First Financial (NASDAQ: FFIN) grants EVP stock options and RSUs
Rhea-AI Filing Summary
For FIRST FINANCIAL BANKSHARES INC (FFIN), EVP and Chief Credit Officer T. Luke Longhofer reported several equity compensation-related transactions. On August 14, 2026, he received 3,061 shares of common stock as a restricted stock unit (RSU) grant and 1,519 Deferred Stock Units (DSUs) tied to common stock, while 1,519 RSUs were exchanged for an equal number of DSUs under the company’s Supplemental Executive Retirement Plan (SERP), payable upon his termination.
He was also granted an employee stock option for 5,684 shares at an exercise price of $35.28 per share, expiring on August 14, 2036, vesting in roughly one-third increments over three years. On August 16, 2026, an additional 714 DSUs were credited and 714 RSUs were exchanged for DSUs under the SERP, again reflecting deferral of share receipt rather than an open-market sale.
Positive
- None.
Negative
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Insider Trade Summary
Net Buyer: 828 shares
Net Buy
6 txns
Insider
Longhofer T. Luke
Role
EVP - Chief Credit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units F3 | 714 | -- | -- |
| Disposition | Common Stock F3 | 714 | -- | -- |
| Grant/Award | Employee Stock Option, Right to Buy F4 | 5,684 | $35.28 | $201K |
| Grant/Award | Deferred Stock Units F2 | 1,519 | -- | -- |
| Grant/Award | Common Stock F1 | 3,061 | $0.00 | $0.00 |
| Disposition | Common Stock F2 | 1,519 | -- | -- |
Holdings After Transaction:
Employee Stock Option, Right to Buy — 5,684 shares (Direct);
Deferred Stock Units — 10,294 shares (Direct);
Common Stock — 41,798 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. In connection with the vesting on August 14, 2026, of 1,519 restricted stock units previously granted to the reporting person, the reporting person's receipt of 1,519 shares of common stock was deferred resulting in the reporting person's receipt instead of 1,519 shares of deferred stock units into the First Financial Bankshares, Inc. Supplemental Executive Retirement Plan, as amended and restated effected July 26, 2022 (the "SERP"). The reporting person is therefore reporting the disposition of 1,519 restricted stock units in exchange for an equal number of deferred stock units under the SERP, which are payable upon the reporting person's termination.
- F3. In connection with the vesting on August 16, 2026, of 714 restricted stock units previously granted to the reporting person, the reporting person's receipt of 714 shares of common stock was deferred resulting in the reporting person's receipt instead of 714 shares of deferred stock units into the First Financial Bankshares, Inc. Supplemental Executive Retirement Plan, as amended and restated effected July 26, 2022 (the "SERP"). The reporting person is therefore reporting the disposition of 714 restricted stock units in exchange for an equal number of deferred stock units under the SERP, which are payable upon the reporting person's termination.
- 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
Common stock RSU grant: 3,061 shares
Deferred Stock Units (Aug 14, 2026): 1,519 units
Deferred Stock Units (Aug 16, 2026): 714 units
+5 more
8 metrics
Common stock RSU grant
3,061 shares
Restricted stock units granted on August 14, 2026 that convert into common stock
Deferred Stock Units (Aug 14, 2026)
1,519 units
Deferred Stock Units credited under the SERP in exchange for vested RSUs
Deferred Stock Units (Aug 16, 2026)
714 units
Deferred Stock Units credited under the SERP in exchange for vested RSUs
Stock option grant size
5,684 shares
Employee stock option for common stock granted August 14, 2026
Stock option exercise price
$35.28 per share
Exercise price for the 5,684-share employee stock option
Stock option expiration
August 14, 2036
Expiration date of the employee stock option grant
RSUs exchanged for DSUs (Aug 14, 2026)
1,519 units
Vested RSUs exchanged for an equal number of DSUs under the SERP
RSUs exchanged for DSUs (Aug 16, 2026)
714 units
Vested RSUs exchanged for an equal number of DSUs under the SERP
Key Terms
restricted stock units (RSUs), Deferred Stock Units, Supplemental Executive Retirement Plan, Employee Stock Option, +1 more
5 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.
Deferred Stock Units financial
"the reporting person's receipt instead of 1,519 shares of deferred stock units into"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
Supplemental Executive Retirement Plan financial
"deferred stock units into the First Financial Bankshares, Inc. Supplemental Executive Retirement Plan"
Employee Stock Option financial
"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.
vesting financial
"The options vest 33.33% after one year from the grant date"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What equity grants did FFIN executive T. Luke Longhofer receive on August 14, 2026?
On August 14, 2026, Longhofer received 3,061 shares of FFIN common stock from an RSU grant and 1,519 Deferred Stock Units tied to common stock, as well as an employee stock option for 5,684 shares at $35.28 per share.
What stock option was granted to the FFIN EVP and Chief Credit Officer?
Longhofer was granted an employee stock option for 5,684 shares of FFIN common stock at an exercise price of $35.28 per share. The option vests 33.33% after one year, 66.66% after two years, and 100% after three years, and expires on August 14, 2036.
How many Deferred Stock Units did the FFIN executive receive under the SERP?
Longhofer received 1,519 Deferred Stock Units on August 14, 2026 and 714 Deferred Stock Units on August 16, 2026. These DSUs were credited to the FFIN Supplemental Executive Retirement Plan and are payable upon his termination.
Were any of T. Luke Longhofer’s FFIN RSUs converted into Deferred Stock Units?
Yes. On August 14, 2026, 1,519 RSUs vested and were exchanged for 1,519 Deferred Stock Units, and on August 16, 2026, 714 RSUs vested and were exchanged for 714 Deferred Stock Units. Both exchanges reflect deferral of share receipt into the SERP.
Does this FFIN Form 4 show any open-market purchases or sales by the executive?
The reported transactions involve grants of common stock, Deferred Stock Units, and stock options, plus exchanges of vested RSUs for DSUs under the SERP. There is no indication of open-market purchases or sales in these entries.
When will the Deferred Stock Units reported for FFIN’s executive be paid out?
The Deferred Stock Units credited to Longhofer’s account under the First Financial Bankshares, Inc. Supplemental Executive Retirement Plan are payable upon the reporting person’s termination, according to the footnotes describing the SERP.
AI-generated analysis. How Rhea-AI works. Not financial advice.
