Form 4: First Citizens BancShares Insider Carson Brice Reports Gift of Class A and B Common Stock

Carson H. Brice, a director of First Citizens BancShares, reported gifting Class A and Class B common stock to various trusts and custodianships, according to a Form 4 filing with the SEC.

Summary

• On March 18, 2025, Carson H. Brice, a director of First Citizens BancShares, filed a Form 4 with the SEC.
• The filing reports a transaction involving the gifting of Class A and Class B common stock.
• The shares were gifted to various trusts and custodianships, including those for the benefit of Stephen B. Brice, Elizabeth M. Brice, and Cordelia A. Brice.
• The reporting person disclaims beneficial ownership of these securities.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a gifting of shares, which is a common estate planning strategy.

Stakeholder Impact

• The gifting of shares may have a minor impact on shareholders due to the change in ownership structure, but the reporting person disclaims beneficial ownership of these securities.

Key Dates

Keywords

Form 4, insider trading, beneficial ownership, FCNCA, First Citizens BancShares, Carson Brice, Class A Common Stock, Class B Common Stock, gift