KENNEDY PARKER S 4

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.