First Financial (NASDAQ: FFIN) exec defers vested stock into retirement plan
Rhea-AI Filing Summary
FIRST FINANCIAL BANKSHARES INC (FFIN) reported that executive officer John James Ruzicka Jr restructured equity awards through its Supplemental Executive Retirement Plan (SERP). On August 14, 2026, 880 restricted stock units vested and, instead of receiving common stock, he received 880 deferred stock units credited to the SERP, reported as a disposition of restricted stock units and a matching acquisition of deferred stock units tied to common stock. On August 16, 2026, the same deferral mechanism applied to another 526 restricted stock units, exchanged for 526 deferred stock units under the SERP. These deferred stock units are payable upon his termination of employment. The transactions did not involve open-market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,406 shares
Net Sell
4 txns
Insider
Ruzicka John James Jr
Role
EVP, Chief Banking Ops Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units F2 | 526 | -- | -- |
| Disposition | Common Stock F2 | 526 | -- | -- |
| Grant/Award | Deferred Stock Units F1 | 880 | -- | -- |
| Disposition | Common Stock F1 | 880 | -- | -- |
Holdings After Transaction:
Deferred Stock Units — 7,243 shares (Direct);
Common Stock — 10,580 shares (Direct)
Footnotes (2)
- F1. In connection with the vesting on August 14, 2026, of 880 restricted stock units previously granted to the reporting person, the reporting person's receipt of 880 shares of common stock was deferred resulting in the reporting person's receipt instead of 880 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 880 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.
- F2. In connection with the vesting on August 16, 2026, of 526 restricted stock units previously granted to the reporting person, the reporting person's receipt of 526 shares of common stock was deferred resulting in the reporting person's receipt instead of 526 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 526 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.
Key Figures
Deferred stock units granted (SERP): 880 deferred stock units
Restricted stock units exchanged: 880 restricted stock units
Deferred stock units granted (SERP): 526 deferred stock units
+1 more
4 metrics
Deferred stock units granted (SERP)
880 deferred stock units
Deferred into the Supplemental Executive Retirement Plan on August 14, 2026 upon RSU vesting
Restricted stock units exchanged
880 restricted stock units
Disposition of RSUs in exchange for deferred stock units on August 14, 2026
Deferred stock units granted (SERP)
526 deferred stock units
Deferred into the Supplemental Executive Retirement Plan on August 16, 2026 upon RSU vesting
Restricted stock units exchanged
526 restricted stock units
Disposition of RSUs in exchange for deferred stock units on August 16, 2026
Key Terms
Deferred Stock Units, restricted stock units, Supplemental Executive Retirement Plan
3 terms
Deferred Stock Units financial
"the reporting person's receipt instead of 880 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.
restricted stock units financial
"the vesting on August 14, 2026, of 880 restricted stock units previously granted"
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.
Supplemental Executive Retirement Plan financial
"deferred stock units into the First Financial Bankshares, Inc. Supplemental Executive Retirement Plan"
FAQ
What insider equity transactions did FFIN report for John James Ruzicka Jr?
FFIN reported that executive John James Ruzicka Jr exchanged 880 and 526 restricted stock units for an equal number of deferred stock units under the company’s Supplemental Executive Retirement Plan, following vesting events on August 14 and 16, 2026.
Did the FFIN Form 4 show any open-market buying or selling of FFIN stock?
No. The Form 4 for FFIN shows no open-market purchases or sales. It reports internal equity restructuring: vested restricted stock units were deferred into deferred stock units within the Supplemental Executive Retirement Plan instead of delivering common shares.
How many FFIN restricted stock units were deferred into the SERP on August 14, 2026?
On August 14, 2026, 880 restricted stock units previously granted to the executive vested, and delivery of common stock was deferred. Instead, he received 880 deferred stock units credited to the First Financial Bankshares Supplemental Executive Retirement Plan.
What happened to FFIN equity awards on August 16, 2026 in this Form 4?
On August 16, 2026, 526 restricted stock units vested for the executive. Rather than receiving 526 common shares, he received 526 deferred stock units in the Supplemental Executive Retirement Plan, reported as a disposition of restricted stock units and an acquisition of deferred stock units.
When are the FFIN deferred stock units reported in this filing payable?
The deferred stock units credited under FFIN’s Supplemental Executive Retirement Plan are payable upon the reporting person’s termination. The Form 4 footnotes state that the deferred stock units received in these exchanges will be paid out when his employment terminates.
Were the FFIN insider transactions reported as part of a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as applicable, indicating these transactions were not reported as being effected under a Rule 10b5-1 trading plan, but instead reflect equity award vesting and deferral elections.
AI-generated analysis. How Rhea-AI works. Not financial advice.
