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

Peter Bristow, a director and officer of First Citizens BancShares, reported changes in his beneficial ownership of the company's stock due to a transfer of shares to a grantor retained annuity trust.

Summary

• On March 18, 2025, Peter Bristow, a director and officer of First Citizens BancShares, filed a Form 4 to report changes in his beneficial ownership of the company's securities.
• The reported transactions involve Class A Common Stock, Class B Common Stock, and Depositary Shares.
• The changes primarily stem from a contribution of 200,000 shares of Class A Common Stock by Bristow's spouse to a new grantor retained annuity trust (Claire Holding Bristow 2025 Qualified GRAT).
• Bristow disclaims beneficial ownership of certain securities reported, stating that the report should not be deemed an admission of beneficial ownership for Section 16 purposes.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership of company stock by a director and officer.

Key Dates

Keywords

beneficial ownership, Form 4, First Citizens BancShares, Peter Bristow, FCNCA, securities, director, officer, grantor retained annuity trust, Class A Common Stock, Class B Common Stock, Depositary Shares