First American Financial (NYSE: FAF) CEO logs RSU tax-withholding share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
First American Financial Corp’s Chief Executive Officer Mark Edward Seaton reported a tax-related share disposition. On the restricted stock unit vesting date, 13,658 shares of common stock were withheld at $67.22 per share to satisfy tax obligations, coded as a tax-withholding disposition. Following this non‑market transaction, Seaton’s directly held common stock position is 179,013.837 shares, which includes multiple tranches of unvested restricted stock units scheduled to vest in future years.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Seaton Mark Edward
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 13,658 | $67.22 | $918K |
Holdings After Transaction:
Common Stock — 179,013.837 shares (Direct)
Footnotes (1)
- Payment of tax liability by withholding securities incident to the vesting of restricted stock units. Includes 5,380 unvested Restricted Stock Units ("RSUs") acquired pursuant to an original grant of 18,633 RSUs and shares acquired through automatic dividend reinvestment, vesting in four equal annual increments commencing 2/22/2023, the first anniversary of the grant. Includes 15,319 unvested RSUs acquired pursuant to an original grant of 21,414 RSUs and shares acquired through automatic dividend reinvestment, vesting in three equal annual increments commencing 2/22/2025, the first anniversary of the grant. Includes 29,607 unvested RSUs acquired pursuant to an original grant of 28,606 RSUs and shares acquired through automatic dividend reinvestment, vesting in three equal annual increments commencing 2/24/2026, the first anniversary of the grant. Includes 12,981 unvested RSUs acquired pursuant to an original grant of 12,763 RSUs and shares acquired through automatic dividend reinvestment, vesting in three equal annual increments commencing 6/20/2026, the first anniversary of the grant.
FAQ
What insider transaction did FAF CEO Mark Edward Seaton report?
Mark Edward Seaton reported a tax-withholding disposition of shares. 13,658 common shares were withheld to cover tax liabilities related to vesting restricted stock units, rather than sold on the open market, leaving a substantial remaining direct holding.
What do the FAF Form 4 footnotes say about the CEO’s restricted stock units?
The footnotes explain that Seaton holds several grants of unvested RSUs, each vesting in equal annual increments beginning one year after their grant dates. They also note that the reported disposition reflects shares withheld to satisfy tax liabilities upon RSU vesting.
Does the FAF CEO’s Form 4 indicate a change in investment intent?
The Form 4 describes an administrative tax-withholding event tied to RSU vesting, not a discretionary market trade. It does not, by itself, indicate any change in the CEO’s long-term investment intent toward First American Financial Corp shares.