2026?
On August 14, 2026, FFIN granted Timothy Michael Brown 3,368 stock options at $35.28 per share and 1,814 restricted stock units (RSUs). The options expire in 2036 and both awards vest over three years in installments.
What is the exercise price and expiration date of Timothy Michael Brown’s new FFIN stock options?
Brown’s new FFIN options have an exercise price of $35.28 per share and expire on August 14, 2036. These options vest 33.33% after one year, 66.66% after two years, and 100% after three years from the grant date.
How do the newly granted FFIN RSUs to Timothy Michael Brown vest?
The 1,814 RSUs granted to Brown by FFIN vest in three approximately equal installments on each of the three anniversaries of the grant date. This creates a three-year vesting schedule tied to continued service over time.
Were the reported FFIN transactions by Timothy Michael Brown market purchases or sales?
The reported FFIN transactions are equity awards, not market purchases or sales. They consist of a grant of 3,368 stock options and 1,814 RSUs, both acquired as part of compensation arrangements, with no sale of shares disclosed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
