First American Financial (FAF) VP awarded 3,351 shares in new stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Adams Steven A reported acquisition or exercise transactions in this Form 4 filing.
First American Financial Corp VP & Chief Accounting Officer Steven A. Adams received an equity grant of 3,351 shares of common stock on 2/19/2026 as a stock award with no cash paid per share. Following this award, he directly holds a total of 13,996.893 common shares.
Footnotes explain that his direct holdings include several blocks of unvested Restricted Stock Units from prior grants, which are scheduled to vest in annual installments beginning on 2/22/2023, 2/22/2025, 2/24/2026, and 2/19/2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Adams Steven A
Role
VP & Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,351 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 13,996.893 shares (Direct)
Footnotes (1)
- Includes 549 unvested Restricted Stock Units ("RSUs") acquired pursuant to an original grant of 1,889 RSUs and shares acquired through automatic dividend reinvestment, vesting in four equal annual increments commencing 2/22/2023, the first anniversary of the grant. Includes 1,758 unvested RSUs acquired pursuant to an original grant of 2,456 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 3,207 unvested RSUs acquired pursuant to an original grant of 3,103 RSUs and shares acquired thorugh automatic dividend reinvestment, vesting in three equal annual increments commencing 2/24/2026, the first anniversary of the grant. Includes 3,351 unvested RSUs acquired pursuant to a grant vesting in three equal annual increments commencing 2/19/2027, the first anniversary of the grant.
FAQ
What did First American Financial (FAF) executive Steven A. Adams report on this Form 4?
Steven A. Adams reported receiving a grant of 3,351 shares of First American Financial common stock as an equity award. The award carried a price of $0.0000 per share and increased his directly held position to 13,996.893 shares after the transaction.
Are unvested RSUs included in Steven A. Adams’ reported FAF holdings?
Yes, the reported holdings include unvested Restricted Stock Units. Footnotes state that his position includes several RSU grants, with portions vesting annually starting on 2/22/2023, 2/22/2025, 2/24/2026, and 2/19/2027, plus shares from dividend reinvestment.
What do the vesting schedules in the FAF Form 4 footnotes indicate for Adams’ RSUs?
The footnotes indicate multiple RSU grants that vest in equal annual installments over several years. Each grant begins vesting on the first anniversary of its grant date, providing Steven A. Adams with a staggered schedule of future share deliveries as service continues.