secwatch.observer — SEC 8-K summary
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Issuer:     FIRST FINANCIAL BANKSHARES INC (FFIN)
CIK:        0000036029
Form:       8-K
Filed at:   2021-11-01T23:59:59+00:00
Accession:  0001193125-21-315554
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Financial Bankshares amends SERP to allow elective deferral of salary, bonus, RSUs
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- Participants can now defer up to 25% of base salary and up to 100% of bonus under amended SERP effective Jan 1, 2022.
- Participants may also elect to defer settlement of restricted stock units (RSUs) into the plan.
- Previously, participants only received discretionary company contributions; now they can make elective deferrals.
- The amendment covers named executive officers and other key senior management selected by the Compensation Committee.
- All unvested amounts become fully vested upon death, disability, or change of control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36029/000119312521315554/0001193125-21-315554-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36029/000119312521315554/d254094d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-315554

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