First American Financial Corp·4

Jun 24, 7:42 PM ET

GILMORE DENNIS J 4

Research Summary

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First American (FAF) Director Dennis Gilmore Receives Award of 14,570 RSUs

What Happened
Dennis J. Gilmore, a director of First American Financial Corp (FAF), received a grant of 14,570 restricted stock units (RSUs) on 2026-06-22. The grant was reported on a Form 4 filed 2026-06-24. The reported acquisition price is $0.00 (typical for RSU awards); the grant is an award/compensation transaction (transaction code A).

Key Details

  • Transaction date: 2026-06-22; Filing date: 2026-06-24 (filed within the usual 2-business-day Form 4 window — timely).
  • Grant: 14,570 RSUs; reported price $0.00 (no cash paid).
  • Vesting for the 14,570 RSUs: vests in two equal annual increments beginning 6/22/2027 (first anniversary), with the remainder vesting one year later.
  • Footnote F1: filing also references 2,458 unvested RSUs (from an earlier grant of 2,418 plus dividend reinvestment) that vest 2/19/2027.
  • Footnote F3: describes other shares in the account from company match, purchases, and dividend reinvestment (details on total shares owned after the transaction were not provided in the excerpt).
  • Transaction type: Award/Grant (A); not a market purchase or sale.

Context
RSU grants are a form of compensation and do not require an immediate cash outlay; they only convert into shares if and when they vest. Such awards are routine for directors and executives and do not by themselves indicate buying or selling sentiment. The filing appears timely and purely reports compensation-related awards rather than open-market trades.