Form 4: FCNCA CEO Boosts Stake with Significant Stock Purchase

First Citizens Bancshares CEO Frank B. Holding Jr. reported recent purchases of Class B Common Stock and gifts of Class A Common Stock.

Summary

• Frank B. Holding Jr., Chairman and CEO, Director, and 10% Owner of First Citizens Bancshares Inc. /DE/ (FCNCA), reported transactions.
• On March 13, 2026, he purchased 134 shares of Class B Common Stock directly and 15 shares indirectly at a price of $1,550 per share.
• On March 17, 2026, he gifted 21 shares of Class A Common Stock as custodian for James Freeman Bailey, Jr., 21 shares as custodian for Royall Holding Bailey, and 21 shares as custodian for Jones Powell Bailey, all at a price of $0.
• Following these transactions, beneficial ownership includes various direct and indirect holdings across Class A and Class B Common Stock, including shares held in GRATs, by spouse, and as beneficiary of trusts.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as moderately positive due to the insider purchases by the CEO, which typically signals management's belief in the company's undervaluation or strong future prospects.

Positives

• Frank B. Holding Jr., Chairman and CEO, purchased 149 shares of Class B Common Stock at $1,550 per share, indicating confidence in the company's future.

Future Outlook

NA

Management Comments

• The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose.

Industry Context

StockSavvy.ai notes that insider purchases, especially by a CEO and 10% owner, can signal strong internal confidence in the company's prospects, often viewed favorably by the market, particularly in the banking sector where stability and management conviction are key.

Related Party Transactions

• Gifts of Class A Common Stock were made as custodian for James Freeman Bailey, Jr., Royall Holding Bailey, and Jones Powell Bailey.
• Beneficial ownership includes shares held by Frank B. Holding Jr. 2025 #1 GRAT, Frank B. Holding Jr. 2025 #2 GRAT, by spouse, and by spouse as Trustee for the Ruth P. Holding 2025 GRAT.

Stakeholder Impact

• Shareholders: Insider purchases may instill confidence, potentially leading to positive sentiment and share price stability or appreciation.

Key Dates

Recommendation

The Chairman and CEO, Frank B. Holding Jr., a significant insider and 10% owner, made a substantial purchase of Class B Common Stock at $1,550 per share. This strong signal of confidence from top management, combined with his existing extensive holdings, suggests a belief in the company's future growth and value, making it a compelling 'buy' signal for investors.

Keywords

FCNCA, First Citizens Bancshares, insider trading, Form 4, stock purchase, stock gift, CEO, beneficial ownership