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

Carson H. Brice, a director of First Citizens BancShares Inc., reports changes in beneficial ownership of Class A and Class B common stock due to gifts to trusts for the benefit of her children.

Summary

• Carson H. Brice, a director of First Citizens BancShares Inc., filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
• The report indicates that on March 21, 2025, Ms. Brice gifted shares of Class A and Class B common stock to trusts established for the benefit of her children.
• Ms. Brice disclaims beneficial ownership of the shares held by these trusts and certain other shares held by her spouse or as custodian for her children, stating that the report should not be construed as an admission of beneficial ownership for Section 16 purposes.
• Following the reported transactions, Ms. Brice continues to hold a significant amount of First Citizens BancShares Inc. stock indirectly through various trusts and custodial accounts.

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 corporate governance, providing transparency into the stock ownership of company insiders. This filing indicates changes in indirect ownership due to gifting shares to family trusts, which is a common estate planning strategy.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the stock ownership of a company director.
• The transactions themselves are unlikely to have a significant impact on other stakeholders.

Key Dates

Keywords

beneficial ownership, Form 4, First Citizens BancShares, FCNCA, Carson Brice, director, stock, trusts, gifts