Ronald D. Butler II - Mar 21, 2025 Form 4 Insider Report for FIRST FINANCIAL BANKSHARES INC (FFIN)

Role: CAO
Signature: By: Michelle S. Hickox Attorney in Fact for Ronald D. Butler II
Stock symbol: FFIN
Transactions as of: Mar 21, 2025
Transactions value $: $0
Form type: 4
Date filed: 3/25/2025, 04:34 PM
Previous filing: Nov 12, 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FFIN	Common Stock	Award		+2.54K	+1.57%		164K	Mar 21, 2025	Direct	F1
transaction	FFIN	Common Stock	Disposed to Issuer		-2.54K	-1.55%		162K	Mar 21, 2025	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	FFIN	Deferred Stock Units	Award		+2.54K	+102.29%		5.03K	Mar 21, 2025	Common Stock	2.54K		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares of common stock issued upon the vesting of outstanding performance stock units that were subject to performance criteria other than the issuer's stock price.
F2	In connection with the vesting of performance stock units previously granted on August 16, 2022, Mr. Butler's receipt of 2,542 shares of common stock was deferred resulting in Mr. Butler's receipt instead of 2,542 shares of deferred stock units into the First Financial Bankshares, Inc. Supplemental Executive Retirement Plan, as amended and restated effective July 26, 2022 (the "SERP"). Mr. Butler is therefore reporting the disposition of 2,542 performance stock units in exchange for an equal number of shares of deferred stock units under the SERP, which are payable upon Mr. Butler's termination of employment.

Content

Represents shares of common stock issued upon the vesting of outstanding performance stock units that were subject to performance criteria other than the issuer's stock price.

In connection with the vesting of performance stock units previously granted on August 16, 2022, Mr. Butler's receipt of 2,542 shares of common stock was deferred resulting in Mr. Butler's receipt instead of 2,542 shares of deferred stock units into the First Financial Bankshares, Inc. Supplemental Executive Retirement Plan, as amended and restated effective July 26, 2022 (the "SERP"). Mr. Butler is therefore reporting the disposition of 2,542 performance stock units in exchange for an equal number of shares of deferred stock units under the SERP, which are payable upon Mr. Butler's termination of employment.