Director at First American (NYSE: FAF) surrenders 13,311 RSUs back to company
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
First American Financial director Dennis J. Gilmore reported a disposition of equity-based awards back to the company. He returned 13,311 shares of Common Stock to the issuer in a disposition to issuer, representing unvested Restricted Stock Units that were cancelled in full.
After this transaction, Gilmore directly holds 462,441 shares of Common Stock and indirectly holds 2,343.023 shares through a 401(k) plan trust. He also continues to hold 2,438 unvested RSUs scheduled to vest on February 19, 2027, from an earlier grant with dividend reinvestment.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
GILMORE DENNIS J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 13,311 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 462,441 shares (Direct, null);
Common Stock — 2,343.023 shares (Indirect, By 401(k) Plan Trust)
Footnotes (1)
- Includes 13,311 unvested Restricted Stock Units ("RSUs") acquired pursuant to an original grant of 12,980 RSUs on 6/20/2025 and shares acquired through automatic dividend reinvestment, that were cancelled in full. Includes 2,438 unvested RSUs acquired pursuant to an original grant of 2,418 RSUs and shares aquired through automatic dividend reinvestment, vesting 2/19/2027 , the first anniversary of the grant. Amount shown consists of shares contributed by issuer as company match, shares purchased for the reporting person's account and shares acquired through automatic reinvestment of dividends paid as reported in most recent account statement in transactions exempt under rules 16a-3(f)(1)(i)(B) and 16b-3(c).
Key Figures
Disposition to issuer: 13,311 shares
Direct holdings after transaction: 462,441 shares
Indirect 401(k) holdings: 2,343.023 shares
+3 more
6 metrics
Disposition to issuer
13,311 shares
Unvested RSUs cancelled in full
Direct holdings after transaction
462,441 shares
Common Stock held directly by Dennis J. Gilmore
Indirect 401(k) holdings
2,343.023 shares
Common Stock held by 401(k) Plan Trust
Remaining unvested RSUs
2,438 RSUs
Unvested RSUs vesting on February 19, 2027
Original RSU grant
12,980 RSUs
Original grant underlying the 13,311 cancelled RSUs
Vesting date of remaining RSUs
February 19, 2027
First anniversary of referenced RSU grant
Key Terms
Restricted Stock Units ("RSUs"), company match, automatic reinvestment of dividends, issuer disposition
4 terms
Restricted Stock Units ("RSUs") financial
"Includes 13,311 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.
company match financial
"Amount shown consists of shares contributed by issuer as company match"
automatic reinvestment of dividends financial
"shares acquired through automatic reinvestment of dividends paid as reported"
issuer disposition financial
"transaction_action": "issuer disposition""
FAQ
What insider transaction did Dennis J. Gilmore report at First American Financial (FAF)?
Dennis J. Gilmore reported a disposition of 13,311 shares of Common Stock back to First American Financial. These shares represented unvested Restricted Stock Units that were cancelled in full, reflecting an issuer disposition rather than an open-market sale to outside investors.
What do the unvested RSUs reported by Dennis J. Gilmore at First American Financial (FAF) represent?
Gilmore’s filing notes 2,438 unvested Restricted Stock Units from an earlier grant, including units from automatic dividend reinvestment. These RSUs are scheduled to vest on February 19, 2027, indicating potential future share delivery if applicable vesting conditions are satisfied.
What does Dennis J. Gilmore’s indirect ownership in First American Financial (FAF) include?
The indirect holding of 2,343.023 shares is held by a 401(k) Plan Trust. This amount reflects company match contributions, shares purchased for his account, and shares acquired via automatic dividend reinvestment, based on the most recent account statement referenced in the filing.