First American Financial Management

Management criteria checks 4/4

First American Financial's CEO is Ken DeGiorgio, appointed in Feb 2022, has a tenure of 2.75 years. total yearly compensation is $7.07M, comprised of 11.8% salary and 88.2% bonuses, including company stock and options. directly owns 0.21% of the company’s shares, worth $14.58M. The average tenure of the management team and the board of directors is 4.1 years and 9.4 years respectively.

Key information

Ken DeGiorgio

Chief executive officer

US$7.1m

Total compensation

CEO salary percentage	11.8%
CEO tenure	2.8yrs
CEO ownership	0.2%
Management average tenure	4.1yrs
Board average tenure	9.4yrs

Recent management updates

Recent updates

First American Financial: Housing Market Malaise Outweighs Portfolio Repositioning

Nov 11

First American Financial Corporation's (NYSE:FAF) Share Price Matching Investor Opinion

Aug 19

First American Financial: Too Much Optimism Around A Recovery

Aug 12

First American Financial: Lack Of Near-Term Growth Leaves Shares With Limited Upside

May 16

First American Financial Corporation's (NYSE:FAF) Popularity With Investors Is Clear

Apr 19

First American Financial: Limited Housing Supply Leaves Shares Fully Valued

Dec 30

Getting In Cheap On First American Financial Corporation (NYSE:FAF) Might Be Difficult

Dec 25

First American Financial (NYSE:FAF) Is Paying Out A Larger Dividend Than Last Year

Aug 27

First American Financial raises dividend by 2% to $0.52/share

Aug 24

Ensemble Capital Management - First American: At Its Lowest Valuation In Over A Decade

Jul 19

Here's Why We Think First American Financial (NYSE:FAF) Is Well Worth Watching

Jun 10

Here's Why I Think First American Financial (NYSE:FAF) Is An Interesting Stock

Feb 28

CEO Compensation Analysis

How has Ken DeGiorgio's remuneration changed compared to First American Financial's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$93m
Jun 30 2024	n/a	n/a	US$195m
Mar 31 2024	n/a	n/a	US$218m
Dec 31 2023	US$7m	US$833k	US$217m
Sep 30 2023	n/a	n/a	US$237m
Jun 30 2023	n/a	n/a	US$241m
Mar 31 2023	n/a	n/a	US$211m
Dec 31 2022	US$6m	US$866k	US$263m
Sep 30 2022	n/a	n/a	US$469m
Jun 30 2022	n/a	n/a	US$912m
Mar 31 2022	n/a	n/a	US$1b
Dec 31 2021	US$5m	US$818k	US$1b
Sep 30 2021	n/a	n/a	US$1b
Jun 30 2021	n/a	n/a	US$998m
Mar 31 2021	n/a	n/a	US$867m
Dec 31 2020	US$6m	US$775k	US$696m
Sep 30 2020	n/a	n/a	US$640m
Jun 30 2020	n/a	n/a	US$645m
Mar 31 2020	n/a	n/a	US$661m
Dec 31 2019	US$5m	US$775k	US$707m
Sep 30 2019	n/a	n/a	US$575m
Jun 30 2019	n/a	n/a	US$539m
Mar 31 2019	n/a	n/a	US$508m
Dec 31 2018	US$4m	US$775k	US$474m
Sep 30 2018	n/a	n/a	US$604m
Jun 30 2018	n/a	n/a	US$474m
Mar 31 2018	n/a	n/a	US$441m
Dec 31 2017	US$4m	US$750k	US$423m

Compensation vs Market: Ken's total compensation ($USD7.07M) is about average for companies of similar size in the US market ($USD7.94M).

Compensation vs Earnings: Ken's compensation has been consistent with company performance over the past year.

CEO

Ken DeGiorgio (53 yo)

2.8yrs

Tenure

US$7,069,357

Compensation

Mr. Kenneth David DeGiorgio, BA, MBA, also known as Ken, serves as Chief Executive Officer at First American Financial Corporation since February 04, 2022 and serves as its Director since February 04, 2022...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Kenneth DeGiorgio	CEO & Director	2.8yrs	US$7.07m	0.21% $ 14.6m
Mark Seaton	Executive VP & CFO	11.7yrs	US$3.36m	0.13% $ 8.8m
Steven Adams	VP & Chief Accounting Officer	4.1yrs	US$737.14k	0.00031% $ 21.2k
Lisa Cornehl	Senior VP	3.2yrs	US$1.13m	0.0067% $ 458.4k
Matthew Wajner	VP & Treasurer	4.1yrs	US$805.25k	0.023% $ 1.6m
James Rogers	Vice President of Investments	no data	no data	no data
Jody Mulkey	Chief Technology Officer	1.3yrs	no data	no data
Shabnam Jalakian	VP & Chief Information Security Officer	no data	no data	no data
Craig Barberio	Vice President of Investor Relations	14.8yrs	no data	no data
Marcus Reese	VP & Chief Communications Officer	no data	no data	no data
Chelsea Sumrow	VP & Chief Marketing Officer	no data	no data	no data
Sharon Wingfelder	VP & Chief Human Resources Officer	no data	no data	no data

4.1yrs

Average Tenure

48yo

Average Age

Experienced Management: FAF's management team is considered experienced (4.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Kenneth DeGiorgio	CEO & Director	2.8yrs	US$7.07m	0.21% $ 14.6m
Parker Kennedy	Chairman Emeritus & Lead Independent Director	14.4yrs	US$299.98k	2.58% $ 176.2m
Mark Oman	Independent Director	11.7yrs	US$269.98k	0.044% $ 3.0m
Michael McKee	Independent Director	13.7yrs	US$269.98k	0.047% $ 3.2m
James Doti	Independent Director	14.4yrs	US$284.98k	0.067% $ 4.6m
Martha Wyrsch	Independent Director	6.5yrs	US$264.72k	0.013% $ 888.7k
Deborah Wahl	Director	less than a year	no data	no data
Dennis Gilmore	Chairman of the Board	14.4yrs	US$461.43k	0.58% $ 39.4m
Margaret McCarthy	Independent Director	9.4yrs	US$264.98k	0.023% $ 1.5m
Reginald Gilyard	Independent Director	7.5yrs	US$254.98k	0.016% $ 1.1m
Marsha Spence	Director	2.5yrs	US$226.81k	no data

9.4yrs

Average Tenure

69yo

Average Age

Experienced Board: FAF's board of directors are considered experienced (9.4 years average tenure).

First American Financial Management

Management criteria checks 4/4

Key information

Recent management updates

First American Financial Corporation Appoints Deborah L. Wahl to Board of Directors

First American Financial Corporation, Annual General Meeting, May 21, 2024

First American Financial Corporation Appoints Jody Mulkey as Chief Technology Officer

First American Financial Corporation Announces Resignation of Christopher M. Leavell as Chief Operating Officer

Insider recently sold US$2.3m worth of stock

First American Financial Corporation Appoints Marsha A. Spence to Board of Directors

Recent updates

First American Financial: Housing Market Malaise Outweighs Portfolio Repositioning

Third quarter dividend of US$0.54 announced

First American Financial Corporation Declares Quarterly Cash Dividend, Payable on December 16, 2024

First American Financial Corporation Provides Earnings Guidance for the Year 2024

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

Price target increased by 11% to US$73.40

First American Financial Corporation to Report Q4, 2024 Results on Feb 12, 2025

Second quarter dividend of US$0.54 announced

First American Financial Corporation Appoints Deborah L. Wahl to Board of Directors

First American Financial Corporation's (NYSE:FAF) Share Price Matching Investor Opinion

First American Financial: Too Much Optimism Around A Recovery

Second quarter 2024 earnings: Revenues and EPS in line with analyst expectations

First quarter dividend of US$0.53 announced

First American Financial Corporation Declares Quarterly Cash Dividend, Payable on June 17, 2024

First American Financial: Lack Of Near-Term Growth Leaves Shares With Limited Upside

Consensus EPS estimates fall by 10%

First quarter 2024 earnings: EPS misses analyst expectations

First American Financial Corporation's (NYSE:FAF) Popularity With Investors Is Clear

First American Financial Corporation, Annual General Meeting, May 21, 2024

Upcoming dividend of US$0.53 per share

Consensus EPS estimates fall by 18%

Full year 2023 earnings: EPS and revenues miss analyst expectations

Third quarter dividend of US$0.53 announced

Consensus EPS estimates fall by 11%

First American Financial Corporation to Report Q1, 2024 Results on Apr 25, 2024

Price target increased by 8.2% to US$70.60

First American Financial: Limited Housing Supply Leaves Shares Fully Valued

Getting In Cheap On First American Financial Corporation (NYSE:FAF) Might Be Difficult

ACI Introduces SureStep Mobile, an Advanced Appraisal Data Collection and Order Management Solution

Upcoming dividend of US$0.53 per share at 3.6% yield

Price target decreased by 9.2% to US$63.25

First American Financial Corporation Declares Quarterly Cash Dividend, Payable on December 15, 2023

Consensus EPS estimates fall by 31%

New major risk - Revenue and earnings growth

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Why First American Financial Is Worth A Nibble At Current Prices

First American Financial Corporation to Report Q4, 2023 Results on Feb 08, 2024

Upcoming dividend of US$0.53 per share at 3.5% yield

First American Financial (NYSE:FAF) Is Increasing Its Dividend To $0.53

First American Financial Corporation Declares Quarterly Cash Dividend, Payable on September 15, 2023

First American Financial: Cooling Volumes Makes For A Hold

Price target increased by 8.1% to US$71.00

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

First American Financial Corporation Appoints Jody Mulkey as Chief Technology Officer

Upcoming dividend of US$0.52 per share at 3.7% yield

First American Financial Corporation Announces FraudGuard Solution Now Helps Reduce Risk in Home Equity Lending, Valuation, and SCRA Compliance

First American Financial Corporation Declares Quarterly Cash Dividend, Payable on June 15, 2023

First quarter 2023 earnings: EPS and revenues miss analyst expectations

Upcoming dividend of US$0.52 per share at 3.7% yield

Full year 2022 earnings: EPS and revenues miss analyst expectations

First American Financial Q4 2022 Earnings Preview

First American Financial Corporation acquired 1031 Solutions, LLC.

First American acquires 1031 Solutions

First American Financial Corporation Declares Quarterly Cash Dividend, Payable on March 15, 2023

First American Financial: Patience Should Be Rewarded

First American Financial Corporation to Report Q1, 2023 Results on Apr 27, 2023

Upcoming dividend of US$0.52 per share

First American Financial Corporation Declares Quarterly Cash Dividend, Payable on December 15, 2022

First American Financial declares $0.52 dividend

Third quarter 2022 earnings released: EPS: US$0.019 (vs US$4.01 in 3Q 2021)

First American Financial: Low-Risk Housing Play At A Great Valuation

Price target decreased to US$66.60

First American Financial Corporation to Report Q4, 2022 Results on Feb 09, 2023

Upcoming dividend of US$0.52 per share

First American Financial (NYSE:FAF) Is Paying Out A Larger Dividend Than Last Year

First American Financial Corporation Increases Quarterly Cash Dividend, Payable on September 15, 2022

First American Financial raises dividend by 2% to $0.52/share

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

First American Financial Corporation (NYSE:FAF) announces an Equity Buyback for $400 million worth of its shares.