Cornehl Lisa W 4

What Happened
Lisa W. Cornehl, SVP and Chief Legal Officer of First American Financial Corp (FAF), had 160 shares withheld to satisfy tax withholding obligations associated with the vesting of restricted stock units (RSUs). The 160 shares were valued at $68.63 each, for a total of $10,981. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date: 2026-06-22; Form 4 filed: 2026-06-24 (timely filing).
• Transaction type/code: F — payment of tax liability by withholding securities incident to RSU vesting.
• Shares withheld/disposed: 160 at $68.63 each; total value $10,981.
• Shares owned after transaction: not specified in the provided data (check the full Form 4 for total beneficial ownership).
• Relevant footnote: F1 confirms the withholding was to cover tax liability on vested RSUs. Additional footnotes (F2–F5) describe other outstanding unvested RSU grants and their vesting schedules (see below).
• Filing timeliness: Filed within the required reporting window (appears timely).

Context

• Tax-withholding events are administrative: shares are surrendered/withheld to cover taxes when RSUs vest and do not necessarily indicate an intent to liquidate or personal trading sentiment.
• Footnotes summary (from the filing):
  • F1: Withholding to pay tax liability on vesting RSUs.
  • F2: Includes 2,456 unvested RSUs from an original grant of 6,734 RSUs; vest in three equal annual increments starting 2/22/2025.
  • F3: Includes 6,620 unvested RSUs from an original grant of 9,432 RSUs; vest in three equal annual increments starting 2/24/2026.
  • F4: Includes 597 unvested RSUs from an original grant of 865 RSUs; vest in three equal annual increments starting 6/20/2026.
  • F5: Includes 12,277 unvested RSUs from an original grant of 12,076 RSUs; vest in three equal annual increments starting 2/19/2027.

If you want, I can pull the full Form 4 text (Accession 0001193125-26-281484) and extract total post-transaction ownership and any additional details.