First American Financial Corp 8-K

What Happened
First American Financial Corporation announced on April 29, 2026 that its Board and Executive Chairman Dennis J. Gilmore mutually agreed to cancel all outstanding and unvested restricted stock units (RSUs) and performance‑based restricted stock units (PRSUs) that had been granted to Mr. Gilmore on June 20, 2025. At the time of cancellation the awards remained fully unvested and were cancelled in full. The cancellation was voluntary and not made in exchange for any other equity or cash compensation.

Key Details

• Officer: Dennis J. Gilmore, Executive Chairman.
• Grant date of awards: June 20, 2025.
• Cancellation date/filed: April 29, 2026 (Form 8‑K, Item 5.02).
• All awards were unvested and cancelled in full; cancellation not exchanged for other compensation.
• Company filed the RSU and PRSU Cancellation Agreement as Exhibit 10.1.

Why It Matters
The cancellation removes any possibility those specific awards would vest and convert into shares or require related compensation expense in the future. Because the cancellation was voluntary and not part of a cash or replacement award, the filing indicates no immediate cash payment or new equity grant tied to this action. Investors should note this is a disclosure about executive compensation details (Item 5.02) and the company did not state any material financial statement impact in the filing.