Director at First American (NYSE: FAF) receives 2,418-share stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
First American Financial director Parker S. Kennedy reported receiving a grant of 2,418 shares of common stock on February 19, 2026, at a stated price of $0.00 per share, classified as a grant or award acquisition. Following this grant, his directly held common stock rose to 253,970 shares.
The filing also notes 2,609 unvested restricted stock units from an earlier 2,522-unit grant that, with dividend reinvestment, are scheduled to vest on February 24, 2026, and 2,418 unvested RSUs from the new grant vesting on February 19, 2027. In addition, 2,165,546 shares are held indirectly through Kennedy Enterprises, L.P., where he is the sole general partner and a limited partner, and he disclaims beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
KENNEDY PARKER S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,418 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 253,970 shares (Direct);
Common Stock — 2,165,546 shares (Indirect, By Limited Partnership)
Footnotes (1)
- Includes 2,609 unvested Restricted Stock Units ("RSUs") acquired pursuant to an original grant of 2,522 RSUs and shares acquired through automatic dividend reinvestment, vesting 2/24/2026, the first anniversary of the grant. Includes 2,418 unvested RSUs acquired pursuant to a grant vesting 2/19/2027, the first anniversary of the grant. The reported securities are held by Kennedy Enterprises, L.P., a limited partnership of which the reporting person is the sole general partner. The reporting person and his wife are also limited partners of the partnership. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
FAQ
What insider transaction did First American Financial (FAF) report for Parker S. Kennedy?
Parker S. Kennedy reported receiving a grant of 2,418 shares of First American Financial common stock on February 19, 2026. The transaction was recorded at $0.00 per share and classified as a grant or award acquisition rather than an open-market purchase.
What restricted stock units (RSUs) are outstanding for Parker S. Kennedy at First American Financial (FAF)?
The filing notes 2,609 unvested RSUs from an original 2,522-unit grant, plus dividend reinvestment, vesting on February 24, 2026. It also includes 2,418 unvested RSUs from a new grant scheduled to vest on February 19, 2027, the first anniversary of that grant.
What indirect First American Financial (FAF) holdings are associated with Parker S. Kennedy?
The Form 4 shows 2,165,546 shares of First American Financial common stock held indirectly through Kennedy Enterprises, L.P. Kennedy is the sole general partner and a limited partner, but he disclaims beneficial ownership beyond his pecuniary interest in those securities.
Was the February 19, 2026 First American Financial (FAF) grant a market purchase?
No, the 2,418-share transaction on February 19, 2026 is coded as a grant, award, or other acquisition at $0.00 per share. This indicates a compensation-related stock award rather than an open-market purchase of First American Financial shares.
When do Parker S. Kennedy’s First American Financial (FAF) RSU awards vest?
One RSU award of 2,609 units, including dividend reinvestment, is scheduled to vest on February 24, 2026. A separate grant of 2,418 RSUs reported in this filing is expected to vest on February 19, 2027, one year after the grant date.