First Financial Bankshares (FFIN) grants CEO new equity awards

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.

Insider Trade Summary

Net Buyer: 5,473 shares

Net Buy 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 shares (Direct); Deferred Stock Units — 9,045 shares (Direct); Common Stock — 28,845 shares (Direct)

Footnotes (4)

1. 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.
2. 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.
3. 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.
4. 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

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.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/18/2026 - 05:11 PM Accepted by SEC EDGAR 08/18/2026 - 05:10 PM Learn about SEC filing dates

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^*

Bailey David William

(Last) (First) (Middle)

P O BOX 701

(Street)

ABILENE TEXAS 79604

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/14/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/14/2026		A		7,937(1)	A	$0	31,309	D
Common Stock	08/14/2026		D		1,825(2)	D	(2)	29,484	D
Common Stock	08/16/2026		D		639(3)	D	(3)	28,845	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option, Right to Buy	$35.28	08/14/2026		A		14,737		(4)	08/14/2036	Common Stock	14,737	$35.28	14,737	D
Deferred Stock Units	(2)	08/14/2026		A		1,825		(2)	(2)	Common Stock	1,825	(2)	8,406	D
Deferred Stock Units	(3)	08/16/2026		A		639		(3)	(3)	Common Stock	639	(3)	9,045	D

Explanation of Responses:

1. Reflects grant of restricted stock units (RSUs) which vest in three approximately equal installments on each of the three anniversaries of the grant date.

2. 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.

3. 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.

4. The options vest 33.33% after one year from the grant date, 66.66% after the second year, and 100% after the third year.

	By: Michelle S. Hickox Attorney in Fact for David W. Bailey	08/18/2026
	** 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)