First American director logs gift; indirect stake at 2,165,546 shares
Rhea-AI Filing Summary
First American Financial (FAF) director Parker S. Kennedy reported a bona fide gift on 11/10/2025 (Transaction Code G). The filing shows 2,950 shares at a price of $0, held indirectly through Kennedy Enterprises, L.P. After the reported transaction, indirect holdings are listed as 2,165,546 shares by the limited partnership.
The explanation clarifies the gifts were of limited partnership interests to eight individuals and did not change the number of First American shares held by the partnership. The report also lists 191,689 shares held directly, which includes 2,587 unvested RSUs from an original grant of 2,522 RSUs (plus dividend reinvestment), scheduled to vest on 2/24/2026.
Positive
- None.
Negative
- None.
Insights
Administrative Form 4 reflecting gifts via LP interests; neutral impact.
The entry records a Code G gift on 11/10/2025 tied to limited partnership interests, with the table showing 2,950 shares at $0 and post-transaction indirect holdings of 2,165,546 shares through Kennedy Enterprises, L.P. The narrative states the gifts did not change the partnership’s First American share count.
Direct holdings are listed at 191,689 shares, including 2,587 unvested RSUs vesting on 2/24/2026. This is a routine ownership update; market impact depends on holder decisions and subsequent disclosures.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 2,950 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Represents separate gifts of limited partnership interests in Kennedy Enterprises, L.P. to eight individuals. Each gift represents approximately a 0.0170% interest in Kennedy Enterprises. The transaction did not result in the acquisition or disposition of any First American shares by the partnership. 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. Includes 2,587 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.