Form 4: First Citizens BancShares Director Carson H. Brice Reports Stock Transfers

Director Carson H. Brice reports transactions involving Class A and Class B Common Stock, including transfers from a GRAT to a revocable trust.

Summary

• On October 17, 2024, Carson H. Brice reported transactions involving First Citizens BancShares stock.
• These transactions include the transfer of Class A Common stock from a Grantor Retained Annuity Trust (GRAT) to a revocable trust.
• The reporting person also reported acquisitions of Class A and Class B Common stock into trusts for the benefit of her children.
• The reporting person disclaims beneficial ownership of shares held by trusts for her children and certain other holdings.
• The reporting person continues to indirectly own shares through various trusts and as custodian for children.
• The reporting person directly owns Class B Common stock.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions by a company director; it doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transactions may provide insights into the director's view of the company's prospects, but the disclaimers of beneficial ownership limit the conclusions that can be drawn.

Key Dates