First Advantage (FA) COO converts 715 RSUs, now holds 47,457 shares
Rhea-AI Filing Summary
FIRST ADVANTAGE CORP Global Chief Operating Officer Douglas Nairne exercised equity awards and increased his common stock holdings. On May 11, 2026, he exercised derivative securities tied to restricted stock units, acquiring 715 shares of common stock. After this transaction, he directly holds 47,457 common shares.
The derivative side shows 715 restricted stock units converted, leaving 716 RSUs outstanding. Each RSU represents a contingent right to receive one share of common stock, settled in stock, cash, or a combination. The remaining RSUs vest in equal annual installments on May 11, 2025, May 11, 2026, and May 11, 2027, subject to continued service. This filing reflects routine equity compensation activity rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 715 shares
Net Buy
2 txns
Insider
Nairne Douglas
Role
Global Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 715 | $0.00 | $0.00 |
| Exercise | Common Stock | 715 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 716 shares (Direct);
Common Stock — 47,457 shares (Direct)
Footnotes (2)
- 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. The RSUs will vest in equal annual installments on May 11, 2025, 2026, and 2027, subject to continued service through such dates.
Key Figures
Common shares acquired via RSU exercise: 715 shares
Common shares held after transaction: 47,457 shares
RSUs converted: 715 units
+3 more
6 metrics
Common shares acquired via RSU exercise
715 shares
Derivative exercise on May 11, 2026
Common shares held after transaction
47,457 shares
Direct holdings after May 11, 2026 exercise
RSUs converted
715 units
Restricted Stock Units exercised into common stock
RSUs remaining
716 units
Restricted Stock Units outstanding after the conversion
RSU exercise price
$0.0000 per share
Reported transaction price per share for conversion
RSU vesting schedule
May 11, 2025–2027
Equal annual installments over three years, subject to service
Key Terms
Restricted Stock Units, derivative security, contingent right, vest, +1 more
5 terms
Restricted Stock Units financial
"The RSUs will be settled in either common stock or cash (or a combination thereof)."
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.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
contingent right financial
"Each restricted stock unit (RSU) represents a contingent right to receive one share of common stock."
vest financial
"The RSUs will vest in equal annual installments on May 11, 2025, 2026, and 2027, subject to continued service."
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.
exercise or conversion financial
"transaction_action: derivative exercise/conversion"
FAQ
What insider transaction did FIRST ADVANTAGE CORP (FA) report for Douglas Nairne?
Douglas Nairne exercised equity awards, converting restricted stock units into 715 shares of common stock. This was recorded as a derivative exercise, not an open-market trade, and reflects routine use of his compensation rather than a discretionary stock purchase or sale.
What happened to Douglas Nairne’s restricted stock units in the FIRST ADVANTAGE CORP (FA) filing?
He converted 715 restricted stock units into common stock, reducing that RSU position while leaving 716 RSUs outstanding. The remaining RSUs continue to represent contingent rights to receive common shares or cash, depending on how the company settles them at vesting.
When do Douglas Nairne’s remaining FIRST ADVANTAGE CORP (FA) RSUs vest?
The remaining restricted stock units vest in equal annual installments on May 11, 2025, May 11, 2026, and May 11, 2027. Each vesting installment is subject to Douglas Nairne’s continued service with FIRST ADVANTAGE CORP through the applicable vesting date.
Was there any open-market buying or selling in the FIRST ADVANTAGE CORP (FA) Form 4?
No, the Form 4 shows derivative exercises of restricted stock units, not open-market purchases or sales. The transactions are coded as “M” for exercise or conversion of a derivative security, with a reported price per share of $0.0000 for the RSU conversion.
What does each restricted stock unit (RSU) represent for FIRST ADVANTAGE CORP (FA)?
Each restricted stock unit represents a contingent right to receive one share of FIRST ADVANTAGE CORP common stock. According to the filing, the RSUs may be settled in common stock, cash, or a combination of both when they vest, as determined under the award terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
