Jardine Bret T 4
4 · FIRST ADVANTAGE CORP · Filed May 13, 2026
Research Summary
AI-generated summary of this filing
First Advantage (FA) CLO Bret Jardine Sells 682 Shares
What Happened
- Bret T. Jardine, Chief Legal Officer of First Advantage Corp (FA), had 976 restricted stock units (RSUs vest) converted to common shares on May 11, 2026. Of those 976 shares, 294 were withheld to cover tax obligations (value $4,716) and 682 were sold in an open‑market transaction (682 @ $16.12, proceeds $10,994). The transactions were reported on a Form 4 filed May 13, 2026.
Key Details
- Transaction dates and prices:
- May 11, 2026: 976 RSUs converted to shares (reported as derivative exercise/ conversion, code M).
- May 11, 2026: 294 shares withheld for tax withholding (code F) at $16.04 per share; reported value $4,716.
- May 12, 2026: 682 shares sold in the open market (code S) at $16.12 per share; reported proceeds $10,994.
- Shares owned after the transactions: not specified in the filing.
- Notable footnotes:
- RSUs settle in stock or cash (F1).
- 294 shares withheld to cover tax withholding (F3).
- The 682‑share sale was executed pursuant to a Rule 10b5‑1 trading plan adopted Aug 8, 2025 (F4).
- The RSUs were part of a grant made May 11, 2023 that vests in four equal annual installments beginning May 11, 2024 (F5).
- Filing timeliness: Form 4 filed May 13, 2026 for a May 11, 2026 transaction — reported within the standard Form 4 window.
Context
- These entries reflect the vesting/settlement of RSUs and standard post‑vesting handling: shares withheld to satisfy tax withholding and the remaining shares sold under a pre‑arranged 10b5‑1 plan. This is a routine insider transaction tied to compensation vesting rather than a separate open‑market purchase.
Insider Transaction Report
Form 4
Jardine Bret T
Chief Legal Officer
Transactions
- Exercise/Conversion
Common Stock
[F1][F2]2026-05-11+976→ 7,984 total - Tax Payment
Common Stock
[F3]2026-05-11$16.04/sh−294$4,716→ 7,690 total - Sale
Common Stock
[F4]2026-05-12$16.12/sh−682$10,994→ 7,008 total - Exercise/Conversion
Restricted Stock Units
[F1][F5]2026-05-11−976→ 976 total→ Common Stock (976 underlying)
Footnotes (5)
- [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]Shares were sold pursuant to a Rule 10b5-1 trading plan that was adopted by the reporting person on August 8, 2025.
- [F5]Represents RSUs originally granted on May 11, 2023, which vest in four equal annual installments, beginning on May 11, 2024, subject to continued service through such dates.
Signature
/s/ Bret T. Jardine|2026-05-13