First Advantage (FA) CLO trades shares, RSUs vest under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FIRST ADVANTAGE CORP Chief Legal Officer Bret T. Jardine reported a mix of stock sales and equity award activity. On March 4 and 5, 2026, he sold 600 and 1,090 shares of common stock in open-market transactions at prices of $12.09 and $12.32 per share, respectively, under a Rule 10b5-1 trading plan adopted on August 8, 2025. These moves were paired with the conversion of 929 restricted stock units into common stock and a related disposition of 329 shares to cover tax withholding. Following the transactions, Jardine directly owned 7,008 shares of common stock and 1,857 restricted stock units originally granted on March 4, 2024, which vest in four equal installments beginning March 4, 2025, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,690 shares ($20,683)
Net Sell
5 txns
Insider
Jardine Bret T
Role
Chief Legal Officer
Sold
1,690 shs ($21K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 600 | $12.09 | $7K |
| Exercise | Restricted Stock Units | 929 | $0.00 | -- |
| Sale | Common Stock | 1,090 | $12.32 | $13K |
| Exercise | Common Stock | 929 | $0.00 | -- |
| Tax Withholding | Common Stock | 329 | $12.22 | $4K |
Holdings After Transaction:
Common Stock — 7,008 shares (Direct);
Restricted Stock Units — 1,857 shares (Direct)
Footnotes (1)
- Shares were sold pursuant to a Rule 10b5-1 trading plan that was adopted by the reporting person on August 8, 2025. Each restricted stock unit (RSU) represents a contingent right to receive one share of common stock. The RSUs will be settled in either common stock or cash (or a combination thereof). Represents shares withheld in connection with the vesting of RSUs to cover tax withholding obligations. Represents RSUs originally granted on March 4, 2024, which vest in four equal installments, beginning on March 4, 2025, subject to continued service through such dates.
FAQ
What insider transactions did FA Chief Legal Officer Bret Jardine report?
Bret Jardine reported open-market sales of common stock, exercises of equity awards, and tax-related share dispositions. The activity combined sales of existing shares with the conversion and vesting of restricted stock units tied to his compensation at FIRST ADVANTAGE CORP.
What restricted stock unit (RSU) activity did FA disclose for Bret Jardine?
Jardine reported 929 restricted stock units converting into common stock, each RSU representing a contingent right to one share. He also reported 329 shares withheld to cover tax obligations upon RSU vesting. The underlying RSUs were originally granted on March 4, 2024, with installment vesting.
Was Bret Jardine’s FA stock sale part of a pre-arranged 10b5-1 plan?
Yes. The filing states the shares were sold under a Rule 10b5-1 trading plan adopted by Bret Jardine on August 8, 2025. Such plans allow insiders to schedule trades in advance, providing a structured framework for selling shares over time.