Director Copeland (FFIN) receives 2,142-share restricted stock grant and updates holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
COPELAND DAVID L reported acquisition or exercise transactions in this Form 4 filing.
FIRST FINANCIAL BANKSHARES INC director David L. Copeland received a grant of 2,142 shares of common stock as a restricted stock award. The shares were granted at no cash cost and vest in a single installment on April 27, 2027.
After this award, Copeland directly holds 47,565 shares of common stock. Separately, 241,336 shares are held indirectly through trusts where he serves as trustee or co-trustee, and he disclaims beneficial ownership of those trust-held shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
COPELAND DAVID L
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,142 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 47,565 shares (Direct, null);
Common Stock — 241,336 shares (Indirect, By Trust, as Custodian or Sole Manager)
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 trusts in which Mr. Copeland is trustee or co-trustee. Mr. Copeland disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Mr. Copeland is the beneficial owner of such securities for purposes of Section 16 or any other purpose.
Key Figures
Restricted stock grant: 2,142 shares
Grant vesting date: April 27, 2027
Direct holdings after grant: 47,565 shares
+3 more
6 metrics
Restricted stock grant
2,142 shares
Common Stock award coded as grant/award acquisition
Grant vesting date
April 27, 2027
Restricted stock vests in a single installment
Direct holdings after grant
47,565 shares
Common Stock directly owned by David L. Copeland
Indirect trust holdings
241,336 shares
Held by trusts where Copeland is trustee or co-trustee; disclaimed
Grant price per share
0.0000
Reported transaction price for restricted stock grant
Transaction code
A
Classified as grant, award, or other acquisition
Key Terms
restricted stock grant, trustee or co-trustee, disclaims beneficial ownership, Section 16, +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.
trustee or co-trustee financial
"shares owned by trusts in which Mr. Copeland is trustee or co-trustee"
disclaims beneficial ownership financial
"Mr. Copeland disclaims beneficial ownership of these securities"
Section 16 regulatory
"beneficial owner of such securities for purposes of Section 16 or any other purpose"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
grant, award, or other acquisition financial
"transaction_action": "grant/award acquisition""
