Adams Steven A 4
4 · First American Financial Corp · Filed Feb 5, 2026
Research Summary
AI-generated summary of this filing
First American (FAF) VP Steven A. Adams Receives Award
What Happened
Steven A. Adams, Vice President and Chief Accounting Officer of First American Financial Corp (FAF), was credited with 2,050 restricted stock units (RSUs) on February 4, 2026. The Form 4 reports the acquisition as 2,050 shares at $0.00 (total reported value $0). Per the filing, these RSUs were resulting from the conversion/certification of an original grant of 1,351 Performance Stock Units and will vest on February 16, 2026 (the third anniversary of that grant).
Key Details
- Transaction date: 2026-02-04; transaction type: Award/Grant (code A).
- Reported price: $0.00 per share; reported acquisition value: $0.
- Vesting: Footnote F5 says these 2,050 unvested RSUs were certified for performance on 2/4/2026 and will vest on 2/16/2026.
- Other holdings noted in footnotes: multiple unvested RSU tranches from prior grants (F1–F4) and shares acquired via dividend reinvestment (F6) and the ESPP (F7).
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Filing timeliness: Reported on 2026-02-05 for a 2026-02-04 transaction (filed promptly).
Context
This is an award/vesting-related entry (performance units certified and reported as RSUs), not an open-market buy or sale. The $0 reporting is typical for awards where no cash purchase occurred; the economic value to the insider depends on FAF’s share price when the units vest and convert to shares. Awards and vesting are part of compensation and do not by themselves indicate an insider’s intent to buy or sell shares.
Insider Transaction Report
- Award
Common Stock
[F1][F2][F3][F4][F5][F6][F7]2026-02-04+2,050→ 11,835.893 total
Footnotes (7)
- [F1]Includes 549 unvested Restricted Stock Units ("RSUs") acquired pursuant to an original grant of 1,889 RSUs and shares acquired through automatic dividend reinvestment, vesting in four equal annual increments commencing 2/22/2023, the first anniversary of the grant.
- [F2]Includes 893 unvested RSUs acquired pursuant to an original grant of 2,388 RSUs and shares acquired through automatic dividend reinvestment, vesting in three equal annual increments commencing 2/16/2024, the first anniversary of the grant.
- [F3]Includes 1,758 unvested RSUs acquired pursuant to an original grant of 2,456 RSUs and shares acquired through automatic dividend reinvestment, vesting in three equal annual increments commencing 2/22/2025, the first anniversary of the grant.
- [F4]Includes 3,207 unvested RSUs acquired pursuant to an original grant of 3,103 RSUs and shares acquired thorugh automatic dividend reinvestment, vesting in three equal annual increments commencing 2/24/2026, the first anniversary of the grant.
- [F5]Includes 2,050 unvested RSUs, acquired pursuant to an original grant of 1,351 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.
- [F6]Includes 111.150 shares acquired through an automatic dividend reinvestment plan administered by the reporting person's broker since the reporting person's last filing made pursuant to Section 16(a) of the Securities Exchange Act of 1934. Fractional share amounts may vary slightly from prior reports due to rounding.
- [F7]Includes 217.837 shares acquired under the issuer's Employee Stock Purchase Plan since the reporting person's last filing made pursuant to Section 16(a) of the Securities Exchange Act of 1934. Fractional share amounts may vary slightly from prior reports due to rounding.