KENNEDY PARKER S 4
4 · First American Financial Corp · Filed Feb 23, 2026
Research Summary
AI-generated summary of this filing
First American (FAF) Director Parker S. Kennedy Receives RSU Award
What Happened
Parker S. Kennedy, a director of First American Financial Corp (FAF), was granted 2,418 restricted stock units (RSUs) on 2026-02-19. The grant was reported at $0.00 per share (total $0 at grant). These RSUs are unvested and, per the filing, vest on 2027-02-19 (the first anniversary of the grant).
Key Details
- Transaction date: 2026-02-19; reported on Form 4 filed 2026-02-23 (timely within required reporting window).
- Grant: 2,418 RSUs reported as an award (code A) at $0.00 per share.
- Vesting: These 2,418 RSUs vest 02/19/2027 (first anniversary).
- Other holdings noted: filing also references 2,609 unvested RSUs (from an original grant of 2,522 RSUs plus dividend reinvestment) vesting 02/24/2026.
- Holdings/ownership: Reported securities are held by Kennedy Enterprises, L.P.; the reporting person disclaims beneficial ownership except to the extent of pecuniary interest (footnote F3).
- No immediate sale or open-market purchase; no tax-withholding or 10b5-1 plan indicated in the filing.
Context
This transaction is an equity award (compensation) rather than a market purchase or sale, so it reflects a grant of future shares subject to vesting rather than a current cash investment or divestment. The filing shows the grant and the relevant vesting dates; because the securities are reported through a partnership, the director disclaims direct beneficial ownership beyond economic interest.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-02-19+2,418→ 253,970 total
- 2,165,546(indirect: By Partnership)
Common Stock
[F3]
Footnotes (3)
- [F1]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.
- [F2]Includes 2,418 unvested RSUs acquired pursuant to a grant vesting 2/19/2027, the first anniversary of the grant.
- [F3]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.