[Form 4] Finance of America Companies Inc. Insider Trading Activity
Rhea-AI Filing Summary
Finance of America Companies Inc. Chief Accounting Officer Tai A. Thornock reported equity compensation activity involving Class A common stock and restricted stock units on April 1, 2026. Thornock exercised equity awards to acquire a total of 16,360 shares of Class A common stock, moving these from restricted stock units into direct share ownership.
To cover tax obligations tied to these settlements, 5,053 shares of Class A common stock were withheld at a price of $16.60 per share, a non-market, tax-withholding disposition. After these transactions, Thornock directly owned 21,957 shares of Class A common stock.
On the same date, Thornock also received a grant of 13,539 restricted stock units, each representing a contingent right to one share of Class A common stock. These new RSUs vest in one-third increments on the first, second, and third anniversaries of April 1, 2026, subject to continued employment and settlement in stock or cash at the compensation committee’s discretion.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 11,307 shares
Net Buy
10 txns
Insider
Thornock Tai A.
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 4,032 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 8,333 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 3,995 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 13,539 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 4,032 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 1,377 | $16.60 | $23K |
| Exercise | Class A Common Stock | 8,333 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 2,523 | $16.60 | $42K |
| Exercise | Class A Common Stock | 3,995 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 1,153 | $16.60 | $19K |
Holdings After Transaction:
Restricted Stock Units — 29,863 shares (Direct);
Class A Common Stock — 21,957 shares (Direct)
Footnotes (5)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A common stock ("Common Stock"). The RSUs will be settled in either Common Stock or cash (or a combination thereof) at the discretion of the Issuer's compensation committee.
- F2. Represents the withholding of shares of Common Stock for tax purposes in connection with the settlement of RSUs.
- F3. Each RSU represents a contingent right to receive one share of Common Stock. The RSUs will be settled in either Common Stock or cash (or a combination thereof) at the discretion of the Issuer's compensation committee. The remaining RSUs vest on the third anniversary of April 1, 2024, subject to the Reporting Person's continued employment.
- F4. Each RSU represents a contingent right to receive one share of Common Stock. The RSUs will be settled in either Common Stock or cash (or a combination thereof) at the discretion of the Issuer's compensation committee. The remaining RSUs vest on the second and third anniversaries of April 1, 2025, subject to the Reporting Person's continued employment.
- F5. Represents additional RSUs granted to the Reporting Person on April 1, 2026. Each RSU represents a contingent right to receive one share of Common Stock. The RSUs will be settled in either Common Stock or cash (or a combination thereof) at the discretion of the Issuer's compensation committee. The RSUs shall vest in one-third increments upon the first, second and third anniversaries of the vesting reference date, April 1, 2026, subject to the Reporting Person's continued employment.
Key Figures
Shares acquired via exercises: 16,360 shares
Shares withheld for taxes: 5,053 shares at $16.60
Post-transaction holdings: 21,957 shares
+3 more
6 metrics
Shares acquired via exercises
16,360 shares
Class A common stock from equity award exercises on April 1, 2026
Shares withheld for taxes
5,053 shares at $16.60
Tax-withholding dispositions tied to RSU settlements
Post-transaction holdings
21,957 shares
Direct Class A common stock ownership after April 1, 2026 transactions
New RSU grant
13,539 RSUs
Grant on April 1, 2026, vesting in one-third increments over three years
Tax-withholding transactions
3 entries
Form 4 summary shows 5,053 total tax-withholding shares
Equity exercises
3 exercises, 16,360 shares
Derivative exercises or conversions on April 1, 2026
Key Terms
Restricted Stock Units, contingent right to receive one share, tax purposes, compensation committee, +2 more
6 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax purposes financial
"Represents the withholding of shares of Common Stock for tax purposes in connection with the settlement of RSUs."
compensation committee financial
"settled in either Common Stock or cash ... at the discretion of the Issuer's compensation committee."
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
vest financial
"The RSUs shall vest in one-third increments upon the first, second and third anniversaries"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did FOA’s Chief Accounting Officer report in this Form 4 filing?
FOA’s Chief Accounting Officer, Tai A. Thornock, reported exercises of equity awards into 16,360 shares of Class A common stock, tax-withholding of 5,053 shares, and a new grant of 13,539 restricted stock units that vest over three years, all as part of compensation.
Were any of Tai A. Thornock’s FOA transactions open-market buys or sells?
No open-market buys or sells were reported. The Form 4 shows exercises of derivative awards into 16,360 FOA Class A shares and 5,053 shares withheld at $16.60 per share solely to satisfy tax obligations, rather than discretionary market trading activity.
What restricted stock unit (RSU) grant did FOA’s CAO receive on April 1, 2026?
On April 1, 2026, FOA’s Chief Accounting Officer received 13,539 restricted stock units. Each RSU is a contingent right to one Class A share and will vest in one-third increments on the first, second, and third anniversaries of April 1, 2026, subject to continued employment.
How do FOA’s reported RSUs for Tai A. Thornock settle and vest?
Each RSU corresponds to one FOA Class A share and may be settled in stock, cash, or a mix at the compensation committee’s discretion. Certain remaining RSUs vest on future anniversaries of April 1, 2024, April 1, 2025, and April 1, 2026, conditioned on continued employment.