First American (NYSE: FAF) legal chief awarded 12,076 RSUs in grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
First American Financial senior vice president and chief legal officer Lisa W. Cornehl reported an equity award tied to 12,076 shares of common stock on February 19, 2026. The award was granted at $0.00 per share as a grant or other acquisition and is documented as unvested RSUs that vest in three equal annual installments beginning February 19, 2027. Following this grant, her directly held position increased to 38,594.961 shares, which includes multiple blocks of unvested RSUs scheduled to vest over several years with dividend reinvestment.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cornehl Lisa W
Role
SVP, Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 12,076 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 38,594.961 shares (Direct)
Footnotes (1)
- Includes 495 unvested Restricted Stock Units ("RSUs") acquired pursuant to an original grant of 1,694 RSUs and shares acquired through automatic dividend reinvestment, which vest in four equal annual increments commencing 2/22/2023, the first anniversary of the grant. Includes 4,815 unvested RSUs acquired pursuant to an original grant of 6,734 RSUs and shares acquired through automatic dividend reinvestment, which vest in three equal annual increments commencing 2/22/2025, the first anniversary of the grant. Includes 9,760 unvested RSUs acquired pursuant to an original grant of 9,432 RSUs and shares acquired through automatic dividend reinvestment, which vest in three equal annual increments commencing 2/24/2026, the first anniversary of the grant. Includes 879 unvested RSUs acquired pursuant to an orignal grant of 865 RSUs and shares acquired through automatic dividend reinvestment, which vest in three equal annual increments commencing 6/20/2026, the first anniversary of the grant. Includes 12,076 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 insider transaction did Lisa W. Cornehl report for First American Financial (FAF)?
Lisa W. Cornehl reported receiving an equity award linked to 12,076 shares of First American Financial common stock. The Form 4 classifies it as a grant or other acquisition at $0.00 per share, reflected as unvested restricted stock units vesting over time.
How do prior RSU grants factor into Lisa W. Cornehl’s reported FAF holdings?
Her position includes multiple prior RSU grants: 495, 4,815, 9,760, and 879 unvested RSUs from earlier awards. These grants, plus shares from automatic dividend reinvestment, vest in annual increments beginning on February 22, 2023, February 22, 2025, February 24, 2026, and June 20, 2026.
Was the February 19, 2026 FAF insider award a market purchase or a grant?
The transaction was a grant, not a market purchase. It is coded as an “A” transaction on the Form 4, described as a grant, award, or other acquisition, with 12,076 shares recorded at a price of $0.00 per share as unvested RSUs.