Joseph K. Jaeger - 23 Jun 2024 Form 4 Insider Report for FIRST ADVANTAGE CORP (FA)

Footnote F1

Each restricted stock unit (RSU) represents a contingent right to receive one share of common stock. The RSUs will be settled in either common stock or cash (or a combination thereof).

Footnote F2

Represents shares withheld in connection with the vesting of RSUs to cover tax withholding obligations.

Footnote F3

Includes an initial grant of 25,000 RSUs that vest in equal annual installments over five years, subject to continued service through such dates, with the first vesting on June 23, 2022 and a portion of an aggregate initial grant of 25,000 RSUs subject to performance and time-based vesting criteria, where such performance-based conditions (the occurrence of a "Realization Event" as defined in the award agreement) have been satisfied as of the date of grant. The remainder of such performance-based RSUs will, subject to the occurrence of a Realization Event, vest on the same schedule noted above. Alternatively, these performance-based RSUs will vest into the following number of shares of common stock, based solely on time, as follows, subject to continued service through such date: 3,983 shares on June 23, 2025, 7,967 shares on June 23, 2026, and 7,968 shares on June 23, 2027, while preserving the eligibility to vest earlier upon a future Realization Event.