First Financial (FFIN) trust president exercises 490 stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FIRST FINANCIAL BANKSHARES INC Trust Company President Lon A. Biebighauser exercised employee stock options and acquired common shares in the company. He exercised options on 490 shares of common stock at $21.18 per share, converting a derivative award into directly held stock. Following this transaction, he directly owns 11,013 shares of common stock. The filing shows an option exercise with no reported open-market sale of the acquired shares, reflecting a routine compensation-related move.
Positive
- None.
Negative
- None.
Insider Trade Summary
490 shares exercised/converted
Mixed
2 txns
Insider
Biebighauser Lon A.
Role
Trust Company President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option, Right to Buy | 490 | $21.18 | $10K |
| Exercise | Common Stock | 490 | $21.18 | $10K |
Holdings After Transaction:
Employee Stock Option, Right to Buy — 0 shares (Direct, null);
Common Stock — 11,013 shares (Direct, null)
Footnotes (1)
Key Figures
Options exercised: 490 shares
Exercise price: $21.18 per share
Shares owned after: 11,013 shares
+2 more
5 metrics
Options exercised
490 shares
Employee stock options converted into common stock
Exercise price
$21.18 per share
Price for exercising employee stock options
Shares owned after
11,013 shares
Direct common stock holdings post-transaction
Option expiration
June 12, 2027
Expiration date of exercised stock options
Option exercisable since
June 12, 2023
Date from which the options were exercisable
Key Terms
Employee Stock Option, Right to Buy, Exercise or conversion of derivative security, Common Stock, derivative
4 terms
Employee Stock Option, Right to Buy financial
"security_title: "Employee Stock Option, Right to Buy""
Exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
derivative financial
"transaction_type: "derivative""
A derivative is a financial contract whose value depends on the price or performance of another asset or measure — for example a stock, index, interest rate, commodity, or currency. Investors use derivatives like insurance or leveraged bets to hedge risk, speculate, or gain exposure without owning the underlying asset; they can protect portfolios but also amplify losses and introduce counterparty and market risk.
FAQ
What did FFIN executive Lon A. Biebighauser report in this Form 4?
Lon A. Biebighauser reported exercising employee stock options to acquire 490 shares of FIRST FINANCIAL BANKSHARES INC common stock at $21.18 per share. This converts a derivative award into directly held shares, typical of equity compensation programs.
What were the key terms of the FFIN options exercised by Lon A. Biebighauser?
The options covered 490 shares of FIRST FINANCIAL BANKSHARES INC common stock at an exercise price of $21.18 per share. They were originally exercisable from June 12, 2023, and were scheduled to expire on June 12, 2027.