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

Olivia Britton Holding, a director at First Citizens BancShares, reported changes in her beneficial ownership of the company's stock, primarily through indirect holdings via various trusts and entities.

Summary

• Olivia Britton Holding, a director of First Citizens BancShares, filed a Form 4 detailing changes in her beneficial ownership of the company's securities.
• The report indicates that Ms. Holding's ownership is primarily indirect, held through various trusts, LLCs, and corporations.
• The transactions reported include a disposition of 447 Class A Common shares at $0, and the report details the number of shares held indirectly through various entities.
• The report also includes holdings of Class B Common stock and Depositary Shares, all held indirectly.
• Ms. Holding disclaims beneficial ownership of the listed shares except to the extent of her pecuniary interest, and the report is not an admission of beneficial ownership for Section 16 purposes.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing and does not contain any information that would indicate a positive or negative sentiment. It is a factual report of transactions.

Management Comments

• The reporting person disclaims beneficial ownership of the listed shares except to the extent of her pecuniary interest therein.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a company director, which is a common practice in the financial industry to ensure transparency and compliance with securities regulations.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders, such as directors, to report changes in their beneficial ownership of company securities.
• The level of detail provided in this filing is consistent with SEC requirements for Form 4 disclosures.
• The use of trusts and holding companies for indirect ownership is a common strategy among corporate insiders for estate planning and asset management.

Stakeholder Impact

• This filing provides transparency to shareholders regarding the ownership structure of the company's stock.
• The information is relevant to investors who track insider transactions as part of their investment analysis.

Key Dates

Keywords

beneficial ownership, Form 4, First Citizens BancShares, director, indirect holdings, Class A Common, Class B Common, Depositary Shares, trusts, securities