First American director sells 6,630 FAF shares

First American Financial Corp director Margaret M. McCarthy sold common stock in an open-market transaction.

Rhea-AI Filing Summary

First American Financial Corp director Margaret M. McCarthy sold common stock in an open-market transaction. She sold 6,630 shares of common stock at a weighted average price of $70.5894 per share, leaving her with 24,024 shares held directly.

The remaining holdings include 2,438 unvested Restricted Stock Units that are scheduled to vest on February 19, 2027, originating from an initial grant and automatic dividend reinvestment. Some shares underlying vested RSUs and related dividend-reinvestment shares have been deferred, meaning receipt of those shares has been postponed.

Insights

Insider transactions analyst

Director executed a moderate open-market sale while retaining a meaningful equity stake.

Margaret M. McCarthy, a director of First American Financial Corp, sold 6,630 shares of common stock in an open-market transaction at a weighted average price of $70.5894 per share. Following the sale, she directly holds 24,024 shares.

The filing notes 2,438 unvested Restricted Stock Units vesting on February 19, 2027, plus deferred receipt of certain vested RSU-related shares. This pattern suggests ongoing equity-based compensation and continued exposure to the company’s stock alongside the partial sale.

Insider Trade Summary

Net Seller: 6,630 shares

Net Sell 1 txn

Insider McCarthy Margaret M

Role Director

Sold 6,630 shs ($468K)

Type	Security	Shares	Price	Value
Sale	Common Stock	6,630	$70.5894	$468K

Holdings After Transaction: Common Stock — 24,024 shares (Direct)

Footnotes (3)

1. F1. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.56 to $70.65, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
2. F2. Includes 2,438 unvested Restricted Stock Units ("RSUs") acquired pursuant to an original grant of 2,418 RSUs and shares acquired through automatic dividend reinvestment, vesting 2/19/2027, the first anniversary of the grant.
3. F3. The reporting person's receipt of certain shares underlying vested RSUs and related shares acquired through automatic dividend reinvestment have been deferred.

Key Figures

Shares sold: 6,630 shares Weighted average sale price: $70.5894 per share Shares held after transaction: 24,024 shares +1 more

4 metrics

Shares sold 6,630 shares Open-market sale of common stock on April 24, 2026

Weighted average sale price $70.5894 per share Price range $70.56 to $70.65 for the 6,630 shares sold

Shares held after transaction 24,024 shares Director’s direct common stock ownership following the sale

Unvested RSUs 2,438 units Restricted Stock Units vesting on February 19, 2027

Key Terms

weighted average price, Restricted Stock Units ("RSUs"), automatic dividend reinvestment, deferred

4 terms

weighted average price financial

"The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Restricted Stock Units ("RSUs") financial

"Includes 2,438 unvested Restricted Stock Units ("RSUs") acquired pursuant to an original grant"

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

automatic dividend reinvestment financial

"original grant of 2,418 RSUs and shares acquired through automatic dividend reinvestment, vesting 2/19/2027"

deferred financial

"The reporting person's receipt of certain shares underlying vested RSUs and related shares acquired through automatic dividend reinvestment have been deferred."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many First American Financial (FAF) shares did Margaret M. McCarthy sell?

Margaret M. McCarthy sold 6,630 shares of First American Financial common stock. The transaction was an open-market sale at a weighted average price of $70.5894 per share, as disclosed in the Form 4 insider trading report.

What price did the First American Financial (FAF) director receive for the shares sold?

The director received a weighted average price of $70.5894 per share for the 6,630 shares sold. The filing notes the sale occurred in multiple trades between $70.56 and $70.65 per share, all reported as one aggregated transaction.

How many First American Financial (FAF) shares does the director hold after the sale?

After the transaction, the director directly holds 24,024 shares of First American Financial common stock. This post-transaction figure includes her remaining direct ownership and provides context for the size of the 6,630-share sale.

Does the First American Financial (FAF) director have unvested RSUs outstanding?

Yes. The filing states the director holds 2,438 unvested Restricted Stock Units. These RSUs come from an original grant plus dividend reinvestment and are scheduled to vest on February 19, 2027, providing additional future share-based compensation.

Were the First American Financial (FAF) share sales executed in a single trade?

No. The Form 4 explains the 6,630 shares were sold in multiple transactions. Prices ranged from $70.56 to $70.65 per share, but are reported as a single weighted average, with detailed trade breakdowns available on request.

What does the Form 4 say about deferred RSU-related shares for First American Financial (FAF)?

The filing notes that the director’s receipt of certain shares underlying vested RSUs, and related dividend-reinvestment shares, has been deferred. This means delivery of those shares is postponed to a future date under the company’s deferral arrangements.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/28/2026 - 02:54 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

McCarthy Margaret M

(Last) (First) (Middle)

1 FIRST AMERICAN WAY

(Street)

SANTA ANA CALIFORNIA 92707

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
First American Financial Corp [ FAF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/24/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/24/2026		S		6,630	D	$70.5894(1)	24,024(2)(3)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.56 to $70.65, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

2. Includes 2,438 unvested Restricted Stock Units ("RSUs") acquired pursuant to an original grant of 2,418 RSUs and shares acquired through automatic dividend reinvestment, vesting 2/19/2027, the first anniversary of the grant.

3. The reporting person's receipt of certain shares underlying vested RSUs and related shares acquired through automatic dividend reinvestment have been deferred.

	/s/ Stacy S. Rust, attorney-in-fact for Margaret M. McCarthy	04/28/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)