Form 4: First Citizens BancShares: Executive Frank B. Holding Jr. Reports Stock Ownership Changes

Frank B. Holding Jr., Chairman and CEO of First Citizens BancShares, reports changes in his beneficial ownership of Class A and Class B common stock due to gift transactions.

Summary

• On March 18, 2025, Frank B. Holding Jr., Chairman and CEO of First Citizens BancShares, reported changes in his beneficial ownership of the company's stock.
• The changes involve Class A Common and Class B Common stock.
• The transactions were gifts, indicated by transaction code 'G'.
• Holding's direct and indirect ownership includes holdings as custodian for family members, as beneficiary of trusts, and through GRATs (Grantor Retained Annuity Trusts).
• He disclaims beneficial ownership of certain securities, stating the report should not be deemed an admission of beneficial ownership for Section 16 purposes.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting changes in stock ownership, which is neutral in sentiment.

Management Comments

• The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the stock ownership of a key executive.

Key Dates

Keywords

beneficial ownership, Form 4, First Citizens BancShares, Frank B. Holding Jr., stock, FCNCA, securities, ownership