First American director buys 59,841 shares
First American Financial Corp director Parker S. Kennedy reported significant open-market purchases of common stock.
Rhea-AI Filing Summary
First American Financial Corp director Parker S. Kennedy reported significant open-market purchases of common stock. On February 13 and 17, 2026, he bought a total of 59,841 shares in three transactions at weighted average prices of $67.1730, $67.7016, and $67.9249 per share, with actual trade prices in narrow ranges around those levels.
After these direct purchases, his directly held common stock increased to 251,552 shares, which includes 2,609 unvested Restricted Stock Units scheduled to vest on February 24, 2026. He also reports 2,165,546 shares held indirectly by Kennedy Enterprises, L.P., where he is the sole general partner and a limited partner, while expressly disclaiming beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 59,841 shares
Net Buy
4 txns
Insider
KENNEDY PARKER S
Role
Director
Bought
59,841 shs ($4.05M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 14,841 | $67.7016 | $1.00M |
| Purchase | Common Stock | 30,000 | $67.9249 | $2.04M |
| Purchase | Common Stock | 15,000 | $67.173 | $1.01M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 251,552 shares (Direct);
Common Stock — 2,165,546 shares (Indirect, By Limited Partnership)
Footnotes (5)
- F1. The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $66.69 to $67.44, 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 purchased at each separate price within the ranges set forth in this footnote.
- F2. The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $67.48 to $67.83, 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 purchased at each separate price within the ranges set forth in this footnote.
- F3. The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $67.705 to $68.020, 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 purchased at each separate price within the ranges set forth in this footnote.
- F4. 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.
- F5. 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did First American Financial (FAF) report for Parker S. Kennedy?
Parker S. Kennedy reported open-market purchases of First American Financial common stock. He bought 59,841 shares across three transactions on February 13 and 17, 2026, at weighted average prices slightly above $67 per share, increasing his directly held position.
What is Parker S. Kennedy’s direct ownership in First American Financial (FAF) after these trades?
Following the reported purchases, his direct holdings rose to 251,552 First American Financial common shares. This figure includes 2,609 unvested restricted stock units scheduled to vest on February 24, 2026, reflecting both current shares and pending equity awards.
What indirect First American Financial (FAF) holdings are associated with Parker S. Kennedy?
The filing lists 2,165,546 First American Financial shares held by Kennedy Enterprises, L.P. Kennedy is the sole general partner and also a limited partner, but he disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.
How does the Form 4 describe the nature of Parker S. Kennedy’s recent FAF transactions?
The transactions are classified as open-market purchases of non-derivative common stock. All three trades use transaction code “P,” indicating purchases in the open market or private transactions, consistent with the reported weighted average prices and share amounts.
,What do the Form 4 footnotes reveal about pricing and RSUs for Parker S. Kennedy at FAF?
Footnotes explain that each reported price is a weighted average for multiple trades within specified price ranges. They also state that 2,609 unvested restricted stock units are included in his direct holdings and are scheduled to vest on February 24, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
