leadership
confidence high
sentiment neutral
materiality 0.50
First American sets CEO Seaton base salary at $1M, CFO Wajner at $625K, plus incentive awards
First American Financial Corp
- CEO Mark Seaton base salary raised from $725K to $1M, annual cash/RSU bonus targets each increased to $1.8M.
- Seaton receives LTI RSUs and PRSUs each with grant-date value of $737,500; PRSUs tied to S&P MidCap 400 TSR over 2025-2027.
- CFO Matthew Wajner base salary raised from $370K to $625K, annual cash/RSU bonus targets each increased to $500K.
- Wajner gets LTI RSUs and PRSUs each valued at $192,500; employment agreement includes 2x severance and non-compete.
- Compensation actions effective as of April 10, 2025, approved by Committee on May 21, 2025.
item 5.02