Longhofer T. Luke 4
4 · FIRST FINANCIAL BANKSHARES INC · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
First Financial (FFIN) EVP T. Longhofer Receives 3,216-Share Award
What Happened T. Luke Longhofer, Executive Vice President and Chief Credit Officer of First Financial Bankshares, reported that 3,216 performance stock units vested on March 13, 2026. The filing shows a vesting/award and an immediate disposition of those 3,216 performance stock units in exchange for 3,216 deferred stock units credited to the company's Supplemental Executive Retirement Plan (SERP). No cash sale or open-market transaction occurred and no per-share price or cash value was reported (N/A).
Key Details
- Transaction date: 2026-03-13; Form 4 filed 2026-03-17 (timely within required reporting window).
- Reported entries: award/acquisition of 3,216 shares (PSUs), disposition of 3,216 PSUs, and award/acquisition of 3,216 deferred stock units (derivative).
- Price/value: N/A in the filing (no cash proceeds or open-market sale).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes: F1 — shares arose from vesting of performance stock units subject to non-stock-price performance criteria. F2 — the vested PSUs were deferred into 3,216 deferred stock units under the SERP, payable upon termination of employment.
Context This transaction reflects vesting and conversion of performance-based equity into a deferred retirement arrangement rather than a market purchase or sale. Because the units were deferred into the SERP and are payable upon termination, this is not a liquidity event and does not indicate an immediate change in the insider’s market exposure to the company’s common stock.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-13+3,216→ 44,186 total - Disposition to Issuer
Common Stock
[F2]2026-03-13−3,216→ 40,970 total - Award
Deferred Stock Units
[F2]2026-03-13+3,216→ 8,061 total→ Common Stock (3,216 underlying)
Footnotes (2)
- [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, 2023, Mr. Longhofer's receipt of 3,216 shares of common stock was deferred resulting in Mr. Longhofer's receipt instead of 3,216 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. Longhofer is therefore reporting the disposition of 3,216 performance stock units in exchange for an equal number of shares of deferred stock units under the SERP, which are payable upon Mr. Longhofer's termination of employment.