4/A: First Citizens BancShares Director Peter Bristow Amends Filing to Correct Transaction Date

Peter Bristow, a director at First Citizens BancShares, amends a previous SEC filing to correct the transaction date of a reported transaction.

Summary

• Peter Bristow, a director, 10% owner, and President of First Citizens BancShares Inc., filed an amended Form 4 with the SEC.
• The amendment corrects the transaction date of a previously reported transaction from March 7, 2024, to March 6, 2024.
• The filing details Bristow's direct and indirect beneficial ownership of Class A Common Stock, Class B Common Stock, and Depositary Shares.
• Bristow's holdings include 321,804 shares of Class A Common Stock held indirectly through various trusts and investment entities.
• He also holds Class B Common Stock and Depositary Shares through similar indirect ownership structures.
• The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing correcting a minor error. It doesn't convey any strong positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to insider trading and beneficial ownership, which is a standard practice for publicly traded companies. It doesn't necessarily reflect any specific industry trend but ensures transparency and compliance with SEC regulations.

Comparison to Industry Standards

• Form 4 filings are standard practice for directors and officers of publicly traded companies like First Citizens BancShares.
• Comparable companies such as Bank of America (BAC), JPMorgan Chase (JPM), and Wells Fargo (WFC) also have similar filings when their executives or directors trade company stock.
• The level of detail and the requirement to disclose beneficial ownership through trusts and other entities are consistent with SEC regulations and industry norms.

Stakeholder Impact

• The amendment ensures accurate information is available to shareholders regarding insider transactions.
• It reinforces transparency and compliance with regulatory requirements.

Key Dates