First American Financial Strengthens Director Retention with Major Stock Award
Rhea-AI Filing Summary
First American Financial (FAF) Director Dennis J. Gilmore reported significant equity transactions in a Form 4 filing. On June 20, 2025, Gilmore acquired 12,980 Restricted Stock Units (RSUs) at $0, which will vest in three equal annual increments starting June 20, 2026.
Following the transaction, Gilmore's holdings include:
- 488,683 shares held directly, including 2,566 unvested RSUs from a previous grant vesting February 24, 2026
- 2,343.023 shares held indirectly through the company's 401(k) Plan Trust
The indirect holdings through the 401(k) Plan Trust consist of company matching contributions, direct purchases, and dividend reinvestment shares, all exempt under SEC Rules 16a-3(f)(1)(i)(B) and 16b-3(c). The filing was submitted by attorney-in-fact Stacy S. Rust on June 24, 2025.
Positive
- Director Dennis J. Gilmore received a significant new grant of 12,980 RSUs, demonstrating long-term alignment with shareholders through a three-year vesting schedule
- Director maintains substantial skin in the game with total beneficial ownership of 488,683 shares directly and additional 2,343 shares through 401(k) Plan
Negative
- None.
Insider Trade Summary
Net Buyer: 12,980 shares
Net Buy
2 txns
Insider
GILMORE DENNIS J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 12,980 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 488,683 shares (Direct);
Common Stock — 2,343.023 shares (Indirect, By 401(k) Plan Trust)
Footnotes (3)
- F1. Includes 2,566 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.
- F2. Includes 12,980 unvested RSUs acquired pursuant to a grant vesting in three equal annual increments commencing 6/20/2026, the first anniversary of the grant.
- F3. Amount shown consists of shares contributed by issuer as company match, shares purchased for the reporting person's account and shares acquired through automatic reinvestment of dividends paid as reported in most recent account statement in transactions exempt under rules 16a-3(f)(1)(i)(B) and 16b-3(c).
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What is Dennis Gilmore's total direct ownership of FAF stock after the June 2025 transaction?
Following the reported transaction, Dennis Gilmore directly owned 488,683 shares of FAF, which includes 2,566 unvested RSUs from a previous grant and the newly acquired 12,980 unvested RSUs.
What is the vesting schedule for FAF RSUs granted to Dennis Gilmore in June 2025?
The 12,980 RSUs granted to Dennis Gilmore on June 20, 2025, will vest in three equal annual increments, with the first vesting date beginning on June 20, 2026 (the first anniversary of the grant).
What positions does Dennis Gilmore hold at First American Financial (FAF)?
According to the Form 4 filing, Dennis Gilmore serves as a Director of First American Financial Corporation (FAF), as indicated by the 'X' marked in the Director box under the Relationship of Reporting Person(s) to Issuer section.