First American Financial (NYSE: FAF) CEO uses 2,372 shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Seaton Mark Edward
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,372 | $68.63 | $163K |
Holdings After Transaction:
Common Stock — 232,081.098 shares (Direct, null)
Footnotes (1)
- Payment of tax liability by withholding securities incident to the vesting of restricted stock units. 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. 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. 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. 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. 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. 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
Tax withholding shares: 2,372 shares
Withholding price: $68.63 per share
Direct holdings after transaction: 232,081.098 shares
+5 more
8 metrics
Tax withholding shares
2,372 shares
Common stock withheld to cover tax liability
Withholding price
$68.63 per share
Value used for 2,372 withheld shares
Direct holdings after transaction
232,081.098 shares
Common stock held directly by CEO after withholding
Unvested RSUs grant 1
7,797 RSUs
From original 21,414 RSUs, vesting in three annual increments from 2/22/2025
Unvested RSUs grant 2
20,073 RSUs
From original 28,606 RSUs, vesting in three annual increments from 2/24/2026
Unvested RSUs grant 3
8,802 RSUs
From original 12,763 RSUs, vesting in three annual increments from 6/20/2026
Unvested RSUs grant 4
66,176 RSUs
From original 65,084 RSUs, vesting in three annual increments from 2/19/2027
Dividend reinvestment shares
533.962 shares
Shares acquired via automatic dividend reinvestment
Key Terms
restricted stock units, automatic dividend reinvestment plan, Employee Stock Purchase Plan, Section 16(a) of the Securities Exchange Act of 1934, +1 more
5 terms
restricted stock units financial
"Payment of tax liability by withholding securities incident to the vesting of restricted stock units."
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.
automatic dividend reinvestment plan financial
"Includes 533.962 shares acquired through an automatic dividend reinvestment plan administered by the reporting person's broker"
Employee Stock Purchase Plan financial
"Includes 409.299 shares acquired under the issuer's Employee Stock Purchase Plan since the reporting person's last filing"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Section 16(a) of the Securities Exchange Act of 1934 regulatory
"since the reporting person's last filing made pursuant to Section 16(a) of the Securities Exchange Act of 1934."
tax liability financial
"Payment of tax liability by withholding securities incident to the vesting of restricted stock units."
FAQ
What insider transaction did First American Financial (FAF) report?
First American Financial reported that CEO Mark Edward Seaton had 2,372 common shares withheld at $68.63 per share. The withholding covered tax obligations arising from the vesting of restricted stock units rather than representing an open-market sale of shares.
What unvested RSUs does the First American (FAF) CEO have outstanding?
The CEO holds several unvested restricted stock unit blocks, including 7,797, 20,073, 8,802 and 66,176 RSUs. These awards vest in three equal annual installments beginning on anniversaries in 2025, 2026 and 2027, supporting ongoing equity-based compensation alignment.
How did dividend reinvestment affect the First American (FAF) CEO’s holdings?
The CEO’s position includes 533.962 shares acquired through an automatic dividend reinvestment plan. These shares accumulated since his last Section 16(a) filing and slightly increased his stake as dividends were reinvested into additional First American common stock.
What role does the Employee Stock Purchase Plan play in FAF insider holdings?
Mark Edward Seaton’s holdings include 409.299 shares acquired under First American’s Employee Stock Purchase Plan. This plan allows eligible employees to buy company stock over time, adding to his overall ownership alongside grants and dividend reinvestment.