Form 8938 - stock held on foreign stock exchange

I own shares on the Australian Stock Exchange and started receiving dividends in 2024 tied to stock I received from my employer's long term incentive plan. First time and want to confirm my approach & get some answers:

1. I've created a 1099-DIV entry of $30,469 USD to match the dividend value I received from my foreign stock

2. Help with 8938 form: for the total value of the stock, I chose the highest value it hit in the year, converted into USD with the highest FX rate of the year, and it is $196,403 USD. Question: why total value since stock owned on the US stock exchange is not reported, only the dividend income received?

3. I entered the $30,469 USD dividends as a foreign financial asset. Question  Do I also need to file an FBAR? And is correct to think of this as a foreign financial asset and not a foreign financial account?

4. Items attributable to "foreign financial asset" I've referenced #1 dividends above as Form 1040, line 3b

5. I manage the stock granted from my employee plan in a MUFG website (similar to Fidelity). Question: do I also enter it as the financial foreign account with address or skip this part since it's an asset?