First American Director Receives 13K Share Grant, Holds $488K Total Position
First American Financial (FAF) Director Dennis J. Gilmore reported significant equity transactions in a Form 4 filing.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 12,980 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
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).
FAQ
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What is Dennis Gilmore's total direct ownership of FAF stock after the June 2025 transaction?
What is the vesting schedule for FAF RSUs granted to Dennis Gilmore in June 2025?
What positions does Dennis Gilmore hold at First American Financial (FAF)?
AI-generated analysis. How Rhea-AI works. Not financial advice.