Is the 2,142-share award to FFIN director Michael B. Denny an open-market purchase?

No. The 2,142 shares are a restricted stock grant awarded at a price of $0.0000 per share. This indicates compensation in stock form, not a purchase on the open market, and therefore does not represent a cash outlay by the reporting person.

Director Michael B. Denny receives 2,142 FFIN shares via partnership award

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Denny Michael B. reported acquisition or exercise transactions in this Form 4 filing.

FIRST FINANCIAL BANKSHARES INC director Michael B. Denny reported an indirect award of 2,142 shares of common stock. This is a restricted stock grant that will vest in a single installment on April 27, 2027.

The shares are owned by a limited partnership in which Denny and his spouse are beneficial owners. After this grant, the partnership holds a total of 110,850 shares of the company’s common stock. The award was granted at no cash cost per share, reflecting stock-based compensation rather than an open-market purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Denny Michael B.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,142	$0.00	--

Holdings After Transaction: Common Stock — 110,850 shares (Indirect, By Limited Partnership)

Footnotes (1)

This amount represents a restricted stock grant that vests in a single installment on April 27, 2027. This indirect ownership represents shares owned by a limited partnership of which the reporting person and his spouse are beneficial owners of the common stock owned by the limited partnership.

Key Figures

Restricted stock grant: 2,142 shares Grant price per share: $0.0000 per share Total indirect holdings: 110,850 shares +1 more

4 metrics

Restricted stock grant 2,142 shares Award of common stock classified as grant/award acquisition

Grant price per share $0.0000 per share Indicates non-cash stock-based compensation

Total indirect holdings 110,850 shares Shares held by limited partnership after the grant

Vesting date April 27, 2027 Restricted stock vests in a single installment

Key Terms

restricted stock grant, indirect ownership, limited partnership, beneficial owners, +1 more

5 terms

restricted stock grant financial

"This amount represents a restricted stock grant that vests in a single installment"

A restricted stock grant is an award of company shares given to an employee or executive that cannot be sold or transferred until certain conditions are met, such as staying with the company for a set time or hitting performance goals. For investors, it signals how the company ties pay to future performance and can affect the number of shares outstanding and management’s incentives—think of it as a wrapped gift you only keep once you meet the requirements.

indirect ownership financial

"This indirect ownership represents shares owned by a limited partnership"

limited partnership financial

"shares owned by a limited partnership of which the reporting person and his spouse are beneficial owners"

A limited partnership is a legal business structure with two types of partners: at least one general partner who runs the business and bears full legal responsibility, and one or more limited partners who contribute money, share profits, and have liability capped at their investment. For investors, it matters because it separates control from financial exposure — like putting money into a store without managing it — and affects how returns, risks, taxes and transferability of ownership are handled.

beneficial owners financial

"the reporting person and his spouse are beneficial owners of the common stock"

Beneficial owners are the people or entities that actually enjoy the economic benefits and control of shares or other assets, even when legal title is held by someone else such as a broker, custodian or trustee. Investors pay attention because beneficial owners hold the real voting power, receive dividends and can influence strategy and takeover outcomes — like the driver of a car who uses and maintains it while the bank holds the title — so disclosure shows who truly controls and benefits.

grant, award, or other acquisition financial

"transaction code description: Grant, award, or other acquisition"

Form 4 Insider Transactions: What Each Field Means →

04/30/2026 - 09:41 AM

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
Estimated average burden
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^*

Denny Michael B.

(Last)

(First)

(Middle)

1202 ELMWOOD DR

(Street)

ABILENE

TEXAS

79605

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
FIRST FINANCIAL BANKSHARES INC [ FFIN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/28/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/28/2026		A		2,142⁽¹⁾	A	$0.00	110,850	I	By Limited Partnership⁽²⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. This amount represents a restricted stock grant that vests in a single installment on April 27, 2027.

2. This indirect ownership represents shares owned by a limited partnership of which the reporting person and his spouse are beneficial owners of the common stock owned by the limited partnership.

	Michelle S. Hickox Attorney in Fact for Michael B. Denny	04/30/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did FIRST FINANCIAL BANKSHARES (FFIN) director Michael B. Denny report?

Director Michael B. Denny reported receiving an indirect award of 2,142 shares of FIRST FINANCIAL BANKSHARES common stock. The filing classifies this as a grant or award acquisition, meaning it is stock-based compensation rather than an open-market transaction for cash.

When do the restricted shares awarded to FFIN director Michael B. Denny vest?

The restricted stock grant received by Michael B. Denny vests in a single installment on April 27, 2027. Until that vesting date, the award remains subject to the company’s vesting conditions as described in the Form 4 footnote.

How many FIRST FINANCIAL BANKSHARES shares does the limited partnership hold after this grant?

Following the 2,142-share restricted stock grant, the limited partnership associated with Michael B. Denny holds 110,850 shares of FIRST FINANCIAL BANKSHARES common stock. These holdings are reported as indirect ownership on behalf of the partnership.

How is Michael B. Denny’s ownership in FFIN characterized in this Form 4 filing?

The Form 4 shows indirect ownership through a limited partnership. A footnote explains that Michael B. Denny and his spouse are beneficial owners of the common stock held by the partnership, so the shares are attributed to him on an indirect basis.