Form 4: First Citizens BancShares Vice Chairwoman Hope Bryant Reports Changes in Beneficial Ownership

Hope Bryant, Vice Chairwoman of First Citizens BancShares, reports changes in her beneficial ownership of company stock following the termination of a grantor retained annuity trust.

Summary

• On August 16, 2024, Hope Bryant, Vice Chairwoman of First Citizens BancShares, filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
• The changes are primarily due to the termination of the Hope H. Bryant 2022 grantor retained annuity trust (GRAT) on July 14, 2024.
• As a result of the GRAT termination, 23,120 shares of Class A Common Stock were distributed to Bryant's revocable trust.
• The remaining 69,427 Class A shares and 7,040 Class B shares previously held by the GRAT were transferred to Bryant's adult children.
• Bryant also reports indirect ownership through various entities, including Hope H. Bryant 2023 GRAT, revocable trusts, and companies where she serves as a director, officer, manager, and/or shareholder.
• She disclaims beneficial ownership of shares held by these entities except to the extent of her pecuniary interest.
• Bryant also reports ownership of Depositary Shares, each representing a 1/40th interest in a share of the Issuer's 5.375% Non-Cumulative Perpetual Preferred Stock, Series A.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing changes in stock ownership. It is neutral in tone and does not contain information that would significantly impact investor sentiment.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common practice in publicly traded companies. It provides transparency to investors regarding the holdings of key personnel.

Stakeholder Impact

• The changes in beneficial ownership may be of interest to shareholders, providing insight into the holdings of a key executive.

Key Dates