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First American Financial Boosts Chief Legal Officer's Stake with New Stock Award

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

First American Financial SVP and Chief Legal Officer Lisa W. Cornehl acquired 865 Restricted Stock Units (RSUs) on June 20, 2025. Following this transaction, Cornehl beneficially owns 24,969.96 shares directly.

The newly granted RSUs will vest in three equal annual increments starting June 20, 2026. This adds to Cornehl's existing RSU holdings, which include:

  • 487 unvested RSUs from an original 1,694 grant (vesting from 2/22/2023)
  • 1,649 unvested RSUs from an original 4,512 grant (vesting from 2/16/2024)
  • 4,736 unvested RSUs from an original 6,734 grant (vesting from 2/22/2025)
  • 9,598 unvested RSUs from an original 9,432 grant (vesting from 2/24/2026)

The transaction was reported via Form 4 filing, signed by attorney-in-fact Stacy S. Rust on June 24, 2025.

Positive

  • None.

Negative

  • None.
Insider Cornehl Lisa W
Role SVP, Chief Legal Officer
Type Security Shares Price Value
Grant/Award Common Stock 865 $0.00 --
Holdings After Transaction: Common Stock — 24,969.96 shares (Direct)
Footnotes (1)
  1. Includes 487 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 1,649 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 4,736 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 9,598 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 865 unvested RSUs acquired pursuant to a grant vesting in three equal annual increments commencing 6/20/2026, the first anniversary of the grant.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Cornehl Lisa W
(Last) (First) (Middle)
1 FIRST AMERICAN WAY
(Street)
SANTA ANA CA 92707
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
First American Financial Corp [ FAF ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
SVP, Chief Legal Officer
3. Date of Earliest Transaction (Month/Day/Year)
06/20/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/20/2025 A 865 A $0 24,969.96(1)(2)(3)(4)(5) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Includes 487 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.
2. Includes 1,649 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.
3. Includes 4,736 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.
4. Includes 9,598 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.
5. Includes 865 unvested RSUs acquired pursuant to a grant vesting in three equal annual increments commencing 6/20/2026, the first anniversary of the grant.
/s/ Stacy S. Rust, attorney-in fact for Lisa W. Cornehl 06/24/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What is the total number of FAF shares Lisa Cornehl owns after the June 2025 transaction?

Following the reported transaction, Lisa Cornehl beneficially owns 24,969.96 shares of FAF common stock directly, which includes various unvested RSU grants from different award dates.

What are the vesting schedules for Lisa Cornehl's FAF RSU grants?

Cornehl has multiple RSU grants with different vesting schedules: 1) 487 unvested RSUs vesting annually from 2/22/2023 2) 1,649 unvested RSUs vesting annually from 2/16/2024 3) 4,736 unvested RSUs vesting annually from 2/22/2025 4) 9,598 unvested RSUs vesting annually from 2/24/2026 5) 865 new RSUs vesting annually from 6/20/2026.

What is Lisa Cornehl's position at First American Financial (FAF)?

Lisa W. Cornehl serves as Senior Vice President (SVP) and Chief Legal Officer at First American Financial Corporation (FAF).

Was Lisa Cornehl's June 2025 FAF stock acquisition a purchase?

No, the shares were not purchased. The Form 4 indicates the 865 RSUs were acquired at $0 cost as part of an equity compensation grant, likely as part of executive compensation.