Form 4: Ellen R. Alemany Reports Changes in Beneficial Ownership of First Citizens BancShares Inc. Stock

Director Ellen R. Alemany reports transactions related to the termination of a GRAT and distribution of Class A Common Stock.

Summary

• On June 10, 2024, Ellen R. Alemany reported changes in her beneficial ownership of First Citizens BancShares Inc. stock due to the termination of a 2022 Grantor Retained Annuity Trust (GRAT).
• 4,015 shares of Class A Common Stock were distributed to the Alemany Family Non-GST Exempt Trust upon the GRAT's termination and are reported as indirectly owned.
• On June 7, 2024, 1,742 shares of Class A Common Stock were distributed from the May 2022 GRAT to Alemany and are reported as directly owned.
• Alemany's direct holdings include 6,584 shares of Class A Common Stock and 30,000 shares of Class C Preferred Stock.
• Indirect holdings include 4,350 shares held by the Family Non-GST Exempt Trust, 4,559 shares held by the Family GST Exempt Trust, and 3,985 shares held by the March 2024 GRAT #1.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing changes in stock ownership, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common practice in publicly traded companies.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the stock ownership of a key company director.

Key Dates