First Financial Bankshares (FFIN) chief gets awards, gifts 570 shares
Rhea-AI Filing Summary
FIRST FINANCIAL BANKSHARES INC (FFIN) reported insider equity compensation and related share transfers for Lon A. Biebighauser, Trust Company President. He received 1,429 restricted stock units that vest in three annual installments and an employee stock option for 2,653 shares at $35.28 per share, vesting over three years and expiring in 2036. On the same date, 94 shares were withheld to pay income taxes on vesting of previously granted RSUs. Separately, he made a bona fide gift of 570 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 765 shares
Net Buy
4 txns
Insider
Biebighauser Lon A.
Role
Trust Company President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 570 | $0.00 | $0.00 |
| Grant/Award | Employee Stock Option, Right to Buy F3 | 2,653 | $35.28 | $94K |
| Grant/Award | Common Stock F1 | 1,429 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 94 | $35.28 | $3K |
Holdings After Transaction:
Employee Stock Option, Right to Buy — 2,653 shares (Direct);
Common Stock — 11,778 shares (Direct)
Footnotes (3)
- 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. The reporting person elected, in accordance with the Registrant's 2021 Omnibus Stock and Incentive Plan, to exercise his right to have the Registrant withhold 94 shares of the Registrant's common stock to pay income taxes related to vesting of previously granted restricted stock units.
- F3. 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: 1,429 shares
Options granted: 2,653 shares
Option exercise price: $35.28 per share
+3 more
6 metrics
RSUs granted
1,429 shares
Restricted stock units granted to Lon A. Biebighauser on 2026-08-14
Options granted
2,653 shares
Employee stock option covering common stock granted on 2026-08-14
Option exercise price
$35.28 per share
Conversion or exercise price of employee stock option
Option expiration
2036-08-14
Expiration date of employee stock option grant
Shares withheld for taxes
94 shares
Shares withheld to pay income taxes on vesting of previously granted RSUs
Gifted shares
570 shares
Bona fide gift of common stock reported on 2026-08-17
Key Terms
restricted stock units (RSUs), bona fide gift, 2021 Omnibus Stock and Incentive Plan, employee stock option
4 terms
restricted stock units (RSUs) financial
"Reflects grant of restricted stock units (RSUs) which vest in three approximately equal"
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.
bona fide gift financial
"transaction_code_description": "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
2021 Omnibus Stock and Incentive Plan financial
"in accordance with the Registrant's 2021 Omnibus Stock and Incentive Plan, to exercise"
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 are the vesting terms of the new RSUs reported by FFIN?
The 1,429 RSUs granted to Lon A. Biebighauser vest in three approximately equal installments on each of the three anniversaries of the grant date. This structure links full share delivery to three years of continued employment.
What are the terms of the new stock options granted at FFIN?
The employee stock option covers 2,653 shares of FFIN common stock at an exercise price of $35.28 per share. It vests 33.33% after one year, 66.66% after two years, and 100% after three years, and expires on August 14, 2036.
What gift transaction did the FFIN insider report?
Lon A. Biebighauser reported a bona fide gift of 570 shares of FFIN common stock. The transaction was coded as a gift, with no sale price reported, indicating a transfer without consideration to the recipient.
Does the Form 4 for FFIN show any market purchases or sales by the insider?
No market purchases or open-market sales are reported. The filing shows equity awards, a tax-related share withholding of 94 shares, and a bona fide gift of 570 shares, but no transactions coded as purchases or sales.
AI-generated analysis. How Rhea-AI works. Not financial advice.
