Form 4: First Citizens BancShares Insider Transaction: Chairman and CEO Frank B. Holding Jr. Reports Gift of Class A and B Common Stock

Frank B. Holding Jr., Chairman and CEO of First Citizens BancShares, reports gifting Class A and Class B common stock, resulting in changes to his direct and indirect beneficial ownership.

Summary

• On February 11, 2025, Frank B. Holding Jr., Chairman and CEO of First Citizens BancShares, reported a transaction involving Class A and Class B common stock.
• The transaction involved the gifting of 110,142 shares of Class A Common stock and 31,241 shares of Class B Common stock.
• These transactions changed Mr. Holding's direct and indirect beneficial ownership of the company's stock.
• Following the transaction, Mr. Holding directly owns 414,741 shares of Class A Common stock and 66,208 shares of Class B Common stock.
• Mr. Holding also indirectly owns 118,728 shares of Class A Common stock and 33,000 shares of Class B Common stock through his spouse.
• Additionally, Mr. Holding has indirect ownership through trusts and as custodian for various individuals.
• 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.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

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 regulatory compliance for corporate insiders, providing transparency into their transactions in company stock. The gifting of shares is a common estate planning strategy.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in ownership percentages, but it is unlikely to be significant.

Key Dates

Keywords

Form 4, Insider Trading, Beneficial Ownership, Frank B. Holding Jr., First Citizens BancShares, FCNCA, Class A Common Stock, Class B Common Stock, Gift