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First American Financial Executive Compensation (FY25)

FAF · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Mark Seaton
Latest say-on-pay support
=
May 12, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of November 4, 2026Latest filing (8-K): May 15, 2026
15 filings cited on this page
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370 figures on this page: 359 cited to the filing that reported them, 11 calculated from figures it prints. See the citations

More on First American Financial

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Mark Seaton: $3,767,161 → $8,281,947 (119.8% higher)
CEO pay ratio: 122:1 → 101:1 (17.2% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is First American Financial's chief executive and what were they paid?
Mark Seaton, Chief Executive Officer, received $8,281,947 in total compensation for fiscal 2025. Seaton's total was 119.8% higher than the $3,767,161 reported for fiscal 2024.
What was First American Financial's say-on-pay result?
Shareholders recorded 97.3% support for the say-on-pay proposal at the meeting held May 12, 2026 for fiscal 2025.
Which companies are in First American Financial's peer group?
The disclosed peer group includes American Financial Group, Inc., Assurant, Inc., AXIS Capital Holdings Limited, Cincinnati Financial Corporation and Everest Re Group, Ltd., among others.
What is First American Financial's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 101:1, against median employee compensation of $82,266.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Dennis Gilmore
Chairman (CEO during years presented)
◇—◇———◇◇
Kenneth DeGiorgio
Chief Executive Officer
◇—◇—◇—◇◇
Christopher Leavell
Co-Chief Operating Officer
◇—◇———◇◇
Mark Seaton
Executive Vice President, Chief Financial Officer
◇—◇—◇—◇◇
Lisa Cornehl
SVP, Chief Legal Officer
◇—◇—◇—◇◇
Matthew Wajner
VP, Treasurer
◇—◇—◇—◇◇
Steven Adams
VP, Chief Accounting Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Kenneth DeGiorgio
Chief Executive Officer
◇—◇—◇◇◇◇
Mark Seaton
Executive Vice President, Chief Financial Officer
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Kenneth DeGiorgio
Chief Executive Officer
◇—◇—◇◇◇◇
Mark Seaton
Executive Vice President, Chief Financial Officer
◇—◇—◇—◇◇
Lisa Cornehl
Senior Vice President, Chief Legal Officer, Secretary
◇—◇—◇—◇◇
Matthew Wajner
Senior Vice President, Finance
◇—◇—◇—◇◇
Steven Adams
Vice President, Chief Accounting Officer
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Kenneth DeGiorgio
Former Chief Executive Officer
Departed during or after this year
◇—◇——◇◇◇
Mark Seaton
Chief Executive Officer
◇—◇—◇—◇◇
Matthew Wajner
Executive Vice President, Chief Financial Officer
◇—◇—◇—◇◇
Lisa Cornehl
Senior Vice President, Chief Legal Officer, Secretary
◇—◇—◇—◇◇
Steven Adams
Vice President, Chief Accounting Officer
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Kenneth D. DeGiorgioPSU◇—◇———◇
Kenneth D. DeGiorgioPSU◇—◇———◇
Kenneth D. DeGiorgioPSU◇◇◇—◇—◇
Lisa W. CornehlPSU◇—◇———◇
Lisa W. CornehlPSU◇—◇———◇
Lisa W. CornehlPSU◇—◇———◇
Lisa W. CornehlPSU◇◇◇—◇—◇
Lisa W. CornehlPSU◇◇◇—◇—◇
Mark E. SeatonPSU◇—◇———◇
Mark E. SeatonPSU◇—◇———◇
Mark E. SeatonPSU◇—◇———◇
Mark E. SeatonPSU◇◇◇—◇—◇
Mark E. SeatonPSU◇◇◇—◇—◇
Matthew F. WajnerPSU◇—◇———◇
Matthew F. WajnerPSU◇—◇———◇
Matthew F. WajnerPSU◇—◇———◇
Matthew F. WajnerPSU◇◇◇—◇—◇
Matthew F. WajnerPSU◇◇◇—◇—◇
Steven A. AdamsPSU◇—◇———◇
Steven A. AdamsPSU◇—◇———◇
Steven A. AdamsPSU◇◇◇—◇—◇
Fiscal 2022 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Kenneth DeGiorgioRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
Mark SeatonRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Lisa CornehlRSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Matthew WajnerRSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Steven AdamsRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Kenneth DeGiorgio
Former Chief Executive Officer · Terms as described in the company’s compensation discussion
Severance multiple◇
Severance cash amount◇
Lisa Cornehl
Senior Vice President, Chief Legal Officer, Secretary · Terms as described in the company’s compensation discussion
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Mark Seaton
Chief Executive Officer · Terms as described in the company’s compensation discussion
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Matthew Wajner
Executive Vice President, Chief Financial Officer · Terms as described in the company’s compensation discussion
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Steven Adams
Vice President, Chief Accounting Officer · Terms as described in the company’s compensation discussion
Severance multiple◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Dennis J. Gilmore
Board chair
◇◇———◇◇
Parker S. Kennedy
Lead independent director
◇◇———◇◇
James L. Doti
◇◇————◇
Martha B. Wyrsch
◇◇————◇
Mark C. Oman
◇◇————◇
Michael D. McKee
◇◇————◇
Margaret M. McCarthy
◇◇————◇
Reginald H. Gilyard
◇◇————◇
Deborah L. Wahl
◇◇————◇
Marsha A. Spence
◇◇————◇
Jeffrey J. Dailey
◇◇————◇
Mark E. Seaton served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • American Financial Group, Inc. AFG
  • Assurant, Inc. AIZ
  • AXIS Capital Holdings Limited AXS
  • Cincinnati Financial Corporation CINF
  • Everest Re Group, Ltd. EG
  • Fidelity National Financial, Inc. FNF
  • Genworth Financial, Inc. GNW
  • Kemper Corporation KMPR
  • Mercury General Corporation MCY
  • Old Republic International Corporation ORI
  • The Hanover Insurance Group, Inc. THG
  • W.R. Berkeley Corporation WRB

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 12, 2026=◇◇◇
2024May 13, 2025=◇◇◇
2023May 21, 2024=◇◇◇
2022May 9, 2023=◇◇◇
2021May 10, 2022=◇◇◇
2020May 11, 2021=◇◇◇
2019May 5, 2020=◇◇◇
2018May 7, 2019=◇◇◇
2017May 8, 2018=◇◇◇
2016May 9, 2017=◇◇◇
2015May 10, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Mark Seaton (Chief Executive Officer), FY2025 total compensation $8,281,947 (base salary $907,827) [exec_comp, SEC accession 0001193125-26-130349, filed 2026-03-30]

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What this page does not include

Everything above is a fact First American Financial disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
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Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
370 figures on this page: 359 cited to the filing that reported them, 11 calculated from figures it prints.
359 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001193125-26-226782
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001193125-26-130349
    Compensation Discussion and Analysis · Director Compensation · Grants of Plan-Based Awards · Outstanding Equity Awards at Fiscal Year-End · and 2 more sections
  3. 0000950170-25-073554
  4. 0000950170-25-047185
    Summary Compensation Table
  5. 0000950170-24-065359
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0000950170-24-039055
    Summary Compensation Table
  7. 0000950170-23-021781
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001564590-23-004933
    Summary Compensation Table
  9. 0001564590-22-020134
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001564590-21-028037
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001564590-20-022044
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001564590-19-017472
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001564590-18-013054
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0001193125-17-167635
    Item 5.07 Submission of Matters to a Vote of Security Holders
  15. 0001193125-16-590601
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
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Velarion, “First American Financial executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/FAF (accessed 2026).
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Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
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15 filings cited on this page
Method: intel.velarion.ai/methodology
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Insurance rankings

Chief executive pay — InsuranceCEO pay ratio — InsuranceSay-on-pay support — Insurance

Peers First American Financial discloses

The companies named in FAF's own disclosed peer group.

American Financial Group, Inc.Assurant, Inc.AXIS Capital Holdings LimitedCincinnati Financial CorporationEverest Re Group, Ltd.Fidelity National Financial, Inc.Genworth Financial, Inc.Kemper CorporationMercury General CorporationOld Republic International CorporationThe Hanover Insurance Group, Inc.W.R. Berkeley Corporation

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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