Form 4: First Citizens BancShares Director Hope Bryant Reports Stock Transfer to Revocable Trust

Hope Bryant, Vice Chairwoman and Director at First Citizens BancShares, reports a transfer of Class A Common stock from her 2023 GRAT to her revocable trust in a recent Form 4 filing.

Summary

• Hope Bryant, a director and Vice Chairwoman of First Citizens BancShares, filed a Form 4 with the SEC.
• The filing reports a transaction on February 11, 2025, involving Class A Common stock.
• 44,680 shares of Class A Common stock were distributed from Bryant's 2023 Grantor Retained Annuity Trust (GRAT) to her revocable trust.
• Bryant serves as trustee for both the GRAT and the revocable trust.
• The filing also details Bryant's direct and indirect ownership of Class A and Class B Common stock, as well as Depositary Shares.
• Bryant disclaims beneficial ownership of certain securities, except to the extent of her pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reporting a stock transfer. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This filing indicates a transfer of assets between trusts controlled by the same individual, Hope Bryant, and doesn't necessarily reflect a change in her overall economic exposure to the company.

Stakeholder Impact

• The transaction itself is unlikely to have a direct impact on stakeholders, as it represents an internal transfer of assets controlled by a company insider.
• However, transparency in insider transactions is important for maintaining investor confidence.

Key Dates

Keywords

Form 4, First Citizens BancShares, Hope Bryant, Beneficial Ownership, Stock Transfer, Class A Common Stock, Class B Common Stock, Depositary Shares, Revocable Trust, 2023 GRAT