Form 4: Claire Bristow Reports Changes in Beneficial Ownership of First Citizens BancShares Inc. Stock
SEC Form 4 Filing
Claire Bristow, a director of First Citizens BancShares Inc., reported changes in her beneficial ownership of the company's stock due to a contribution to a grantor retained annuity trust.
Summary
- On March 18, 2025, Claire Bristow, a director of First Citizens BancShares Inc., filed a Form 4 to report changes in her beneficial ownership of the company's securities.
- The reported transactions involve Class A Common Stock, Class B Common Stock, and Depositary Shares.
- Bristow contributed 200,000 shares of Class A Common Stock from her 2nd Amended and Restated Trust to a new grantor retained annuity trust (Claire Holding Bristow 2025 Qualified GRAT).
- She continues to report these shares as indirectly owned.
- Bristow disclaims beneficial ownership of certain securities held by trusts and LLCs associated with her spouse.
- As of the report, Bristow beneficially owns directly 30,000 shares of Class A Common Stock.
- Bristow also indirectly owns 121,790 shares of Class A Common Stock through the Claire Holding Bristow 2nd Amended and Restated Trust.
- She indirectly owns 42,078 shares of Class A Common Stock through the Claire H. Bristow 2020 GRAT Family Trust.
- She indirectly owns 12,152 shares of Class A Common Stock as Co-Trustee for the Peter McDonald Bristow 2019 Irrevocable Family Trust.
- She indirectly owns 10,858 shares of Class A Common Stock as beneficiary of a trust.
- She indirectly owns 14,500 shares of Class A Common Stock through her spouse as Trustee for the Claire Holding Bristow 2018 Irrevocable Family Trust.
- She indirectly owns 6,106 shares of Class A Common Stock through PMB Investments, LLC.
- She indirectly owns 2,154 shares of Class A Common Stock through CRB Investments, LLC.
- She indirectly owns 2,045 shares of Class A Common Stock through EHB Investments, LLC.
- She indirectly owns 19,041 shares of Class A Common Stock through her spouse as trustee for PMB Trust 2011.
- She indirectly owns 19,041 shares of Class A Common Stock through her spouse as trustee for CRB Trust 2011.
- She indirectly owns 19,041 shares of Class A Common Stock through her spouse as trustee for EHB Trust 2011.
- She indirectly owns 200,000 shares of Class A Common Stock through the Claire Holding Bristow 2025 Qualified GRAT.
- Bristow indirectly owns 43,649 shares of Class B Common Stock through the Claire Holding Bristow 2nd Amended and Restated Trust.
- She indirectly owns 40,014 shares of Class B Common Stock through the Claire H. Bristow 2020 GRAT Family Trust.
- She indirectly owns 1,250 shares of Class B Common Stock as beneficiary of trust.
- She indirectly owns 538 shares of Class B Common Stock through her spouse as trustee for Peter M. Bristow 2nd Amended and Restated Trust.
- She indirectly owns 8,350 shares of Class B Common Stock through PMB Investments, LLC.
- She indirectly owns 8,850 shares of Class B Common Stock through CRB Investments, LLC.
- She indirectly owns 8,710 shares of Class B Common Stock through EHB Investments, LLC.
- Bristow indirectly owns 41,285 Depositary Shares through the Claire Holding Bristow 2nd Amended and Restated Trust.
- Each Depositary Share represents a 1/40th interest in a share of the Issuer's 5.375% Non-Cumulative Perpetual Preferred Stock, Series A.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't convey any positive or negative sentiment about the company's performance or prospects.
Industry Context
This filing is a routine disclosure of changes in beneficial ownership by a company insider, as required by the SEC. It doesn't necessarily indicate a change in the company's financial health or strategic direction.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the ownership structure of the company.
- It has minimal direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 03/18/2025 | Date of earliest transaction (contribution of shares to GRAT) |
| 03/19/2025 | Date of signature on the Form 4 filing |
Keywords
beneficial ownership, Form 4, First Citizens BancShares, FCNCA, Claire Bristow, Class A Common Stock, Class B Common Stock, Depositary Shares, grantor retained annuity trust, trust
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