0001209191-23-046587.txt : 20230818
0001209191-23-046587.hdr.sgml : 20230818
20230818165400
ACCESSION NUMBER: 0001209191-23-046587
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230816
FILED AS OF DATE: 20230818
DATE AS OF CHANGE: 20230818
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Thaxton Kirk W
CENTRAL INDEX KEY: 0001657071
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-07674
FILM NUMBER: 231186493
MAIL ADDRESS:
STREET 1: P O BOX 701
CITY: ABILENE
STATE: TX
ZIP: 79604
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: FIRST FINANCIAL BANKSHARES INC
CENTRAL INDEX KEY: 0000036029
STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022]
IRS NUMBER: 750944023
STATE OF INCORPORATION: TX
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 400 PINE STREET
CITY: ABILENE
STATE: TX
ZIP: 79601
BUSINESS PHONE: 325.627.7167
MAIL ADDRESS:
STREET 1: P.O. BOX 701
CITY: ABILENE
STATE: TX
ZIP: 79604
4
1
doc4.xml
FORM 4 SUBMISSION
X0508
4
2023-08-16
0
0000036029
FIRST FINANCIAL BANKSHARES INC
FFIN
0001657071
Thaxton Kirk W
P O BOX 701
ABILENE
TX
79604
0
1
0
0
Trust Company CEO
0
Common Stock
2023-08-16
4
F
0
98
29.53
D
89934
D
Common Stock
2023-08-16
4
A
0
2822
0.00
A
92756
D
Common Stock
2023-08-16
4
D
0
427
D
92329
D
Common Stock
330
I
By Spouse
Employee Stock Option, Right to Buy
29.53
2023-08-16
4
A
0
9923
0.00
A
2033-08-16
Common Stock
9923
9923
D
Deferred Stock Units
2023-08-16
4
A
0
427
A
Common Stock
427
427
D
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 98 shares of the Registrant's common stock to pay income taxes related to vesting of previously granted restricted stock units.
Reflects grant of restricted stock units (RSUs) which vest in three approximately equal installments on each of the three anniversaries of the grant date.
In connection with the vesting on August 16, 2023, of 427 restricted stock units previously granted to Mr. Thaxton on August 16, 2022, Mr. Thaxton's receipt of 427 shares of common stock was deferred resulting in Mr. Thaxton's receipt instead of 427 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. Thaxton is therefore reporting the disposition of 427 restricted stock units in exchange for an equal number of shares of deferred stock units under the SERP, which are payable upon Mr. Thaxton's termination of employment.
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
Kirk W. Thaxton
2023-08-18