Form 4: First Citizens BancShares Director Claire Bristow Reports Changes in Beneficial Ownership

Claire Bristow, a director of First Citizens BancShares, filed a Form 4 detailing changes in her beneficial ownership of the company's Class A and Class B common stock and depositary shares.

Summary

• On March 6, 2024, Claire Bristow reported changes in her beneficial ownership of First Citizens BancShares stock.
• The transactions involved Class A Common stock, Class B Common stock, and Depositary Shares.
• Bristow's reported holdings include direct and indirect ownership through various trusts and investment entities.
• A disposition of 30,000 Class A Common shares is noted.
• Following the reported transactions, Bristow's beneficial ownership includes 321,804 Class A Common shares held indirectly through the Claire Holding Bristow 2nd Amended and Restated Trust.
• She also holds indirect ownership through other trusts and entities, including those for family members.
• The reporting person disclaims beneficial ownership of certain securities, and the report should not be deemed an admission of beneficial ownership for Section 16 purposes.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions.

Stakeholder Impact

• Shareholders are informed about changes in beneficial ownership by a company director.
• This information contributes to market transparency.

Key Dates