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, including Class A Common, Class B Common, and Depositary Shares, following a transaction on March 6, 2024.

Summary

• On March 6, 2024, Hope Bryant, Vice Chairwoman of First Citizens BancShares, reported changes in her beneficial ownership of the company's securities.
• The reported transaction involved Class A Common stock.
• Following the transaction, Bryant's directly owned Class A Common shares remained at 0, while her indirectly held shares totaled 500,352 through various trusts and entities.
• She also reported ownership of 17 directly held Class B Common shares and 35,915 indirectly held Class B Common shares.
• Additionally, Bryant reported indirect ownership of Depositary Shares through various entities, totaling 410,945 shares.
• Bryant disclaims beneficial ownership of certain shares held through companies and trusts, except to the extent of her pecuniary interest.

Sentiment

Score: 5

Explanation: This is a neutral filing, simply reporting changes in beneficial ownership. It doesn't inherently indicate positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, required by the SEC to ensure transparency and prevent insider trading. It provides investors with information about the trading activities of company insiders, which can be an indicator of their confidence in the company's future prospects.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• It helps maintain investor confidence by ensuring compliance with SEC regulations.

Key Dates