FIRST ADVANTAGE CORP·4

Mar 3, 5:10 PM ET

Marks Steven Irwin 4

4 · FIRST ADVANTAGE CORP · Filed Mar 3, 2026

Research Summary

AI-generated summary of this filing

Updated

First Advantage (FA) CFO Marks Irwin Receives RSU Vesting (4,737; 3,062 net)

What Happened

  • Marks Steven Irwin, CFO of First Advantage Corp (FA), had restricted stock units (RSUs) convert to common shares on 2026-02-28. A total of 4,737 RSUs vested/converted. Of those, 1,675 shares were withheld to cover tax obligations at $11.51 per share (total tax withholding $19,279), leaving a net 3,062 shares issued to him.
  • This was a compensation vesting event (conversion of derivatives/RSUs), not an open-market purchase or sale.

Key Details

  • Transaction date: 2026-02-28; Form 4 filed 2026-03-03 (filing appears timely).
  • Actions reported: conversion/exercise of derivatives (code M) for 4,737 shares; tax withholding (code F) of 1,675 shares at $11.51/share for $19,279.
  • Net shares delivered to insider: 3,062 shares (4,737 vested − 1,675 withheld).
  • Shares owned after the transaction: not specified in the filing.
  • Relevant footnotes: F1 (RSUs settle in stock or cash), F3 (shares withheld to cover tax withholding), and F4–F6 (original grant dates and multi-year vesting schedules for the RSUs).

Context

  • These entries reflect routine RSU vesting and tax-withholding (a common form of executive compensation). The withholding is effectively a cashless settlement to satisfy tax obligations; it is not a market sale expressing sentiment.
  • Derivative code M here indicates conversion/exercise of RSUs into shares; code F denotes shares withheld for taxes.

Insider Transaction Report

Form 4
Period: 2026-02-27
Marks Steven Irwin
Chief Financial Officer
Transactions
  • Exercise/Conversion

    Common Stock

    [F1][F2]
    2026-02-28+1,14632,285 total
  • Exercise/Conversion

    Common Stock

    [F1]
    2026-02-28+1,36333,648 total
  • Exercise/Conversion

    Common Stock

    [F1]
    2026-02-28+2,22835,876 total
  • Tax Payment

    Common Stock

    [F3]
    2026-02-28$11.51/sh1,675$19,27934,201 total
  • Exercise/Conversion

    Restricted Stock Units

    [F1][F4]
    2026-02-281,1460 total
    Common Stock (1,146 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F1][F5]
    2026-02-281,3631,363 total
    Common Stock (1,363 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F1][F6]
    2026-02-282,2284,457 total
    Common Stock (2,228 underlying)
Footnotes (6)
  • [F1]Each restricted stock unit (RSU) represents a contingent right to receive one share of common stock. The RSUs will be settled in either common stock or cash (or a combination thereof).
  • [F2]Includes shares of common stock acquired under the Employee Stock Purchase Plan of the Issuer.
  • [F3]Represents shares withheld in connection with the vesting of RSUs to cover tax withholding obligations.
  • [F4]Represents RSUs originally granted on March 16, 2022, which vest in four equal installments, beginning on February 28, 2023, subject to continued service through such dates.
  • [F5]Represents RSUs originally granted on March 1, 2023, which vest in four equal installments, beginning on February 28, 2024, subject to continued service through such dates.
  • [F6]Represents RSUs originally granted on March 4, 2024, which vest in four equal installments, beginning on February 28, 2025, subject to continued service through such dates.
Signature
/s/ Steven I. Marks|2026-03-03

Documents

1 file
  • 4
    form4.xmlPrimary

    PRIMARY DOCUMENT