Adams Steven A 4

What Happened

• Steven A. Adams, Vice President and Chief Accounting Officer of First American Financial Corp. (FAF), received an award of 3,351 restricted stock units (RSUs) on 2026-02-19. The grant is reported as an acquisition (transaction code A) at $0.00 per share (no cash exchanged).
• The RSUs vest in three equal annual installments beginning on 2/19/2027. As an award (compensation), this is not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-02-19; 3,351 RSUs; $0.00 per share (total reported value $0).
• Vesting: three equal annual increments commencing 2/19/2027 (first anniversary).
• Footnotes in the filing show other unvested RSUs for Adams: F1 = 549 unvested RSUs (from an original 1,889 grant), F2 = 1,758 unvested RSUs (from an original 2,456 grant), F3 = 3,207 unvested RSUs (from an original 3,103 grant and dividend reinvestment), and F4 = the 3,351 unvested RSUs from this grant. Together these footnotes indicate 8,865 unvested RSUs across grants.
• Shares owned after the transaction are not explicitly reported in the provided filing summary; the footnotes enumerate unvested RSUs as noted above.
• Filing: Reported on 2026-02-23 for a 2026-02-19 transaction; this appears to be filed within the required two business days.

Context

• RSUs convert to ordinary shares only as they vest; recipients do not receive tradable shares or proceeds at grant. Such awards are standard long-term compensation and do not, by themselves, indicate insider buying or selling intent.