Kenneth D. DeGiorgio has been leading First American Financial Corporation as CEO since February 2022. He earned his Bachelor’s degree in finance from the University of Southern California and brings over 23 years of experience within the company. Before stepping...

Kenneth D. DeGiorgio has been leading First American Financial Corporation as CEO since February 2022. He earned his Bachelor’s degree in finance from the University of Southern California and brings over 23 years of experience within the company. Before stepping into the CEO role, he served as President, where he oversaw multiple operating groups, including title insurance and data analytics. Interestingly, Kenneth has been part of the company in various roles since 2010, showing a deep understanding of the firm's inner workings and market landscape. He also serves on the board of Offerpad Solutions Inc., a notable tech-driven real estate firm. His compensation reflects his performance-based philosophy, with a total package of over $7 million in 2023. His knowledge and leadership mark a key shift in the company's direction, supported by a pay-for-performance approach that ties executive earnings directly to the company's financial success.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other First American Financial CEOs

F

Kenneth D. DeGiorgio

CEO of First American Financial

Education

Bachelor's degree from the University of Southern California

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

January 1, 1972 - 53 years ago

CEO of First American Financial for

3 years 2 months (Feb 2022 - Present)

Previous Experience

Executive Vice President overseeing international division and various corporate functions

Rivals

Competitors/colleagues of Kenneth D. DeGiorgio

M

Timothy J. Mattke

CEO of MGIC Investment Corp.

2023 Compensation

Stock

$1.25M

Salary

$600.00K

Bonus

$180.00K

Other

$50.00K

Total Holdings

$22.27M

K

Conor C. Flynn

CEO of Kimco Realty

2023 Compensation

Stock

$0.00

Salary

$1.00M

Bonus

$2.92M

Other

$26.34K

Total Holdings

$28.47M

F

Randy Quirk

CEO of Fidelity National Financial

2023 Compensation

Stock

$5.67M

Salary

$665.39K

Bonus

$0.00

Other

$110.44K

Total Holdings

$148.70M

B

James M. Taylor Jr.

CEO of Brixmor Property Group

2023 Compensation

Stock

$6.59M

Salary

$1.10M

Bonus

$2.43M

Other

$36.11K

Total Holdings

$29.52M

F

Mike Nolan

CEO of Fidelity National Financial

2023 Compensation

Stock

$3.12M

Salary

$947.31K

Bonus

$0.00

Other

$107.91K

Total Holdings

$29.41M

Holdings

See how much did Kenneth D. DeGiorgio make over time.

Kenneth D. DeGiorgio has shown a dynamic shift in his investment in First American Financial Corporation over the years. In 2019, his holdings peaked at around $25.48 million in November but fluctuated significantly during the following months. By 2020, his...

Kenneth D. DeGiorgio has shown a dynamic shift in his investment in First American Financial Corporation over the years. In 2019, his holdings peaked at around $25.48 million in November but fluctuated significantly during the following months. By 2020, his holdings started to decline, reaching lows of approximately $16.29 million in April. However, he managed to stabilize his wealth, as by early 2023, his holdings had recovered to around $19.07 million. This volatility reflects the ups and downs of the market and his personal investment strategies during different economic climates. Kenneth's substantial investments in the company demonstrate his strong confidence and commitment to its future.

Total Stock Sold

$15.13M

FAF

$15.13M

382,369 FAF shares

What if they kept their stock?

If Kenneth D. DeGiorgio didn't sell their stock, today they would have:
Extra FAF382,369 shares worth $16.06M.
This is 6.13% and $927.69K more than what they got when they sold the stock.

Charitable Transactions

FAF

950 shares

FAF

Recent Charitable Transactions

FAF

950 shares

FAF

Aug 20, 2015

Charity

Insider Trading

See recent insider trades of Kenneth D. DeGiorgio.

OPAD

5,849 shares

OPAD

Sep 30, 2024

Received

OPAD

5,373 shares

OPAD

Jun 28, 2024

Received

OPAD

13,333 shares

OPAD

Jun 4, 2024

Received

OPAD

2,932 shares

OPAD

Mar 28, 2024

Received

FAF

45,517 shares

FAF

Feb 22, 2024

Received

OPAD

2,317 shares

OPAD

Dec 31, 2023

Received

OPAD

2,433 shares

OPAD

Sep 30, 2023

Received

OPAD

1,832 shares

OPAD

Jun 30, 2023

Received

OPAD

51,071 shares

OPAD

Jun 8, 2023

Received

OPAD

45,066 shares

OPAD

Mar 31, 2023

Received

Compensation History

See how much did Kenneth D. DeGiorgio make over time.

In 2023, Kenneth D. DeGiorgio's total compensation reached $7,069,357, combining various components including a base salary of $832,500 and a cash bonus of $1,050,000. The bonus was determined by the company’s performance metrics, which achieved a payout of 72% of the targeted amount based on the company's success. Interestingly, there were no stock grants or options awarded in 2023, indicating a clear focus on cash compensation linked to performance outcomes. Kenneth's compensation structure is designed to align his financial incentives with the company’s success, reinforcing the principle of accountability and performance in executive roles.

Year

2023

Total Compensation

$1.90M

Salary

$832.50K

Board Justification

The compensation philosophy emphasizes a pay-for-performance orientation, aligning executive compensation with the company's financial performance and long-term shareholder value.

Bonus

$1.05M

Board Justification

The annual cash bonus for 2023 was determined based on performance metrics, resulting in a payout of 60% of target due to the company's performance, with a discretionary adjustment increasing the payout to 72% for certain executives, excluding the CEO.

Other

$12.76K

Board Justification

Other compensation includes contributions to the 401(k) plan, life insurance premiums, and long-term disability insurance premiums.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants were vested in 2023 as the focus was on cash and performance-based bonuses.

Performance Metrics

The performance metrics for 2023 included return on equity and pretax margin, with actual results leading to a 60% payout of the target bonus.

Other First American Financial CEOs

Here are other CEOs of First American Financial

Dennis J. Gilmore

Ex-CEO of First American Financial

June 2010 - February 2022