Form 4: First Financial Bankshares EVP-CIO Ruzicka Reports Changes in Beneficial Ownership
SEC Form 4 Filing
John James Ruzicka Jr., EVP-CIO of First Financial Bankshares, reports the vesting and deferral of performance stock units into deferred stock units.
Summary
- On March 21, 2025, John James Ruzicka Jr., EVP-CIO of First Financial Bankshares Inc. [FFIN], reported changes in his beneficial ownership of the company's stock.
- He acquired 1,176 shares of common stock upon the vesting of performance stock units.
- Simultaneously, he disposed of 1,176 shares of common stock, deferring the receipt into 1,176 shares of deferred stock units under the First Financial Bankshares, Inc. Supplemental Executive Retirement Plan (SERP).
- Following these transactions, Mr. Ruzicka directly owns 11,946 shares of common stock and 2,226 deferred stock units.
- The deferred stock units are payable upon Mr. Ruzicka's termination of employment.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership, with no inherent positive or negative sentiment.
Future Outlook
The document does not contain any specific forward-looking statements regarding the company's future performance.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the equity holdings of key executives.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 08/16/2022 | Date of the original grant of performance stock units that vested on 03/21/2025 |
| 07/26/2022 | Effective date of the amended and restated Supplemental Executive Retirement Plan (SERP) |
| 03/21/2025 | Date of transaction: vesting of performance stock units and deferral into deferred stock units |
| 03/25/2025 | Date of signature on the Form 4 filing |
Keywords
beneficial ownership, Form 4, FFIN, First Financial Bankshares, Ruzicka, deferred stock units, performance stock units, SERP, executive compensation
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