Form 4: First American Director Gifts Shares, Updates Holdings

First American Financial Corp Director Parker S. Kennedy reported gifting 2,950 shares of common stock indirectly through limited partnership interests.

Summary

• Parker S. Kennedy, a Director of First American Financial Corp (FAF), reported a disposition of 2,950 shares of common stock.
• The transaction occurred on November 10, 2025, and was categorized as a gift (transaction code G) with a price of $0 per share.
• The shares were disposed of indirectly through separate gifts of limited partnership interests in Kennedy Enterprises, L.P. to eight individuals.
• Each gift represented approximately a 0.0170% interest in Kennedy Enterprises, L.P., and the transaction did not result in the acquisition or disposition of any First American shares by the partnership itself.
• Following the transaction, Parker S. Kennedy indirectly beneficially owns 2,165,546 shares through Kennedy Enterprises, L.P., where he is the sole general partner.
• He also directly beneficially owns 191,689 shares, which includes 2,587 unvested Restricted Stock Units (RSUs) acquired through an original grant and dividend reinvestment.
• These 2,587 unvested RSUs are scheduled to vest on February 24, 2026, which is the first anniversary of their grant date.

Sentiment

Score: 5

Explanation: A neutral score as this is a routine insider gift transaction with no direct positive or negative implications for the company's operational or financial performance. It reflects a personal financial decision by a director.

Future Outlook

NA

Industry Context

This Form 4 filing details an insider transaction, which is a routine disclosure for publicly traded companies. It does not provide information related to broader industry trends or the competitive landscape of First American Financial Corp.

Related Party Transactions

• The filing details Parker S. Kennedy, a director, gifting limited partnership interests in Kennedy Enterprises, L.P. to eight individuals. Kennedy Enterprises, L.P. holds First American Financial Corp common stock, and the reporting person is its sole general partner, with himself and his wife as limited partners. This transaction represents a personal dealing by a director that indirectly affects his beneficial ownership of company shares.

Stakeholder Impact

• Shareholders: The transaction represents a minor reduction in a director's indirect beneficial ownership, which is a personal financial decision and not expected to have a material impact on the company's operations or share price.
• Employees, Customers, Suppliers, Creditors: No direct impact is expected on these stakeholders as the transaction is a personal gift of shares by a director.

Next Steps

• The 2,587 unvested Restricted Stock Units held directly by Parker S. Kennedy are scheduled to vest on February 24, 2026.

Key Dates

Keywords

First American Financial Corp, FAF, Parker S. Kennedy, Director, SEC Form 4, Insider Transaction, Stock Gift, Beneficial Ownership, Limited Partnership, Restricted Stock Units