Form 4: First Citizens BancShares Director Alemany Reports Stock Sale

Director Ellen R. Alemany reports the sale of 516 shares of First Citizens BancShares Class A Common stock on May 3, 2024.

Summary

• On May 3, 2024, Ellen R. Alemany, a director of First Citizens BancShares, sold 516 shares of Class A Common stock.
• The sale was executed at a price of $1,750 per share.
• Following the transaction, Alemany directly owns 4,842 shares of Class A Common stock.
• Alemany also indirectly owns shares through family trusts and GRATs (Grantor Retained Annuity Trusts).
• These include 819 shares held in a Family Non-GST Exempt Trust, 5,757 shares in a May 2022 GRAT, 4,559 shares in a Family GST Exempt Trust, and 3,985 shares in a March 2024 GRAT #1.
• Alemany directly owns 30,000 shares of Class C Preferred Stock.

Sentiment

Score: 5

Explanation: This is a routine disclosure of a stock sale by a company director. It doesn't inherently indicate positive or negative sentiment, but rather provides information about insider transactions.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders of a publicly traded company buy or sell the company's securities. This provides transparency to the market regarding the transactions of company insiders.

Stakeholder Impact

• The sale of shares by a director could be perceived in various ways by stakeholders.
• Some might see it as a lack of confidence in the company's future, while others might view it as a personal financial decision.

Key Dates