Thornock Tai A. 4
4 · Finance of America Companies Inc. · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
Finance of America (FOA) CAO Tai A. Thornock Receives RSUs; Tax Withholding
What Happened
- Tai A. Thornock, Chief Accounting Officer of Finance of America Companies, had previously granted restricted stock units (RSUs) convert/vest on April 1, 2026. A total of 16,360 RSUs converted into shares; 5,053 of those shares were withheld to cover tax obligations (withholding at $16.60 per share, totaling $83,880), leaving 11,307 shares delivered to Thornock.
- On the same date Thornock was granted 13,539 additional RSUs (a new award). The new RSUs are subject to future vesting.
Key Details
- Transaction date: April 1, 2026; Form 4 filed April 3, 2026 (two days after the transactions).
- Converted RSUs: 4,032 + 8,333 + 3,995 = 16,360 shares converted.
- Shares withheld for taxes (dispositions): 1,377 + 2,523 + 1,153 = 5,053 shares; withholding price reported at $16.60 per share = $83,880.
- Net shares delivered to insider from vesting: 11,307 shares.
- New grant: 13,539 RSUs granted on April 1, 2026 (see footnote F5). Vesting: the F5 grant vests in one‑third increments on the 1st, 2nd and 3rd anniversaries of April 1, 2026, subject to continued employment. Other footnotes (F1–F4) note that RSUs may be settled in stock or cash at the issuer’s discretion and describe schedules for remaining previously granted RSUs.
- Transaction codes: M = conversion/exercise of derivative (RSU conversion), F = shares withheld to satisfy tax withholding, A = grant/award.
- Filing timeliness: Filed Apr 3 for Apr 1 transactions; Form 4 is typically due within two business days and this filing appears timely.
Context
- These transactions reflect routine RSU vesting and tax-withholding rather than open-market buying or selling. The withheld shares were used to pay taxes (not sold on the open market), and the new RSUs are contingent awards that vest over time. Such grants and withholdings are common components of executive compensation and do not by themselves indicate management’s view on the company’s stock.
Insider Transaction Report
Form 4
Thornock Tai A.
Chief Accounting Officer
Transactions
- Exercise/Conversion
Class A Common Stock
[F1]2026-04-01+4,032→ 14,682 total - Tax Payment
Class A Common Stock
[F2]2026-04-01$16.60/sh−1,377$22,858→ 13,305 total - Exercise/Conversion
Class A Common Stock
[F3]2026-04-01+8,333→ 21,638 total - Tax Payment
Class A Common Stock
[F2]2026-04-01$16.60/sh−2,523$41,882→ 19,115 total - Exercise/Conversion
Class A Common Stock
[F4]2026-04-01+3,995→ 23,110 total - Tax Payment
Class A Common Stock
[F2]2026-04-01$16.60/sh−1,153$19,140→ 21,957 total - Exercise/Conversion
Restricted Stock Units
[F1]2026-04-01−4,032→ 0 total→ Class A Common Stock (4,032 underlying) - Exercise/Conversion
Restricted Stock Units
[F3]2026-04-01−8,333→ 8,334 total→ Class A Common Stock (8,333 underlying) - Exercise/Conversion
Restricted Stock Units
[F4]2026-04-01−3,995→ 7,990 total→ Class A Common Stock (3,995 underlying) - Award
Restricted Stock Units
[F5]2026-04-01+13,539→ 13,539 total→ Class A Common Stock (13,539 underlying)
Footnotes (5)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A common stock ("Common Stock"). The RSUs will be settled in either Common Stock or cash (or a combination thereof) at the discretion of the Issuer's compensation committee.
- [F2]Represents the withholding of shares of Common Stock for tax purposes in connection with the settlement of RSUs.
- [F3]Each 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) at the discretion of the Issuer's compensation committee. The remaining RSUs vest on the third anniversary of April 1, 2024, subject to the Reporting Person's continued employment.
- [F4]Each 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) at the discretion of the Issuer's compensation committee. The remaining RSUs vest on the second and third anniversaries of April 1, 2025, subject to the Reporting Person's continued employment.
- [F5]Represents additional RSUs granted to the Reporting Person on April 1, 2026. Each 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) at the discretion of the Issuer's compensation committee. The RSUs shall vest in one-third increments upon the first, second and third anniversaries of the vesting reference date, April 1, 2026, subject to the Reporting Person's continued employment.
Signature
/s/ Tracy Lowe, as power of attorney for Tai A. Thornock|2026-04-03