First Financial (FFIN) EVP receives RSUs and options; 26,319 shares held

Rhea-AI Filing Summary

Insider activity at First Financial Bankshares (FFIN): J. Kyle McVey, EVP and Chief Accounting Officer, received a grant of 1,715 restricted stock units (RSUs) on 08/14/2025 that vest in three approximately equal annual installments. On the same date he was also granted an employee stock option to buy 5,762 shares at an exercise price of $36.43, exercisable through 08/14/2035 with staged vesting over three years. Additionally, Mr. McVey elected to have the company withhold 127 shares to cover taxes related to prior RSU vesting. After these transactions he directly beneficially owns 26,319 shares.

Insights

Securities Analyst

TL;DR: Officer received retention-focused equity awards; transactions are routine and not immediately dilutive to market value.

The grant of 1,715 RSUs and a stock option for 5,762 shares to the EVP/CFO-level officer is consistent with executive compensation designed to retain management through multi-year vesting. The withholding of 127 shares to satisfy tax obligations is an administrative step tied to prior RSU vesting. These items are standard remuneration events and do not represent open-market buying or selling by the officer. For investors, the disclosure signals management alignment with shareholder interests via equity-based pay, but it is a routine Section 16 filing rather than a material corporate event.

Corporate Governance Specialist

TL;DR: Equity awards with multi-year vesting indicate retention incentives; no red flags in governance or unusual transactions.

The structure—RSUs vesting over three anniversaries and options vesting 33.33%/66.66%/100% across three years—aligns executive incentives with long-term performance. The exercise price for the option matches the disclosed $36.43 price and expiration is 10 years out, which is typical. The report was timely and signed by an attorney-in-fact, suggesting proper procedural handling. From a governance perspective, this filing documents standard compensation mechanics rather than signaling governance concerns.

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

OMB Number:			3235-0287
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hours per response:			0.5

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)
08/14/2025

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	08/14/2025		A		1,715(1)	A	$0	26,319	D
Common Stock	08/14/2025		F		127(2)	D	$36.43	26,192	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
Employee Stock Option, Right to Buy	$36.43	08/14/2025		A		5,762		(3)	08/14/2035	Common Stock	5,762	$36.43	5,762	D

Explanation of Responses:

1. Reflects grant of restricted stock units (RSUs) which vest in three approximately equal installments on each of the three anniversaries of the grant date.

2. 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 127 shares of the Registrant's common stock to pay income taxes related to vesting of previously granted restricted stock units.

3. The options vest 33.33% after one year from the grant date, 66.66% after the second year, and 100% after the third year.

	By: Michelle S. Hickox Attorney in Fact for J. Kyle McVey	08/18/2025
	** 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 equity awards did J. Kyle McVey receive on 08/14/2025 for FFIN?

He received 1,715 restricted stock units (RSUs) and an employee stock option for 5,762 shares with a $36.43 exercise price.

How do the RSUs and options vest for the FFIN filing?

The RSUs vest in three approximately equal annual installments; the options vest 33.33% after one year, 66.66% after two years, and 100% after three years.

Did the reporting person sell any shares in this Form 4 for FFIN?

No open-market sales are reported; the filing shows a tax withholding of 127 shares to cover income taxes related to prior RSU vesting.

How many FFIN shares does the reporting person beneficially own after these transactions?

The filing reports beneficial ownership of 26,319 shares following the reported transactions.

What is the expiration date of the stock option granted in this Form 4?

The employee stock option expires on 08/14/2035.