First Financial CEO granted 14,737 stock options
FIRST FINANCIAL BANKSHARES INC (FFIN) reported multiple equity compensation transactions for President and CEO David William Bailey.
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Form Type
4
Rhea-AI Filing Summary
FIRST FINANCIAL BANKSHARES INC (FFIN) reported multiple equity compensation transactions for President and CEO David William Bailey. On August 14, 2026 he received 7,937 restricted stock units and an option for 14,737 shares of common stock at an exercise price of $35.28 per share, expiring August 14, 2036. On August 14 and 16, 2026, vested RSUs for 1,825 and 639 shares were exchanged for an equal number of deferred stock units credited to the company’s Supplemental Executive Retirement Plan, payable upon his termination.
Insights
Analyzing...
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Bailey David William
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units F3 | 639 | -- | -- |
| Disposition | Common Stock F3 | 639 | -- | -- |
| Grant/Award | Employee Stock Option, Right to Buy F4 | 14,737 | $35.28 | $520K |
| Grant/Award | Deferred Stock Units F2 | 1,825 | -- | -- |
| Grant/Award | Common Stock F1 | 7,937 | $0.00 | $0.00 |
| Disposition | Common Stock F2 | 1,825 | -- | -- |
Holdings After Transaction:
Employee Stock Option, Right to Buy — 14,737 contracts (Direct);
Deferred Stock Units — 9,045 contracts (Direct);
Common Stock — 28,845 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 1,825 restricted stock units previously granted to the reporting person, the reporting person's receipt of 1,825 shares of common stock was deferred resulting in the reporting person's receipt instead of 1,825 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 1,825 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 639 restricted stock units previously granted to the reporting person, the reporting person's receipt of 639 shares of common stock was deferred resulting in the reporting person's receipt instead of 639 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 639 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
RSUs Granted: 7,937 shares
Stock Options Granted: 14,737 shares
Option Exercise Price: $35.28 per share
+3 more
6 metrics
RSUs Granted
7,937 shares
Restricted stock units granted to CEO on August 14, 2026
Stock Options Granted
14,737 shares
Employee stock option granted on August 14, 2026
Option Exercise Price
$35.28 per share
Exercise price of employee stock option granted August 14, 2026
Option Expiration
August 14, 2036
Expiration date of employee stock option
RSUs Deferred to DSUs (Aug 14, 2026)
1,825 units
RSUs exchanged for deferred stock units under SERP
RSUs Deferred to DSUs (Aug 16, 2026)
639 units
RSUs exchanged for deferred stock units under SERP
Key Terms
restricted stock units, Deferred Stock Units, Supplemental Executive Retirement Plan, Employee Stock Option
4 terms
restricted stock units financial
"Reflects grant of restricted stock units (RSUs) which vest in three approximately equal"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Deferred Stock Units financial
"the reporting person's receipt instead of 1,825 shares of deferred stock units into the"
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
"security_title": "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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did FFIN grant to CEO David William Bailey on August 14, 2026?
FFIN granted David William Bailey 7,937 restricted stock units and an employee stock option for 14,737 shares of common stock on August 14, 2026, as reported in the Form 4.
What is the exercise price and expiration date of David William Bailey’s new FFIN stock options?
The employee stock option covers 14,737 shares of FFIN common stock at an exercise price of $35.28 per share and expires on August 14, 2036, with vesting over three years.
How do the new stock options for FFIN’s CEO vest over time?
The options vest 33.33% after one year from the grant date, 66.66% after the second year, and 100% after the third year, according to the Form 4 footnote.
What happened to the 1,825 vested RSUs for FFIN’s CEO on August 14, 2026?
Upon vesting on August 14, 2026, 1,825 restricted stock units were exchanged for 1,825 deferred stock units credited to the Supplemental Executive Retirement Plan, payable upon David William Bailey’s termination.
What is the treatment of the 639 vested RSUs for FFIN’s CEO on August 16, 2026?
On August 16, 2026, 639 restricted stock units that vested were exchanged for 639 deferred stock units under FFIN’s Supplemental Executive Retirement Plan instead of immediate delivery of common shares.
What is the SERP referenced in the FFIN Form 4 for David William Bailey?
The SERP is the First Financial Bankshares, Inc. Supplemental Executive Retirement Plan, under which vested RSUs can be converted into deferred stock units, with those units payable upon the reporting person’s termination.
AI-generated analysis. How Rhea-AI works. Not financial advice.
