First American Financial Corporation

NYSE:FAF Stock Report

Market Cap: US$6.2b

First American Financial Management

Management criteria checks 3/4

First American Financial's CEO is Ken DeGiorgio, appointed in Feb 2022, has a tenure of 2.08 years. total yearly compensation is $6.41M, comprised of 13.5% salary and 86.5% bonuses, including company stock and options. directly owns 0.21% of the company’s shares, worth $13.14M. The average tenure of the management team and the board of directors is 3.4 years and 9.9 years respectively.

Key information

Ken DeGiorgio

Chief executive officer

US$6.4m

Total compensation

CEO salary percentage13.5%
CEO tenure2.1yrs
CEO ownership0.2%
Management average tenure3.4yrs
Board average tenure9.9yrs

Recent management updates

Recent updates

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

Why First American Financial Is Worth A Nibble At Current Prices

Oct 20

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

Aug 26
First American Financial (NYSE:FAF) Is Increasing Its Dividend To $0.53

First American Financial: Cooling Volumes Makes For A Hold

Aug 09

First American Financial Q4 2022 Earnings Preview

Feb 08

First American acquires 1031 Solutions

Feb 02

First American Financial: Patience Should Be Rewarded

Jan 12

First American Financial declares $0.52 dividend

Nov 16

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

Oct 21

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

Aug 27
First American Financial (NYSE:FAF) Is Paying Out A Larger Dividend Than Last Year

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 We Think First American Financial (NYSE:FAF) Is Well Worth Watching

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

Feb 28
Here's Why I Think First American Financial (NYSE:FAF) Is An Interesting Stock

First American Financial (NYSE:FAF) Has Announced That It Will Be Increasing Its Dividend To US$0.51

Dec 01
First American Financial (NYSE:FAF) Has Announced That It Will Be Increasing Its Dividend To US$0.51

Is Now The Time To Put First American Financial (NYSE:FAF) On Your Watchlist?

Nov 27
Is Now The Time To Put First American Financial (NYSE:FAF) On Your Watchlist?

First American Financial: Another Way For You To Play The Housing Boom

Nov 20

First American Financial's (NYSE:FAF) Upcoming Dividend Will Be Larger Than Last Year's

Nov 06
First American Financial's (NYSE:FAF) Upcoming Dividend Will Be Larger Than Last Year's

First American Financial's (NYSE:FAF) Dividend Will Be Increased To US$0.51

Aug 31
First American Financial's (NYSE:FAF) Dividend Will Be Increased To US$0.51

Here's Why I Think First American Financial (NYSE:FAF) Might Deserve Your Attention Today

Aug 18
Here's Why I Think First American Financial (NYSE:FAF) Might Deserve Your Attention Today

Party Time: Brokers Just Made Major Increases To Their First American Financial Corporation (NYSE:FAF) Earnings Forecasts

Jul 27
Party Time: Brokers Just Made Major Increases To Their First American Financial Corporation (NYSE:FAF) Earnings Forecasts

First American Financial: Unloved Despite Huge Earnings And Growing Digital Operations

Jul 11

We Think Shareholders Are Less Likely To Approve A Large Pay Rise For First American Financial Corporation's (NYSE:FAF) CEO For Now

May 05
We Think Shareholders Are Less Likely To Approve A Large Pay Rise For First American Financial Corporation's (NYSE:FAF) CEO For Now

If You Like EPS Growth Then Check Out First American Financial (NYSE:FAF) Before It's Too Late

May 03
If You Like EPS Growth Then Check Out First American Financial (NYSE:FAF) Before It's Too Late

CEO Compensation Analysis

How has Ken DeGiorgio's remuneration changed compared to First American Financial's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023n/an/a

US$217m

Sep 30 2023n/an/a

US$237m

Jun 30 2023n/an/a

US$241m

Mar 31 2023n/an/a

US$211m

Dec 31 2022US$6mUS$866k

US$263m

Sep 30 2022n/an/a

US$469m

Jun 30 2022n/an/a

US$912m

Mar 31 2022n/an/a

US$1b

Dec 31 2021US$5mUS$818k

US$1b

Sep 30 2021n/an/a

US$1b

Jun 30 2021n/an/a

US$998m

Mar 31 2021n/an/a

US$867m

Dec 31 2020US$6mUS$775k

US$696m

Sep 30 2020n/an/a

US$640m

Jun 30 2020n/an/a

US$645m

Mar 31 2020n/an/a

US$661m

Dec 31 2019US$5mUS$775k

US$707m

Sep 30 2019n/an/a

US$575m

Jun 30 2019n/an/a

US$539m

Mar 31 2019n/an/a

US$508m

Dec 31 2018US$4mUS$775k

US$474m

Sep 30 2018n/an/a

US$604m

Jun 30 2018n/an/a

US$474m

Mar 31 2018n/an/a

US$441m

Dec 31 2017US$4mUS$750k

US$423m

Compensation vs Market: Ken's total compensation ($USD6.41M) is about average for companies of similar size in the US market ($USD7.72M).

Compensation vs Earnings: Ken's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


CEO

Ken DeGiorgio (52 yo)

2.1yrs

Tenure

US$6,412,689

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

NamePositionTenureCompensationOwnership
Kenneth DeGiorgio
CEO & Director2.1yrsUS$6.41m0.21%
$ 13.1m
Mark Seaton
Executive VP & CFO11yrsUS$3.88m0.19%
$ 11.6m
Steven Adams
VP & Chief Accounting Officer3.4yrsUS$775.80k0.0024%
$ 144.8k
Lisa Cornehl
Senior VP2.5yrsUS$868.19k0.018%
$ 1.1m
Matthew Wajner
VP & Treasurer3.4yrsUS$815.95k0.031%
$ 1.9m
Jody Mulkey
Chief Technology Officerless than a yearno datano data
Craig Barberio
Vice President of Investor Relations14.2yrsno datano data
George Livermore
Executive Vice President of Data and Mortgage Solutionsno datano datano data
Mark Fleming
Chief Economist9.3yrsno datano data
Dianna Serio
Senior Vice President of Enterprise Data Strategy9.3yrsno datano data
Rouz Tabaddor
VP & Chief Intellectual Property and Privacy Officer2.8yrsno datano data
Paul Hurst
Chief Innovation Officer2yrsno datano data

3.4yrs

Average Tenure

49.5yo

Average Age

Experienced Management: FAF's management team is considered experienced (3.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Kenneth DeGiorgio
CEO & Director2.1yrsUS$6.41m0.21%
$ 13.1m
Parker Kennedy
Chairman Emeritus & Lead Independent Director13.8yrsUS$424.97k2.28%
$ 140.7m
Mark Oman
Independent Director11yrsUS$269.93k0.044%
$ 2.7m
Michael McKee
Independent Director13yrsUS$269.93k0.047%
$ 2.9m
James Doti
Independent Director13.8yrsUS$287.26k0.069%
$ 4.3m
Martha Wyrsch
Independent Director5.8yrsUS$254.93k0.013%
$ 800.7k
Dennis Gilmore
Chairman of the Board13.8yrsUS$9.08m0.58%
$ 35.5m
Margaret McCarthy
Independent Director8.8yrsUS$264.93k0.025%
$ 1.6m
Reginald Gilyard
Independent Director6.8yrsUS$254.93k0.018%
$ 1.1m
Marsha Spence
Director1.8yrsUS$137.30kno data

9.9yrs

Average Tenure

68.5yo

Average Age

Experienced Board: FAF's board of directors are considered experienced (9.9 years average tenure).


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