Form 4: First Citizens BancShares CEO Frank B. Holding Jr. Reports Stock Disposals and Acquisitions

Frank B. Holding Jr., Chairman and CEO of First Citizens BancShares, reported the disposal of Class A and Class B Common stock and acquisitions through custodial holdings, according to a recent SEC Form 4 filing.

Summary

• Frank B. Holding Jr., Chairman and CEO of First Citizens BancShares, filed a Form 4 with the SEC detailing changes in his beneficial ownership of the company's stock.
• On December 20, 2024, Holding disposed of 180 shares of Class A Common stock and 160 shares of Class B Common stock.
• Also on December 20, 2024, Holding acquired 20 shares each of Class B Common stock for James Freeman Bailey, Jr., Royall Holding Bailey, and Jones Powell Bailey as custodian.
• Holding also has indirect ownership of Class A and Class B Common stock through trusts, spousal holdings, and custodial accounts.
• 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.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

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

This filing is a routine disclosure required by the SEC for corporate insiders and provides transparency regarding their trading activities in the company's stock.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the trading activities of the company's CEO.

Key Dates