---
title: "First American Executive Chairman Cancels Unvested Equity Awards"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284644952.md"
description: "First American Financial's Executive Chairman, Dennis J. Gilmore, has voluntarily canceled all unvested restricted stock units and performance-based restricted stock units granted on June 20, 2025. This decision, made on April 29, 2026, incurs no additional cost or dilution for shareholders. The current analyst rating for FAF stock is a Buy with a price target of $87.00, supported by improved financial performance and a positive earnings outlook, despite some near-term risks."
datetime: "2026-04-29T21:05:36.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284644952.md)
  - [en](https://longbridge.com/en/news/284644952.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284644952.md)
---

# First American Executive Chairman Cancels Unvested Equity Awards

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First American Financial ( (FAF) ) has provided an announcement.

On April 29, 2026, First American Financial said its Board and Executive Chairman Dennis J. Gilmore mutually agreed to cancel all of his outstanding and unvested restricted stock units and performance-based restricted stock units that had been granted on June 20, 2025. The cancellation was entirely voluntary on Gilmore’s part, covered all unvested awards in full and was not accompanied by any replacement equity or cash-based compensation, signaling no incremental cost or dilution impact for shareholders from this change in his compensation structure.

The most recent analyst rating on (FAF) stock is a Buy with a $87.00 price target. To see the full list of analyst forecasts on First American Financial stock, see the FAF Stock Forecast page.

**Spark’s Take on FAF Stock**

According to Spark, TipRanks’ AI Analyst, FAF is a Outperform.

The score is driven primarily by improved financial performance (recovered margins/ROE and solid free cash flow) and a constructive earnings outlook led by commercial strength and ongoing buybacks. Valuation is also supportive (P/E ~12.4 and ~3.18% yield). Technicals are positive but momentum indicators are nearing stretched levels, adding some near-term risk, while revenue volatility and residential purchase weakness remain key headwinds.

To see Spark’s full report on FAF stock, click here.

**More about First American Financial**

First American Financial Corporation operates in the financial services and title insurance industry, providing title, settlement and risk solutions primarily for real estate transactions. The company focuses on serving homebuyers, lenders and real estate professionals through a range of insurance and related services tied to property and mortgage markets.

**Average Trading Volume:** 1,061,513

**Technical Sentiment Signal:** Buy

**Current Market Cap:** $7.07B

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