Chairman and CEO Holding Frank B Jr bought $824,488 worth of Class B Common (550 units at $1,499.07), increasing direct ownership by 18% to 2,608 units (SEC Form 4)
$FCNCA
Major Banks
Finance
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
FIRST CITIZENS BANCSHARES INC /DE/ [ FCNCA ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 03/10/2025 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Class B Common | 03/10/2025 | P | 2 | A | $1,485 | 2,210 | D | |||
| Class B Common | 03/10/2025 | P | 35 | A | $1,490 | 2,245 | D | |||
| Class B Common | 03/10/2025 | P | 70 | A | $1,495.07(1) | 2,315 | D | |||
| Class B Common | 03/10/2025 | P | 236 | A | $1,499.99(2) | 2,551 | D | |||
| Class B Common | 03/10/2025 | P | 57 | A | $1,509.99(3) | 2,608(4)(5) | D | |||
| Class B Common | 03/10/2025 | P | 27 | A | $1,520 | 1,027 | I(7) | By Spouse | ||
| Class B Common | 03/10/2025 | P | 33 | A | $1,510 | 1,060(6) | I(7) | By Spouse | ||
| Class B Common | 03/10/2025 | P | 12 | A | $1,480 | 4,799 | I(7) | As custodian for James Freeman Bailey, Jr. | ||
| Class B Common | 03/10/2025 | P | 18 | A | $1,499.53 | 4,817 | I(7) | As custodian for James Freeman Bailey, Jr. | ||
| Class B Common | 03/10/2025 | P | 22 | A | $1,484.99 | 4,652 | I(7) | As custodian for Royall Holding Bailey | ||
| Class B Common | 03/10/2025 | P | 8 | A | $1,480 | 4,660 | I(7) | As custodian for Royall Holding Bailey | ||
| Class B Common | 03/10/2025 | P | 23 | A | $1,485 | 5,011 | I(7) | As custodian for Jones Powell Bailey | ||
| Class B Common | 03/10/2025 | P | 7 | A | $1,480 | 5,018 | I(7) | As custodian for Jones Powell Bailey | ||
| Class A Common | 202,741(4)(5) | D | ||||||||
| Class A Common | 11,140 | I | As beneficiary of a trust | |||||||
| Class A Common | 3,728(6) | I(7) | By Spouse | |||||||
| Class A Common | 3,357 | I(7) | As custodian for James Freeman Bailey, Jr. | |||||||
| Class A Common | 1,532 | I(7) | As custodian for Royall Holding Bailey | |||||||
| Class A Common | 258 | I(7) | As custodian for Jones Powell Bailey | |||||||
| Class B Common | 2,392 | I | As beneficiary of a trust | |||||||
| Class A Common | 106,000(4) | I | Frank B. Holding Jr. 2025 #1 GRAT | |||||||
| Class A Common | 106,000(5) | I | Frank B. Holding Jr. 2025 #2 GRAT | |||||||
| Class A Common | 115,000(6) | I(7) | By Spouse as Trustee for the Ruth P. Holding 2025 GRAT | |||||||
| Class B Common | 32,000(4) | I | Frank B. Holding Jr. 2025 #1 GRAT | |||||||
| Class B Common | 32,000(5) | I | Frank B. Holding Jr. 2025 #2 GRAT | |||||||
| Class B Common | 32,000(6) | I(7) | By Spouse as Trustee for the Ruth P. Holding 2025 GRAT | |||||||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Explanation of Responses: |
| 1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at pieces ranging from $1,495.00 to $1,495.24, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the above range. |
| 2. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at pieces ranging from $1,499.95 to $1,500.00, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the above range. |
| 3. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at pieces ranging from $1,509.99 to $1,510.00, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the above range. |
| 4. On February 27, 2025, the reporting person contributed 106,000 shares of Class A Common Stock and 32,000 shares of Class B Common Stock held directly by the reporting person to a new grantor retained annuity trust (the "Frank B. Holding Jr. 2025 #1 GRAT," of which he serves as trustee), which shares continue to be reported in this Form 4 as indirectly owned. |
| 5. On February 28, 2025, the reporting person contributed 106,000 shares of Class A Common Stock and 32,000 shares of Class B Common Stock held directly by the reporting person to a new grantor retained annuity trust (the "Frank B. Holding Jr. 2025 #2 GRAT," of which he serves as trustee), which shares continue to be reported in this Form 4 as indirectly owned. |
| 6. On February 28, 2025, the reporting person's spouse contributed 115,000 shares of Class A Common Stock and 32,000 shares of Class B Common Stock held directly by the reporting person's spouse to a new grantor retained annuity trust (the "Ruth P. Holding GRAT," of which the spouse serves as trustee), which shares continue to be reported in this Form 4 as indirectly owned. |
| 7. 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. |
| Frank B. Holding, Jr., By: William R. Lathan, Attorney-in-fact | 03/12/2025 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||