RSU tax share dispositions by First American (NYSE: FAF) CEO
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
First American Financial Corp Chief Executive Officer Mark Edward Seaton reported tax-related share dispositions tied to restricted stock unit vesting. On February 24, 2026, 5,323 shares of common stock were withheld at $66.34 per share to cover tax liabilities, leaving 231,744.837 shares directly owned afterward.
On February 23, 2026, 7,030 shares were similarly withheld at $67.36 per share, with 237,067.837 shares directly owned after that transaction. Footnotes state these were payments of tax liabilities by withholding securities and detail multiple unvested RSU awards that vest in three equal annual installments starting on specified future anniversaries.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Seaton Mark Edward
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 5,323 | $66.34 | $353K |
| Tax Withholding | Common Stock | 7,030 | $67.36 | $474K |
Holdings After Transaction:
Common Stock — 231,744.837 shares (Direct)
Footnotes (1)
- Payment of tax liability by withholding securities incident to the vesting of restricted stock units. Includes 7,671 unvested Restricted Stock Units ("RSUs") acquired pursuant to an original grant of 21,414 RSUs and shares acquired through automatic dividend reinvestment, vesting in three equal annual increments commencing 2/22/2025, the first anniversary of the grant. Includes 29,607 unvested RSUs acquired pursuant to an original grant of 28,606 RSUs and shares acquired through automatic dividend reinvestment, vesting in three equal annual increments commencing 2/24/2026, the first anniversary of the grant. Includes 12,981 unvested RSUs acquired pursuant to an original grant of 12,763 RSUs and shares acquired through automatic dividend reinvestment, vesting in three equal annual increments commencing 6/20/2026, the first anniversary of the grant. Includes 65,084 unvested RSUs acquired pursuant to a grant vesting in three equal annual increments commencing 2/19/2027, the first anniversary of the grant. Includes 19,734 unvested RSUs acquired pursuant to an original grant of 28,606 RSUs and shares acquired through automatic dividend reinvestment, vesting in three equal annual increments commencing 2/24/2026, the first anniversary of the grant.
FAQ
What insider transactions did First American Financial (FAF) report for its CEO?
First American’s CEO Mark Edward Seaton reported two tax-withholding dispositions of common stock linked to restricted stock unit vesting. These transactions used company shares to satisfy tax obligations rather than open-market sales, while Seaton retained a substantial remaining direct ownership position afterward.
What do the footnotes reveal about the CEO’s restricted stock units at First American (FAF)?
Footnotes describe several unvested restricted stock unit grants, including tranches of 7,671, 29,607, 12,981, 65,084, and 19,734 RSUs. These awards vest in three equal annual increments, beginning on specified first-anniversary dates such as February 22, 2025 and February 24, 2026.
Were the CEO’s First American (FAF) transactions open-market sales or tax-withholding events?
The transactions were tax-withholding dispositions, coded “F” and described as payment of tax liability by withholding securities incident to restricted stock unit vesting. This indicates shares were retained by the company to cover taxes, rather than being sold in the open market.