Form 4: First Citizens BancShares Director Sells Class A Common Stock

Director Ellen R. Alemany sold 484 shares of First Citizens BancShares Class A Common Stock at a weighted average price of $1,750.1178 on May 9, 2024.

Summary

• On May 9, 2024, Ellen R. Alemany, a director of First Citizens BancShares Inc., sold 484 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $1,750.1178 per share.
• Following the transaction, Alemany directly owns 4,842 shares of Class A Common Stock.
• Alemany also indirectly owns shares through family trusts and GRATs (Grantor Retained Annuity Trusts).
• Specifically, she indirectly owns 5,757 shares through a May 2022 GRAT, 4,559 shares through a Family GST Exempt Trust, and 3,985 shares through a March 2024 GRAT #1.
• Alemany directly owns 30,000 shares of Class C Preferred Stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing a stock sale by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders, like directors and officers, trade their company's stock. These filings provide transparency into insider transactions, which can be informative for investors.

Stakeholder Impact

• The stock sale by a director could be perceived in various ways by shareholders, ranging from a non-event to a signal about the director's confidence in the company's future prospects.

Key Dates