Marks Steven Irwin 4
4 · FIRST ADVANTAGE CORP · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
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
Marks Steven Irwin
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
[F1][F2]2026-02-28+1,146→ 32,285 total - Exercise/Conversion
Common Stock
[F1]2026-02-28+1,363→ 33,648 total - Exercise/Conversion
Common Stock
[F1]2026-02-28+2,228→ 35,876 total - Tax Payment
Common Stock
[F3]2026-02-28$11.51/sh−1,675$19,279→ 34,201 total - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-02-28−1,146→ 0 total→ Common Stock (1,146 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F5]2026-02-28−1,363→ 1,363 total→ Common Stock (1,363 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F6]2026-02-28−2,228→ 4,457 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