FIRST ADVANTAGE (NYSE: FA) CFO reports RSU vesting and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FIRST ADVANTAGE CORP Chief Financial Officer Steven Irwin Marks reported equity compensation activity involving restricted stock units and common stock. On February 28, 2026, he exercised or converted RSUs into 4,737 shares of common stock and had 1,675 shares withheld at $11.51 per share to cover tax obligations.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,737 shares exercised/converted
Mixed
7 txns
Insider
Marks Steven Irwin
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,146 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,363 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,228 | $0.00 | -- |
| Exercise | Common Stock | 1,146 | $0.00 | -- |
| Exercise | Common Stock | 1,363 | $0.00 | -- |
| Exercise | Common Stock | 2,228 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,675 | $11.51 | $19K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 32,285 shares (Direct)
Footnotes (1)
- 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). Includes shares of common stock acquired under the Employee Stock Purchase Plan of the Issuer. Represents shares withheld in connection with the vesting of RSUs to cover tax withholding obligations. Represents RSUs originally granted on March 16, 2022, which vest in four equal installments, beginning on February 28, 2023, subject to continued service through such dates. Represents RSUs originally granted on March 1, 2023, which vest in four equal installments, beginning on February 28, 2024, subject to continued service through such dates. Represents RSUs originally granted on March 4, 2024, which vest in four equal installments, beginning on February 28, 2025, subject to continued service through such dates.
FAQ
What insider transactions did FA CFO Steven Irwin Marks report on February 28, 2026?
Steven Irwin Marks reported RSU-related transactions on February 28, 2026. He exercised or converted restricted stock units into 4,737 shares of FIRST ADVANTAGE CORP common stock, then had 1,675 shares withheld to satisfy tax withholding obligations tied to those vestings.
Were the FA Form 4 transactions by Steven Irwin Marks open-market buys or sells?
The reported FA transactions were not open-market buys or sells. They reflect exercises or conversions of restricted stock units and a tax-withholding disposition, where 1,675 shares of common stock were withheld at $11.51 per share to cover related tax obligations.
What does the tax-withholding transaction on the FA Form 4 represent?
The tax-withholding transaction represents shares used to cover tax obligations from RSU vesting. Specifically, 1,675 shares of FIRST ADVANTAGE CORP common stock were withheld at $11.51 per share, rather than being sold in the open market, to satisfy required tax liabilities.
What do the FA Form 4 footnotes say about Steven Irwin Marks’ RSUs?
The footnotes explain that each RSU represents a contingent right to receive one common share, settled in stock, cash, or both. They also describe original grant dates and four-installment vesting schedules, conditioned on continued service through vesting dates for each RSU award.