Form 4: First American Financial Corp: Officer Lisa W. Cornehl Reports Stock Transaction
SEC Form 4 Filing
Lisa W. Cornehl, SVP, Chief Legal Officer of First American Financial Corp, reports the disposition of 634 shares of common stock to cover tax liabilities related to vesting restricted stock units on February 18, 2025.
Summary
- On February 18, 2025, Lisa W. Cornehl, SVP, Chief Legal Officer of First American Financial Corp, disposed of 634 shares of common stock.
- The transaction was to cover tax liabilities related to the vesting of restricted stock units.
- The price per share was $63.66.
- Following the transaction, Cornehl beneficially owns 18,938.96 shares of common stock.
- This includes several unvested Restricted Stock Units (RSUs) from various grants that vest over time.
Sentiment
Score: 5
Explanation: This is a neutral report of a routine transaction. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
This is a routine disclosure of an insider transaction, common for executives receiving stock-based compensation.
Key Dates
| Date | Description |
|---|---|
| 02/22/2023 | First anniversary of original RSU grants with vesting schedules. |
| 02/16/2024 | First anniversary of original RSU grant with vesting schedule. |
| 02/05/2025 | Compensation Committee certified performance for Performance Stock Units. |
| 02/18/2025 | Date of stock transaction (disposal of shares). |
| 02/22/2025 | Third anniversary of original grant, RSUs will vest. |
| 02/22/2025 | First anniversary of original RSU grant with vesting schedule. |
| 02/20/2025 | Date of signature for the report. |
Keywords
Form 4, Insider Trading, Stock Transaction, Restricted Stock Units, FAF, First American Financial Corp, Lisa W. Cornehl
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