Wahl Deborah 4

What Happened

• Deborah Wahl, a director of First American Financial Corp (FAF), received an award of 2,418 restricted stock units (RSUs) on 2026-02-19. The reported acquisition price is $0.00 (typical for RSU grants), so the reported cash value at grant is $0; value will be realized if and when the RSUs vest and convert to shares.
• The grant is reported under transaction code "A" (award/grant). Per the filing, these 2,418 RSUs vest on 2027-02-19 (first anniversary of the grant).

Key Details

• Transaction date: 2026-02-19; Form 4 filed: 2026-02-23 (filed on the second business day after the transaction, which appears timely).
• Shares reported acquired: 2,418 RSUs at $0.00 (grant). Total cash paid: $0 (RSUs are awarded, not purchased).
• Shares owned after the transaction: not specified in the information provided in this summary.
• Footnotes of note:
  • F2: Confirms the 2,418 RSUs vest on 2027-02-19.
  • F1: Separately, the filing also references 2,609 unvested RSUs from an earlier grant (originally 2,522 RSUs plus dividend reinvestment) that vest 2026-02-24.
  • F3: Indicates receipt of certain shares from vested RSUs and related dividend-reinvested shares have been deferred (a deferral election).
• Transaction code: A = Award/Grant.

Context

• RSU grants are compensatory awards that convert to shares on vesting; they are not purchases and do not necessarily signal a purchase-driven bullish bet by the insider. The financial benefit to the insider depends on the stock price at vesting and any deferral elections.
• This filing documents director compensation (awarded equity). No sale or open-market purchase was reported in this transaction.