Form 4: First Citizens BancShares Chairman Frank B. Holding Jr. Reports Acquisition of Class A Common Stock
SEC Form 4 Filing
Frank B. Holding Jr., Chairman and CEO of First Citizens BancShares, reports acquiring 75 shares of Class A Common stock on March 6, 2024.
Summary
- On March 6, 2024, Frank B. Holding Jr., Chairman and CEO of First Citizens BancShares, acquired 75 shares of Class A Common stock.
- The transaction was reported on a Form 4 filing with the SEC.
- Following the transaction, Holding directly owns 525,063 shares of Class A Common stock.
- He also indirectly owns shares through a trust, his spouse, and as custodian for several individuals.
- Holding also directly owns 97,609 shares of Class B Common stock and indirectly owns shares through a trust, his spouse, and as custodian for several individuals.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, so the sentiment is considered neutral.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives and directors.
Stakeholder Impact
- The transaction may have a minor impact on shareholders as it reflects the CEO's continued investment in the company.
Key Dates
| Date | Description |
|---|---|
| 03/06/2024 | Date of transaction: Frank B. Holding Jr. acquired 75 shares of Class A Common stock. |
| 03/07/2024 | Date of signature on the report. |
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