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

Hope Bryant, Vice Chairwoman of First Citizens BancShares, reports changes in her beneficial ownership of company stock and depositary shares.

Summary

• Hope Bryant, Vice Chairwoman of First Citizens BancShares, filed a Form 4 detailing changes in her beneficial ownership of the company's securities.
• The report indicates transactions related to Class A Common Stock, Class B Common Stock, and Depositary Shares.
• Bryant directly owns 108,725 shares of Class A Common Stock and 17 shares of Class B Common Stock.
• She also has indirect ownership through various trusts and entities, including a revocable trust, a GRAT, E&F Properties, Twin States Farming, Southern BancShares, and Fidelity BancShares.
• Her indirect holdings include 101,818 Class A Common shares via a revocable trust, 84,668 Class A Common shares via Hope H. Bryant 2023 GRAT, and other holdings through various entities.
• She disclaims beneficial ownership of shares held by her spouse and the entities, except to the extent of her pecuniary interest.
• The depositary shares represent a 1/40th interest in a share of the Issuer's 5.375% Non-Cumulative Perpetual Preferred Stock, Series A.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral. It simply reports changes in beneficial ownership.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their trading activities and ownership positions. This filing is typical for directors and officers of publicly traded companies.

Comparison to Industry Standards

• Monitoring insider transactions is a common practice in financial analysis.
• Comparing the holdings and transactions of Hope Bryant with those of other executives at First Citizens BancShares and peer institutions could provide insights into management's collective sentiment and strategic direction.
• Analyzing the timing and size of these transactions relative to industry benchmarks for insider trading activity can help assess whether they align with typical patterns or suggest any unusual behavior.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider ownership.
• It can influence investor perception of management's confidence in the company.

Key Dates

Keywords

beneficial ownership, Form 4, First Citizens BancShares, FCNCA, Hope Bryant, securities, stock, depositary shares, insider trading