GILMORE DENNIS J 4
Research Summary
AI-generated summary
First American (FAF) Director Dennis Gilmore Cancels 13,311 RSUs
What Happened
Dennis J. Gilmore, a director of First American Financial Corp (FAF), recorded a disposition to the issuer on 2026-04-29: 13,311 shares (unvested Restricted Stock Units) were cancelled. The Form 4 shows a price of $0.00 and $0 total proceeds, indicating these RSUs were forfeited/cancelled rather than sold on the open market.
Key Details
- Transaction date: 2026-04-29; Form 4 filed: 2026-05-01 (timely filing).
- Reported transaction: Disposition to issuer (code D) — 13,311 shares at $0.00; $0 proceeds.
- Shares owned after transaction: not specified in the filing.
- Footnotes of note:
- F1: The 13,311 cancelled RSUs include an original grant of 12,980 RSUs (6/20/2025) plus shares from automatic dividend reinvestment.
- F2: Separately, 2,438 unvested RSUs (original grant of 2,418 RSUs plus dividend reinvestments) remain and vest on 2/19/2027.
- F3: Other reported holdings consist of company match, purchases, and dividend reinvestments per the most recent account statement (transactions exempt under rules 16a-3(f)(1)(i)(B) and 16b-3(c)).
Context
This transaction reflects a cancellation/forfeiture of RSUs back to the issuer, not an open-market sale or purchase, so it does not provide a direct buy/sell signal about the director’s market view. No cash changed hands per the filing.