Form 4: First Citizens Bancshares CEO Acquires Class B Shares

First Citizens Bancshares Chairman and CEO Frank B. Holding Jr. reported the acquisition of Class B Common shares and updated beneficial ownership.

Summary

• Frank B. Holding Jr., Chairman and CEO of First Citizens Bancshares Inc. (FCNCA), reported changes in his beneficial ownership.
• Acquired 125 shares of Class B Common stock at a price of $1,629.68 per share on November 26, 2025, indirectly as a beneficiary of a trust.
• Acquired an additional 10 shares of Class B Common stock at a price of $1,629.55 per share on November 26, 2025, indirectly as a beneficiary of a trust.
• The filing details various indirect holdings of Class A and Class B Common shares through trusts, spouse, and as custodian for family members.
• Significant indirect holdings are also reported in Frank B. Holding Jr. 2025 #1 GRAT, Frank B. Holding Jr. 2025 #2 GRAT, and the Ruth P. Holding 2025 GRAT.
• The reporting person disclaims beneficial ownership of certain securities reported, stating the report shall not be deemed an admission of beneficial ownership for Section 16 purposes or any other purpose.

Sentiment

Score: 7

Explanation: The acquisition of shares by the Chairman and CEO generally indicates confidence in the company's future, which is a positive signal for investors. However, it is a routine insider transaction report, not a major strategic announcement.

Positives

• Insider buying by the Chairman and CEO, Frank B. Holding Jr., signals confidence in the company's future prospects.
• The acquisitions were made at a substantial price point, indicating a significant personal investment by top management.

Industry Context

This Form 4 filing reports routine insider transactions and does not provide broader industry context or trends. It reflects an individual executive's investment activity within the banking sector.

Related Party Transactions

• Acquisition of 125 shares of Class B Common stock by Frank B. Holding Jr. indirectly as a beneficiary of a trust.
• Acquisition of 10 shares of Class B Common stock by Frank B. Holding Jr. indirectly as a beneficiary of a trust.
• Indirect beneficial ownership of Class A and Class B Common shares through spouse, as custodian for James Freeman Bailey, Jr., Royall Holding Bailey, and Jones Powell Bailey.
• Indirect beneficial ownership of Class A and Class B Common shares through Frank B. Holding Jr. 2025 #1 GRAT, Frank B. Holding Jr. 2025 #2 GRAT, and Ruth P. Holding 2025 GRAT.

Stakeholder Impact

• Shareholders: May interpret the insider buying as a positive signal of management's belief in the company's value and future performance.

Key Dates

Recommendation

The insider acquisition by the Chairman and CEO is a positive indicator of management's confidence in First Citizens Bancshares. While this transaction alone doesn't warrant a 'buy' recommendation without broader financial analysis, it reinforces a 'hold' position for existing investors and suggests continued stability. New investors should conduct further due diligence beyond this single Form 4 filing.

Keywords

First Citizens Bancshares, FCNCA, Frank B Holding Jr, Insider Trading, SEC Form 4, Beneficial Ownership, Stock Acquisition, CEO, Director, 10% Owner, Class A Common, Class B Common, Trust, GRAT