Adams Steven A 4

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.