Form 4: Carson Brice Reports Changes in Beneficial Ownership of First Citizens BancShares Stock

Carson Brice files a Form 4 detailing changes in beneficial ownership of First Citizens BancShares stock, primarily related to trust transfers and disclaimers of ownership.

Summary

• Carson Brice filed a Form 4 with the SEC on December 23, 2024, reporting changes in beneficial ownership of First Citizens BancShares Inc. stock.
• The report indicates transactions on December 20, 2024, involving Class A Common and Class B Common stock.
• These transactions primarily involve transfers to and holdings within various trusts for the benefit of Brice's children and a revocable trust.
• Brice disclaims beneficial ownership of shares held by these trusts and by her spouse, as well as shares held as custodian for her children, stating that the report should not be deemed an admission of beneficial ownership for Section 16 purposes.
• As of December 6, 2024, 99,635 Class B shares held directly by Brice were transferred to her Revocable Trust.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This filing indicates internal restructuring of holdings rather than market activity.

Key Dates