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...

Number of Employees

19.21K

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.

SEC Filing

From April 1, 2024

Kenneth D. DeGiorgio

CEO of First American Financial

F

Education

Bachelor's degree from the University of Southern California

Field of Expertise

Finance & Banking - Finance

Born

January 1, 1972 - 53 years ago

Is Founder?

No

Current Tenure

2 years 11 months (Feb 2022 - Present)

Previous Experience

Executive Vice President overseeing international division and various corporate functions