Form 4: First Citizens BancShares Director Reports Share Transactions

Director Victor E. Bell III reported a series of transactions involving Class A Common stock of First Citizens BancShares, including both acquisitions and disposals.

Summary

• Victor E. Bell III, a director of First Citizens BancShares, reported transactions involving the company's Class A Common stock.
• On December 13, 2024, Mr. Bell disposed of 10 shares of Class A Common stock at a price of $0.
• On the same day, he acquired 10 shares of Class A Common stock at a price of $0.
• These transactions were related to his holdings as a trustee for various trusts and plans.
• Following these transactions, Mr. Bell's direct holdings are 417 shares, and his indirect holdings are 6,483 shares through various trusts and plans.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing share transactions by a director. It does not indicate any positive or negative sentiment, but rather is a neutral reporting of activity.

Industry Context

This is a routine filing related to insider trading activity, which is common for directors of publicly traded companies. These filings are required by the SEC to ensure transparency and prevent insider trading.

Comparison to Industry Standards

• SEC Form 4 filings are standard practice for directors and officers of publicly traded companies in the United States.
• The transactions reported are typical for individuals managing their holdings through trusts and other entities.
• The reporting requirements are consistent across all companies listed on US exchanges.

Stakeholder Impact

• The transactions are unlikely to have a significant impact on stakeholders as they are routine and do not represent a major change in ownership.

Key Dates

Keywords

First Citizens BancShares, FCNCA, Director, Share Transactions, Class A Common Stock, Beneficial Ownership, SEC Form 4, Victor E. Bell III