Form 4: FNF EVP reports tax withholding disposal
Insider Transaction (Form 4)
Fidelity National Financial EVP Michael L. Gravelle disposed of 4,561 shares via tax withholding (Code F) on Nov. 15, 2025, and now directly owns 302,843.6147 shares.
Summary
- Executive Vice President Michael L. Gravelle recorded a Code F transaction on 11/15/2025, disposing of 4,561 shares to cover taxes tied to equity vesting.
- Transaction price was $58.26 per share.
- Direct beneficial ownership after the transaction is 302,843.6147 shares.
- Ownership is held directly; no indirect holdings disclosed in this report.
- The submission was signed by attorney-in-fact Colleen E. Haley on 11/17/2025.
Sentiment
Score: 5
Explanation: Neutral administrative insider transaction; no change to fundamentals, with continued sizable insider ownership.
Positives
- Disposition categorized as Code F (share withholding for taxes), indicating an administrative transaction rather than open-market selling.
- Executive retains a substantial direct stake of 302,843.6147 shares, aligning interests with shareholders.
Negatives
- Share count decreased by 4,561 shares, albeit for tax withholding rather than discretionary selling.
Future Outlook
No forward-looking statements or guidance provided.
Industry Context
Insider tax-withholding transactions (Code F) are routine across large-cap financial services firms when restricted stock or similar awards vest, and they are generally not viewed as directional insider selling.
Comparison to Industry Standards
- Code F transactions are standard practice among peers in title insurance and financial services (e.g., First American Financial, Old Republic) to satisfy tax obligations upon equity vesting.
- Retention of a sizable ownership stake post-withholding is typical for senior executives and is generally seen as alignment with shareholders rather than a bearish signal.
Stakeholder Impact
- Minimal direct impact to shareholders; transaction relates to routine tax withholding on equity compensation.
- No implications for customers, suppliers, or creditors indicated.
Key Dates
| Date | Description |
|---|---|
| 11/15/2025 | Transaction date for Code F tax withholding disposal of 4,561 shares at $58.26 |
| 11/17/2025 | Form signed by attorney-in-fact Colleen E. Haley |
Keywords
Fidelity National Financial, FNF, insider transaction, Form 4, beneficial ownership, tax withholding, Code F, restricted stock, executive compensation, Michael L. Gravelle
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.