GILMORE DENNIS J 4

What Happened

• Dennis J. Gilmore, a director of First American Financial Corp (FAF), was granted 2,418 restricted stock units (RSUs) on 2026-02-19. The award was reported at $0.00 per share (no cash paid) and therefore has no immediate cash value in the Form 4.
• The grant is unvested and, per the filing footnote, vests on 2027-02-19 (the first anniversary of the grant). This is a compensation award (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-19; Filing date: 2026-02-23 (filed within the typical 2-business-day window).
• Shares granted: 2,418 RSUs; price: $0.00; immediate reported dollar value: $0.
• Shares owned/other holdings noted in filing: includes other unvested RSUs reported in footnotes — 2,609 RSUs (original grant of 2,522, vesting 02/24/2026) and 13,201 RSUs (original 12,980, vesting in three equal annual increments beginning 06/20/2026). Footnote F3 specifically references the 2,418 RSUs from this grant.
• Footnote F4 explains certain amounts consist of issuer contributions, purchases, and dividend reinvestments in accounts exempt from Section 16 short-swing reporting.
• Timeliness: filing appears timely (filed on the second business day after the grant).

Context

• RSU awards are compensation that convert to shares only upon vesting; they do not indicate an immediate purchase or sale and are a routine form of director/executive compensation.
• For retail investors, awards like this are informative about how the company compensates leadership but are not a direct bullish or bearish trade signal since no cash was committed or shares sold.