GILYARD REGINALD HAROLD 4
Research Summary
AI-generated summary
First American (FAF) Director Reginald Gilyard Receives RSU Award
What Happened
Reginald H. Gilyard, a director of First American Financial Corp (FAF), was granted 2,418 restricted stock units (RSUs) on 2026-02-19. The RSUs were reported as acquired at $0.00 (an award/compensation grant), and they are unvested at the time of the filing.
Key Details
- Transaction date: 2026-02-19; transaction type: A (award/grant) — 2,418 RSUs acquired at $0.00.
- Vesting: Footnote F2 indicates these 2,418 RSUs vest on 2027-02-19 (first anniversary of the grant).
- Other holdings noted: Footnote F1 references 2,609 unvested RSUs (from an earlier grant of 2,522 RSUs plus dividend reinvestment) vesting 2026-02-24; Footnote F3 notes 682.680 fractional shares acquired via dividend reinvestment since the last filing.
- Filing date: 2026-02-23 for a 2026-02-19 transaction — filed within the typical two-business-day Form 4 window (timely).
- The filing does not report a total post-transaction beneficial ownership number for the reporting person.
Context
This was an equity award (RSUs), a common form of compensation for directors and executives. RSUs are not an immediate cash purchase or sale — they represent a future right to receive shares if and when they vest; therefore this grant does not represent an open-market purchase or realization of proceeds. As a director (not identified as a 10% owner), this activity is compensation-related rather than a direct bullish/personal buy signal.