First Financial Bankshares Executive Compensation Details
Ticker: FFIN · Form: DEF 14A · Filed: Mar 20, 2025 · CIK: 36029
Sentiment: neutral
Topics: executive-compensation, proxy-statement, equity-awards
Related Tickers: FFIN
TL;DR
FFIN proxy shows exec comp details for 2024, focusing on equity awards and fair value changes.
AI Summary
First Financial Bankshares Inc. filed a DEF 14A on March 20, 2025, detailing executive compensation for the fiscal year ending December 31, 2024. The filing includes adjustments to compensation related to the fair value of equity awards, such as performance stock units and restricted stock units, for both executive (Peo) and non-executive (NonPeo) members. Specific figures for changes in fair value of outstanding and unvested equity awards granted in prior years are provided for the fiscal years 2021, 2022, 2023, and 2024.
Why It Matters
This filing provides transparency into how First Financial Bankshares Inc. compensates its top executives, which can influence investor decisions and perceptions of the company's governance and financial health.
Risk Assessment
Risk Level: low — This is a routine DEF 14A filing providing details on executive compensation and is not indicative of immediate financial risk.
Key Numbers
- 2024 — Fiscal Year (Executive compensation data pertains to this year.)
- 2021-2024 — Reporting Period (Includes changes in fair value of equity awards for these years.)
Key Players & Entities
- FIRST FINANCIAL BANKSHARES INC (company) — Filer
- 2024-12-31 (date) — Fiscal Year End
- 20250320 (date) — Filing Date
FAQ
What is the primary purpose of this DEF 14A filing?
The primary purpose of this DEF 14A filing is to provide detailed information regarding the executive compensation practices of First Financial Bankshares Inc. for the fiscal year ending December 31, 2024.
What types of equity awards are detailed in the filing?
The filing details compensation adjustments related to Performance Stock Units (PSUs) and Restricted Stock Units (RSUs), including changes in their fair value.
For which fiscal years are changes in the fair value of equity awards reported?
Changes in the fair value of equity awards are reported for the fiscal years 2021, 2022, 2023, and 2024.
Does the filing distinguish between executive and non-executive compensation components?
Yes, the filing distinguishes between compensation for 'Peo' (likely referring to principal executive officers) and 'NonPeo' (non-principal executive officers) members, particularly concerning equity awards.
What is the filing date and the reporting period's fiscal year end?
The filing date is March 20, 2025, and the reporting period's fiscal year end is December 31, 2024.
Filing Details
This Form DEF 14A (Form DEF 14A) was filed with the SEC on March 20, 2025 regarding FIRST FINANCIAL BANKSHARES INC (FFIN).