First American CEO covers taxes via share withholding
First American Financial Corp Chief Executive Officer Mark Edward Seaton reported a routine tax-related share withholding.
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Rhea-AI Filing Summary
First American Financial Corp Chief Executive Officer Mark Edward Seaton reported a routine tax-related share withholding. On this Form 4, 2,372 shares of common stock were disposed of at $68.63 per share to cover tax liability tied to vesting restricted stock units, not an open-market sale.
After this withholding, Seaton directly holds about 232,081.098 shares of common stock. His position also includes multiple blocks of unvested restricted stock units that vest in three equal annual installments starting on various anniversaries in 2025, 2026 and 2027, plus shares accumulated through dividend reinvestment and the employee stock purchase plan.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 2,372 | $68.63 | $163K |
Footnotes (7)
- F1. Payment of tax liability by withholding securities incident to the vesting of restricted stock units.
- F2. Includes 7,797 unvested Restricted Stock Units ("RSUs") acquired pursuant to an original grant of 21,414 RSUs and shares acquired through automatic dividend reinvestment, vesting in three equal annual increments commencing 2/22/2025, the first anniversary of the grant.
- F3. Includes 20,073 unvested RSUs acquired pursuant to an original grant of 28,606 RSUs and shares acquired through automatic dividend reinvestment, vesting in three equal annual increments commencing 2/24/2026, the first anniversary of the grant.
- F4. Includes 8,802 unvested RSUs acquired pursuant to an original grant of 12,763 RSUs and shares acquired through automatic dividend reinvestment, vesting in three equal annual increments commencing 6/20/2026, the first anniversary of the grant.
- F5. Includes 66,176 unvested RSUs acquired pursuant to an original grant of 65,084 RSUs and shares acquired through automatic dividend reinvestment, vesting in three equal annual increments commencing 2/19/2027, the first anniversary of the grant.
- F6. Includes 533.962 shares acquired through an automatic dividend reinvestment plan administered by the reporting person's broker since the reporting person's last filing made pursuant to Section 16(a) of the Securities Exchange Act of 1934. Fractional share amounts may vary slightly from prior reports due to rounding.
- F7. Includes 409.299 shares acquired under the issuer's Employee Stock Purchase Plan since the reporting person's last filing made pursuant to Section 16(a) of the Securities Exchange Act of 1934. Fractional share amounts may vary slightly from prior reports due to rounding.
Key Figures
Key Terms
restricted stock units financial
automatic dividend reinvestment plan financial
Employee Stock Purchase Plan financial
Section 16(a) of the Securities Exchange Act of 1934 regulatory
tax liability financial
FAQ
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What insider transaction did First American Financial (FAF) report?
What unvested RSUs does the First American (FAF) CEO have outstanding?
How did dividend reinvestment affect the First American (FAF) CEO’s holdings?
What role does the Employee Stock Purchase Plan play in FAF insider holdings?
AI-generated analysis. How Rhea-AI works. Not financial advice.