First American Financial (NYSE: FAF) legal chief gains 4,982 shares in Form 4 filing
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
First American Financial Corp executive Lisa W. Cornehl, SVP and Chief Legal Officer, reported an equity award on a Form 4. On February 4, 2026, she acquired 4,982 shares of common stock at $0 per share, related to performance-based stock units and dividend reinvestment.
After this transaction, she beneficially owned 30,240.961 shares of First American Financial common stock in direct form. Footnotes explain that this total includes several blocks of unvested restricted stock units and performance stock units that vest in scheduled annual installments starting between February 2023 and June 2026.
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 | 4,982 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 30,240.961 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 1,675 unvested RSUs acquired pursuant to an original grant of 4,512 RSUs and shares acquired through automatic dividend reinvestment, which vest in three equal annual increments commencing 2/16/2024, 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 4,982 unvested RSUs, acquired pursuant to an original grant of 3,276 Performance Stock Units and shares acquired through automatic dividend reinvestment, for which the Compensation Committee of the Board of Directors certified performance on February 4, 2026, and which will vest on 2/16/2026, the third anniversary of the grant.
FAQ
What insider transaction did FAF executive Lisa W. Cornehl report on this Form 4?
Lisa W. Cornehl reported acquiring 4,982 shares of First American Financial common stock. The shares were acquired at $0 per share on February 4, 2026, in connection with performance stock units and dividend reinvestment, and are held as directly owned common stock.
What is Lisa W. Cornehl’s role at First American Financial Corp (FAF)?
Lisa W. Cornehl is an officer of First American Financial Corp, serving as Senior Vice President and Chief Legal Officer. Her status is disclosed in the Form 4, where she is not listed as a director or 10% owner, but as an executive officer of the company.
What other unvested RSUs are included in Lisa W. Cornehl’s FAF holdings?
Her holdings include several RSU grants: 495 units from a 1,694-unit grant, 1,675 from a 4,512-unit grant, 4,815 from a 6,734-unit grant, 9,760 from a 9,432-unit grant, and 879 from an 865-unit grant, each vesting in equal annual installments beginning between February 2023 and June 2026.
When do Lisa W. Cornehl’s FAF restricted and performance stock units vest?
The RSUs vest in equal annual installments, with schedules commencing on February 22, 2023, February 16, 2024, February 22, 2025, February 24, 2026, and June 20, 2026. The 4,982 units linked to performance stock vest on February 16, 2026, after performance certification.