Company: BANFP
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-030159
Chunk: 115

Company: BANCFIRST CORP /OK/
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 115
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 from the date of grant at the rate of 20% per year for five years. The RSU's are settled and distributed as of each vesting date. The fair value of each RSU granted is equal to the market price of the Company’s stock at the date of grant. The following table is a summary of the activity under the Company's RSU plan.

        Wgtd. Avg.

        Restricted

        Grant Date

        Stock Units

        Fair Value

        Year Ended December 31, 2024

        Nonvested at December 31, 2023

        32,075

        $
        87.23

        Granted

        12,250

        97.71

        Forfeited

        (1,500
        )

        83.61

        Nonvested at December 31, 2024

        42,825

        90.35

        Year Ended December 31, 2023

        Nonvested at December 31, 2022

        —

        Granted

        32,075

        $
        87.23

        Nonvested at December 31, 2023

        32,075

        87.23

      The Company has had the BancFirst Corporation Directors’ Deferred Stock Compensation Plan (the “Deferred Stock Compensation Plan”) since May 1999. As of December 31, 2024, there are 35,647 shares available for future issuance under the Deferred Stock Compensation Plan. The Deferred Stock Compensation Plan will terminate on December 31, 2030, if not extended. Under the plan, directors and members of the community advisory boards of the Company and its subsidiaries may defer up to 100% of their board fees. They are credited for each deferral with a number of stock units based on the current market price of the Company’s stock, which accumulate in an account until such time as the director or community board member terminates serving as a board member. Shares of common stock of the Company are then distributed to the terminating director or community board member based upon the number of stock units accumulated in his or her account. There were 7,031 and 18,136 shares of common stock distributed from the Deferred Stock Compensation Plan during the years ended December 31, 2024 and 2023, respectively.A summary of the accumulated stock units is as follows:  

        December 31,

        2024