Kenneth D. DeGiorgio

Chief Executive Officer at First American Financial

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

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/A	N/A
Lev Inc.	Director	N/A	N/A

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional 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

Metric	Value	Details
Performance Metrics	50% Return on Equity, 50% Pretax Margin	Determined by company performance
Payout Range	50% to 200% of target	Actual bonus paid at $1,050,000 (60% of target)
Threshold	$350,000	Minimum performance level
Target	$1,750,000	Annual cash bonus target
Maximum	$4,025,000	Highest possible payout
Evaluation Period	2023 performance period	Annual evaluation

Bonus RSUs

Metric	Value	Details
Performance Condition	Net income ≥ $25 million	Excludes extraordinary items
Number of RSUs Granted	22,075 RSUs	Vesting only if net income condition met
Vesting Schedule	33 1/3% per year	Vesting annually on the grant anniversary
Grant Date	February 16, 2023
Grant Date Fair Value	$1,347,458

LTI RSUs

Metric	Value	Details
Performance Condition	2022 net income ≥ $25 million	Award based on 2022 results; condition met
Number of RSUs Granted	23,140 units	Vesting over three years
Vesting Schedule	33 1/3% per year	Annual vesting on each grant date anniversary
Grant Date	February 16, 2023
Grant Date Fair Value	$1,412,465

LTI PRSUs

Metric	Value	Details
Performance Metric	Relative TSR compared to S&P MidCap 400	Evaluated over a three-year period
Payout Levels	Threshold: 50% payout, Target: 100% payout, Maximum: 200% payout	Based on rTSR ranking (Threshold: <25th percentile = 0%; 25th percentile = 50%; 50th percentile = 100%; ≥75th percentile = 200%)
Target Units	23,140 PRSUs
Threshold Units	11,570 PRSUs
Maximum Units	46,280 PRSUs
Vesting Schedule	Earned upon completion of a three-year performance period with continued service	Service requirement: employment until third anniversary; early vesting for death, disability, or normal retirement
Grant Date	February 16, 2023
Grant Date Fair Value	$2,081,906
Additional Details	Dividend equivalents added upon vesting	Fair market value based on NYSE trading price on February 15, 2023