Form 4: Olivia Britton Holding Reports Changes in Beneficial Ownership of First Citizens BancShares Inc. (FCNCA)
SEC Form 4 Filing
Olivia Britton Holding, a director of First Citizens BancShares Inc., filed a Form 4 disclosing changes in her beneficial ownership of the company's securities.
Summary
- On March 6, 2024, Olivia Britton Holding reported changes in her beneficial ownership of First Citizens BancShares Inc. (FCNCA) securities.
- The report indicates both direct and indirect ownership of Class A Common Stock, Class B Common Stock, and Depositary Shares.
- Ms. Holding's indirect ownership is primarily through various entities and trusts, including Olivia B. Holding Revocable Trust, P. M. Bristow 2019 Irr Family Trust, Holding Properties, LLC, E&F Properties, Inc., Twin States Farming, Inc., Southern BancShares (N.C.), Inc., YVC Holdings, Inc., and Fidelity BancShares (N.C.), Inc.
- She disclaims beneficial ownership of shares held by these entities except to the extent of her pecuniary interest.
- The total amount of Class A Common shares beneficially owned following the reported transaction is 538,234.
- The total amount of Class B Common shares beneficially owned following the reported transaction is 156,902.
- The total amount of Depositary Shares beneficially owned following the reported transaction is 440,945.
- Each Depositary Share represents a 1/40th interest in a share of the Issuer's 5.375% Non-Cumulative Perpetual Preferred Stock, Series A.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral. It simply reports changes in beneficial ownership.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This filing indicates changes in the holdings of a director, which is a normal occurrence.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the ownership stake of a company director.
- It assures stakeholders that insider transactions are being monitored and reported as required by regulations.
Key Dates
| Date | Description |
|---|---|
| 03/06/2024 | Date of the earliest transaction reported. |
| 03/07/2024 | Date of signature for the Form 4 filing. |
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