Form 4: Insider Gift: Bristow Increases FCNCA Trust Holdings

Claire H. Bristow, a Director of First Citizens Bancshares, reported the acquisition of Class A and Class B common shares via gift into various trusts.

Summary

• Claire H. Bristow, a Director of First Citizens Bancshares Inc. /DE/ (FCNCA), reported changes in beneficial ownership.
• On March 2, 2026, Bristow acquired 10 shares of Class A Common Stock and 168 shares of Class B Common Stock through gift transactions (Transaction Code 'G').
• The acquisition price for these shares was $0.
• These shares were acquired indirectly into various trusts, including the Claire Holding Bristow 2nd Amended and Restated Trust.
• Following these transactions, Bristow's total beneficial ownership includes 121,740 Class A Common shares (indirect), 8,655 Class A Common shares (indirect via spouse as Trustee), 43,817 Class B Common shares (indirect), and other various indirect holdings through trusts and LLCs.
• The filing also notes indirect beneficial ownership of 41,285 Depositary Shares, each representing a 1/40th interest in a share of the Issuer's 5.375% Non-Cumulative Perpetual Preferred Stock, Series A.
• Bristow disclaims beneficial ownership of certain securities held indirectly.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive signal, as a director is increasing their beneficial ownership, even if through gifts, which suggests long-term confidence in the company's value.

Positives

• A director is increasing their beneficial ownership, albeit through gifts, which can signal long-term confidence in the company.

Negatives

• No direct cash purchase of shares by the insider, which would typically signal stronger conviction.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider gift transactions, while not direct purchases, can reflect a long-term estate planning strategy by company directors, often indicating a continued belief in the company's stability and future value within the banking sector.

Stakeholder Impact

• Shareholders: Increased beneficial ownership by a director may be viewed positively as a sign of confidence.

Key Dates

Recommendation

The filing reports small gift transactions by a director, which, while indicating long-term confidence and estate planning, do not represent a significant change in investment thesis or warrant a strong buy/sell recommendation. The transactions are not material enough to impact the company's fundamentals or immediate stock price significantly.

Keywords

FIRST CITIZENS BANCSHARES, FCNCA, SEC Form 4, Insider Trading, Beneficial Ownership, Director, Stock Gift, Class A Common, Class B Common, Trust Holdings