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    Kenneth D. DeGiorgio

    Chief Executive Officer at First American Financial Corp
    Board
    Since February 4, 2022
    Age
    53 years
    Tenure
    Joined FAF in 1999 and has held several leadership roles including Executive Vice President (2010–2021), President (2021–2022), and was appointed as Chief Executive Officer in February 2022.

    Also at First American Financial Corp

    LWC
    Lisa W. Cornehl
    Senior Vice President, Chief Legal Officer
    MES
    Mark E. Seaton
    Executive Vice President and Chief Financial Officer
    MFW
    Matthew F. Wajner
    Vice President, Treasurer

    About

    Kenneth D. DeGiorgio is currently the Chief Executive Officer of First American Financial Corporation (FAF) and is 53 years old as of the latest information. He joined the company in 1999 and has progressively taken on increased responsibilities throughout his 26+ years at FAF, developing a deep understanding of its operations.

    Over the years, he has held several key roles, including serving as Executive Vice President from 2010 to 2021 and as President from 2021 to 2022 before assuming the chief executive role on February 4, 2022. His career progression reflects a significant commitment to the company’s strategic and operational growth.

    In addition to his role at FAF, he extends his expertise by serving as a director at Offerpad Solutions Inc. and Lev Inc., where he contributes to strategic decision-making and innovation in the real estate and technology sectors. His long tenure and diversified leadership experience have positioned him as a key figure in guiding the company’s future direction.

    $FAF Performance Under Kenneth D. DeGiorgio

    Past Roles

    Organization Role Date Range Details
    First American Financial Corporation (FAF) President 2021–2022 Oversaw operating groups including title insurance, specialty insurance, and data & analytics
    First American Financial Corporation (FAF) Executive Vice President 2010–2021 Oversaw the international division, trust company, and various corporate functions

    External Roles

    Organization Role Date Range Details
    Offerpad Solutions Inc. (NYSE: OPAD) Director N/AN/A
    Lev Inc. Director N/AN/A

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary $832,500 Annual (regular payroll) Guaranteed annual base salary
    Stock Awards $4,841,829 Granted in 2023 (for 2022 performance) Grant date fair value of stock awards
    Change in Pension Value and Nonqualified Deferred Compensation Earnings $332,267 Year-end adjustment Reflects change in SERP benefit present value
    All Other Compensation $12,761 Yearly disbursement Breakdown: 401(k) Contributions: $9,150, Life Insurance Premiums: $2,611, Exec LTD Insurance Premium: $1,000
    Deferred Compensation $4,164,360 (Aggregate at year-end) Deferred; evaluated at year-end Includes Earnings: $631,151 and Withdrawals: $3,961,926

    Performance Compensation

    Data from  FY 2023

    Annual Cash Bonus Opportunity

    MetricValueDetails
    Performance Metrics50% Return on Equity, 50% Pretax MarginDetermined by company performance
    Payout Range50% to 200% of targetActual bonus paid at $1,050,000 (60% of target)
    Threshold$350,000Minimum performance level
    Target$1,750,000Annual cash bonus target
    Maximum$4,025,000Highest possible payout
    Evaluation Period2023 performance periodAnnual evaluation

    Bonus RSUs

    MetricValueDetails
    Performance ConditionNet income ≥ $25 millionExcludes extraordinary items
    Number of RSUs Granted22,075 RSUsVesting only if net income condition met
    Vesting Schedule33 1/3% per yearVesting annually on the grant anniversary
    Grant DateFebruary 16, 2023
    Grant Date Fair Value$1,347,458

    LTI RSUs

    MetricValueDetails
    Performance Condition2022 net income ≥ $25 millionAward based on 2022 results; condition met
    Number of RSUs Granted23,140 unitsVesting over three years
    Vesting Schedule33 1/3% per yearAnnual vesting on each grant date anniversary
    Grant DateFebruary 16, 2023
    Grant Date Fair Value$1,412,465

    LTI PRSUs

    MetricValueDetails
    Performance MetricRelative TSR compared to S&P MidCap 400Evaluated over a three-year period
    Payout LevelsThreshold: 50% payout, Target: 100% payout, Maximum: 200% payoutBased on rTSR ranking (Threshold: <25th percentile = 0%; 25th percentile = 50%; 50th percentile = 100%; ≥75th percentile = 200%)
    Target Units23,140 PRSUs
    Threshold Units11,570 PRSUs
    Maximum Units46,280 PRSUs
    Vesting ScheduleEarned upon completion of a three-year performance period with continued serviceService requirement: employment until third anniversary; early vesting for death, disability, or normal retirement
    Grant DateFebruary 16, 2023
    Grant Date Fair Value$2,081,906
    Additional DetailsDividend equivalents added upon vestingFair market value based on NYSE trading price on February 15, 2023