First Advantage president vests 16,498 RSUs
FIRST ADVANTAGE CORP’s president had RSUs vest into common stock, with a portion of shares withheld to satisfy tax obligations.
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Form Type
4
Rhea-AI Filing Summary
FIRST ADVANTAGE CORP (FA) reported that President Joelle M. Smith exercised 16,498 Restricted Stock Units on September 16, 2026, receiving the same number of common shares. In a related transaction, 6,554 shares of common stock were withheld at $21.56 per share to cover tax withholding obligations, and Smith continues to hold 32,996 RSUs directly.
Insider Trade Summary
16,498 shares exercised/converted
Exercise
3 txns
Insider
Smith Joelle M
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F3 | 16,498 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 16,498 | -- | -- |
| Tax Withholding | Common Stock F2 | 6,554 | $21.56 | $141K |
Holdings After Transaction:
Restricted Stock Units — 32,996 contracts (Direct);
Common Stock — 47,268 shares (Direct)
Holdings Before and After:
Restricted Stock Units, 49,494 to 32,996 contracts (Direct);
Common Stock, 37,324 to 47,268 shares (Direct)
Footnotes (3)
- F1. 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).
- F2. Represents shares withheld in connection with the vesting of RSUs to cover tax withholding obligations.
- F3. Represents RSUs originally granted on September 16, 2024, which vest in four equal installments, beginning on September 16, 2025, subject to continued service through such dates.
Key Figures
RSUs exercised: 16,498 units
Common shares acquired: 16,498 shares
Shares withheld for taxes: 6,554 shares
+4 more
7 metrics
RSUs exercised
16,498 units
Restricted Stock Units converted into common stock on September 16, 2026
Common shares acquired
16,498 shares
Shares of FIRST ADVANTAGE CORP common stock received from RSU exercise
Shares withheld for taxes
6,554 shares
Common stock withheld to cover tax withholding obligations on vesting
Withholding price
$21.56 per share
Price applied to the 6,554 withheld shares for tax withholding
RSUs remaining after transaction
32,996 units
Directly held Restricted Stock Units following the reported exercise
Original RSU grant date
September 16, 2024
Grant date for RSUs that vest in four equal installments
Vesting schedule
4 equal installments
Installments beginning on September 16, 2025, subject to continued service
Key Terms
Restricted Stock Units, contingent right, tax withholding obligations, vest, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit (RSU) represents a contingent right to receive"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"represents a contingent right to receive one share of common stock"
tax withholding obligations financial
"shares withheld in connection with the vesting of RSUs to cover tax withholding obligations"
vest financial
"RSUs originally granted on September 16, 2024, which vest in four equal installments"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
continued service financial
"vest in four equal installments, beginning on September 16, 2025, subject to continued service"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider equity transaction did FIRST ADVANTAGE CORP (FA) report for Joelle M. Smith?
FIRST ADVANTAGE CORP reported that President Joelle M. Smith exercised 16,498 Restricted Stock Units into 16,498 shares of common stock on September 16, 2026, as part of the vesting of a prior RSU grant.
How many Restricted Stock Units does Joelle M. Smith hold after the reported FA transactions?
After the reported exercise, Joelle M. Smith holds 32,996 Restricted Stock Units directly. Each RSU represents a contingent right to receive one share of FIRST ADVANTAGE CORP common stock, payable in stock, cash, or a combination.
Were the reported FA transactions under a Rule 10b5-1 trading plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed, and there is no footnote stating that these transactions were made pursuant to a Rule 10b5-1 or other pre-arranged trading plan.
What is the origin and vesting schedule of the RSUs involved in the FA Form 4?
The RSUs exercised on September 16, 2026 are described as originally granted on September 16, 2024. They vest in four equal installments, beginning on September 16, 2025, subject to continued service through each vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
