KENNEDY PARKER S 4
4 · First American Financial Corp · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
First American (FAF) Director Kennedy Parker S Buys 59,841 Shares
What Happened
Kennedy Parker S, a director of First American Financial Corp (FAF), made three open-market purchases totaling 59,841 shares for about $4,050,101. Transactions reported: 15,000 shares on 2026-02-13 at a weighted average price of $67.17 (≈ $1,007,595); 14,841 shares on 2026-02-17 at a weighted average price of $67.70 (≈ $1,004,759); and 30,000 shares on 2026-02-17 at a weighted average price of $67.92 (≈ $2,037,747). These were purchases (buying stock), which investors often view as a positive/accumulative action by an insider.
Key Details
- Transaction dates and amounts:
- 2026-02-13 — 15,000 shares @ $67.17 (weighted avg) = $1,007,595. (Footnote F1: purchases in multiple trades at $66.69–$67.44.)
- 2026-02-17 — 14,841 shares @ $67.70 (weighted avg) = $1,004,759. (F2: purchases ranged $67.48–$67.83.)
- 2026-02-17 — 30,000 shares @ $67.92 (weighted avg) = $2,037,747. (F3: purchases ranged $67.705–$68.020.)
- Shares owned after the transactions: not specified in the provided excerpt of the Form 4.
- Other notable footnotes:
- F4 notes inclusion of 2,609 unvested RSUs (from an original grant of 2,522 RSUs plus dividend reinvestment) vesting 2/24/2026.
- F5 indicates some reported securities are held by Kennedy Enterprises, L.P., of which the reporting person is the sole general partner; the filer disclaims beneficial ownership except to the extent of pecuniary interest.
- Filing/timeliness: Form 4 was filed on 2026-02-18; given the trades on Feb 13 and Feb 17, the filing is within the customary two business-day reporting window and was not marked late.
Context
These were straightforward open-market purchases (transaction code P). No options were exercised, no gifts or sales reported in this filing. Purchases by directors are factual signals of insider accumulation but do not prove future company performance; retail investors should consider this alongside other fundamentals and news.
Insider Transaction Report
- Purchase
Common Stock
[F1]2026-02-13$67.17/sh+15,000$1,007,595→ 206,711 total - Purchase
Common Stock
[F2]2026-02-17$67.70/sh+14,841$1,004,759→ 221,552 total - Purchase
Common Stock
[F3][F4]2026-02-17$67.92/sh+30,000$2,037,747→ 251,552 total
- 2,165,546(indirect: By Partnership)
Common Stock
[F5]
Footnotes (5)
- [F1]The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $66.69 to $67.44, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
- [F2]The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $67.48 to $67.83, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
- [F3]The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $67.705 to $68.020, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
- [F4]Includes 2,609 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.
- [F5]The reported securities are held by Kennedy Enterprises, L.P., a limited partnership of which the reporting person is the sole general partner. The reporting person and his wife are also limited partners of the partnership. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.