Form 4: Fidelity National Financial Director Ammerman Acquires Phantom Stock

Director Douglas K. Ammerman acquired phantom stock in Fidelity National Financial through a deferred compensation plan.

Summary

• On March 31, 2024, Douglas K. Ammerman, a director of Fidelity National Financial, Inc. (FNF), acquired 309.6262 shares of FNF phantom stock.
• The acquisition was made pursuant to the Deferred Compensation Plan.
• Each share of phantom stock is the economic equivalent of one share of FNF stock.
• The price of the phantom stock was $53.1.
• Following the transaction, Ammerman directly owns 22,843.2675 shares of FNF phantom stock.
• Shares of phantom stock are payable in cash following the reporting person's termination of service as a director.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a routine transaction related to executive compensation. It doesn't inherently indicate positive or negative performance for the company.

Positives

• The acquisition of phantom stock by a director could be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The phantom stock is payable in cash following the reporting person's termination of service as a director.

Industry Context

This filing is a routine disclosure of a director's acquisition of phantom stock, which is a common form of executive compensation in publicly traded companies.

Comparison to Industry Standards

• Executive compensation packages, including phantom stock, are common in the financial services industry.
• Companies like Black Knight Financial Services (now part of ICE), Stewart Information Services, and First American Financial Corporation also utilize similar compensation strategies to align executive interests with shareholder value.

Stakeholder Impact

• The acquisition of phantom stock aligns the director's interests with those of the shareholders, as the value of the phantom stock is tied to the performance of the company's stock.

Key Dates