Longhofer T. Luke sold FFIN
March 21, 2025 · Form 4 insider transaction
Longhofer T. Luke sold 1,632 shares of First Financial Bankshares, Inc., a transaction worth N/A. The trade was recorded as disposition to the issuer and disclosed on an SEC Form 4, filed 4 days after the transaction.
Footnotes
In connection with the vesting of performance stock units previously granted on August 16, 2022, Mr. Longhofer's receipt of 1,632 shares of common stock was deferred resulting in Mr. Longhofer's receipt instead of 1,632 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 1,632 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.